MAHA educates and mobilizes across Massachusetts to break down barriers to affordable and sustainable homeownership.
Mark your calendars.
On Friday, October 16th from 5pm-10pm, MAHA will celebrate the many contributions of our friend Florence Hagins who passed away this past March at the age of 67. Buy your tickets now.
Florence McCarthy Hagins touched thousands of first-time homebuyers. She was a passionate voice for fair and affordable mortgage lending in the Commonwealth’s underserved neighborhoods. And she never forgot her own struggle to achieve her dream of become a homeowner – she gave back by helping thousands of others to achieve their own dreams.
A native of Roxbury, Florence was exactly the type of grassroots leader that we need in our neighborhoods. She was engaged with her local civic association in Jones Hill, chaired rallies with over 1,000 attendees including Mayors, Governors and members of Congress. And she negotiated with bankers to create lending agreements for millions of dollars in affordable mortgages. If you knew Florence, you were touched by her passion – you couldn’t avoid it.
September 21, 2015 – MAHA joined with community groups from across the nation, led by the National Community Reinvestment Coalition (NCRC), and sent a letter to Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, and William Dudley, President of the Federal Reserve Bank of New York, in response to Goldman Sachs Bank's proposed acquisition of certain assets and liabilities of GE Capital Bank. The letter in opposition to the acquisition calls for the Federal Reserve to extend the comment period and hold formal hearings on the matter.
"In recent years Goldman Sachs has had to pay billions in settlements for everything from the manipulation of stock market prices, to predatory lending, to deceptive marketing practices, to illegal campaign activity, to betting against their own customers, and more," said NCRC President and CEO John Taylor. It is simply unacceptable for federal bank regulators to allow them to expand their empire. We are also concerned by the history of cozy relationships between the New York Fed and Goldman Sachs, which raises questions about the New York Fed's ability to be impartial in this matter."
The major concerns with the proposed acquisition outlined in the letter are:
•The large amount of redacted information that is customarily made public in Goldman Sachs' application, particularly in its CRA plan.
MAHAMassachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
By email: firstname.lastname@example.org
By phone: 617-822-9100
By fax: 617-265-7503