Expanding Homeownership Opportunity – The SoftSecond Loan Program 1991-2003

July 01, 2004

The SoftSecond Loan Program was developed in 1991 by Massachusetts Bankers Association, the Massachusetts Housing Partnership and the Massachusetts Affordable Housing Alliance to address community concerns highlighted in the 1989 Federal Reserve study citing racial disparities in mortgage lending. This report looks at SoftSecond loan activity and performance statewide and is an expansion of the information included in Changing Patterns.