News

PFE Releases Latest Small Business Lending Matters Report

November 25, 2024

Boston, MA – Over one-third of businesses in the Commonwealth’s Gateway Cities are in low-income tracts but receive just 22.9% of the number of loans from financial institutions, according to a report based on 2022 data released today by the Partnership for Financial Equity. Small Business Lending Matters was prepared by the Chicago-based Woodstock Institute […]

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News

The Village Bank Joins Partnership for Financial Equity

November 22, 2024

Our membership keeps growing. The Village Bank, with full-service offices located in the heart of seven unique villages in Newton and neighboring Wayland and Waltham, the Bank provides area residents and businesses with financial products and services and is the only remaining mutual community bank headquartered in the City of Newton. Kelly Johnson is Vice […]

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News

Transforming Legacy: The Massachusetts Insurance Industry’s Billion Dollar Commitment to Community Development

October 24, 2024

Boston, MA – October 24, 2024 – Partnership for Financial Equity unveils its latest report, It Wasn’t So Scary, on the twenty-five year life of the Massachusetts Insurance Company Community Investment Initiative. These two initiatives, one involving life insurance companies and the other property insurers, represent a transformative effort to leverage financial capital for community […]

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News

Bank and Community Leaders Celebrate “Elevating Equity” Innovators

October 17, 2024

October 17, 2024 – Partnership for Financial Equity is pleased to announce the winners of our inaugural Elevating Equity awards, designed to recognize outstanding bank-community partnerships reaching low- to moderate-income households. Awards were given in three categories – small business lending, mortgage lending, and banking services. Winning partnerships were the Cape & Islands Veterans Outreach […]

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News

LG Kim Driscoll and Deputy Comptroller Donna Murphy headline Financial Equity Summit 2024

October 11, 2024

If you attended our annual Financial Equity Summit this year, you heard Lieutenant Governor Kim Driscoll talk about centering equity and doing hard things. And Deputy Comptroller Donna Murphy challenging us to “drive positive change.” Our board chair, Brook Ames of Leader Bank, captured the spirit of the event in his opening remarks in Worcester, […]

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Events

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, Lieutentant Governor Kim Driscoll will join us; OCC Deputy Comptroller for […]

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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 […]

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Events

Programs 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 […]

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News

We 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 […]

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News

Annual 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 […]

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