Our 2024 Financial Equity Summit Is Fast Approaching!
September 18, 2024
On October 1st and 2nd, our third annual Financial Equity summit will take place, as a Zoom webinar on Tuesday the 1st and at Worcester’s Redemption Rock Brewery on Wednesday the 2nd. Registration is now open for the Summit. In Worcester on October 2nd, OCC Deputy Comptroller for CRA Donna Murphy will give a keynote […]
Read More News“Dream big!” event brings together nation’s top experts on Special Purpose Credit Programs
September 18, 2024
A packed room of activists, bankers and policymakers were challenged to “dream big” last night as we took a deep dive into an long-underutilized tool to close racial wealth gaps. Attendees heard from some of the nation’s foremost experts on Special Purpose Credit Programs (SPCP) including Patience Malaba from the Housing Development Consortium of Seattle-King […]
Read More EventsPrograms with a Purpose forum on September 17 with The Racial Wealth Gap Partnership
September 02, 2024
Boston, MA – It has been called exciting, innovative, expansive. On July 1st, the Covenant Homeownership Program in Washington state opened for business offering assistance to low-income homebuyers whose families have been harmed by racial discrimination in housing. Register now for this forum, co-sponsored with The Racial Wealth Gap Partnership at The Boston Foundation, as […]
Read More NewsWe are growing again
August 20, 2024
Our membership is growing again. Savers Bank, with more than 100 years of experience offering expansive comprehensive financial services to residents of Southbridge and adjacent communities in central Massachusetts, recently joined Partnership for Financial Equity. April Sterndale is the CRA officer at Savers Bank. And Boston Medical Center has joined as a Community Partner. Boston […]
Read More NewsAnnual Mortgage Lending Matters Report Released
July 24, 2024
Number of Mortgages to Black and Latine Households Remain at Proportional Shares Despite Rising Interest Rate Environment; Racial Gaps in Denial Rates Remain Large, Unyielding Boston, MA – While the total number of home purchase mortgage loans dipped considerably in 2022, Black and Latine homebuyers in Massachusetts received home purchase mortgages that roughly equaled their […]
Read More NewsPFE Welcomes Northern Bank and First Citizens Bank as Members
March 22, 2024
Our membership is growing. Two banks, Northern Bank and First Citizens Bank, have joined Partnership for Financial Equity as new members in recent weeks. Welcome! Founded in 1960, Northern Bank is a Woburn-based institution that has assets of $2.87 billion with 13 locations serving communities throughout Middlesex County. Joanne Fishlin is Head of Compliance Risk […]
Read More NewsBusinesses in Low Income Areas and Neighborhoods of Color Across Massachusetts Receive Fewer Loans Than Peers in 2021; Local Lenders Lead in Year Two of PPP
February 05, 2024
Boston, MA – Businesses in low-income tracts across the Commonwealth receive less than their respective percentage of loans, both in terms of the number of loans and the total dollar amount of loans, according to a report based on 2021 data released today by the Partnership for Financial Equity. Small Business Lending Matters was prepared […]
Read More NewsNew Paper on Special Purpose Credit Programs as Tool for Greater Equity
December 20, 2023
Boston, MA – A little-used tool that has been available since 1976 is the focus of a new report released today by the nonprofit Partnership for Financial Equity with support from MassHousing. Special Purpose Credit Programs, authorized by the federal Equal Credit Opportunity Act, offer tremendous promise, three years removed from George Floyd’s murder and […]
Read More EventsNearly 400 attend two-day Financial Equity Summit 2023
October 04, 2023
Thank you to all of our sponsors, speakers, panelists and attendees in making our second annual Financial Equity Summit a huge success. This year’s Summit featured Massachusetts Attorney General Andrea Joy Campbell, Connecticut State Treasurer Erick Russell, Vermont State Treasurer Mike Pieciak, Jillian White, CEO of Appraisal Insights and Leah Rothstein, co-author of Just Action. […]
Read More NewsFirstGenHome – From Massachusetts to Minnesota and Beyond
August 10, 2023
It started in Dorchester. The nation’s first ever program to support first-generation homebuyers, those without the Bank of Mom and Dad, was launched here in Massachusetts in 2019 by the Massachusetts Affordable Housing Alliance. In just four short years, the concept has taken off and now eleven different locations have first-gen programs, according to a […]
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