Boston City Councilors Override Veto to Create Strong Responsible Banking Ordinance

MAHA-Backed Action Follows Passage of Similar Legislation in New York and Los Angeles

October 23, 2013 - Boston City Councilors this afternoon voted to override a mayoral veto of a MAHA-backed responsible banking ordinance that will require banks that want to do business with the city of Boston to detail how they are investing in Boston's neighborhoods. The vote ensures that the next administration will have an important tool to rate bank performance in city neighborhoods.

Banks receive Community Reinvestment Act grades from state or federal regulators but those grades largely reflect lending and services in areas beyond the city of Boston. With this ordinance, Boston banks will be judged solely on how well they are serving city residents and city neighborhoods. City Councilor At-Large Felix Arroyo was the lead sponsor and author of the ordinance, referred to as "Invest in Boston".

Pedal Poker River Run Rocks Neponset

Under gorgeous skies on October 19th, participants in the annual Pedal Poker River Run enjoyed fall and raised important resources for non-profit organizations working in Dorchester, Mattapan, and Milton. Thanks to sponsors and donors income from the event doubled from last year to more than $15,400.

Bikers completed a seventeen mile loop starting at Pope John Paul Park in Dorchester and featuring stops at sponsor Blue Hills Bank in Hyde Park and partner Brookwood Community Farm in Milton. Walkers and runners finished a 5K route on the beautiful DCR Neponset River Trail.

Many thanks to our lead sponsors for the event Mortgage Master and SBLI as well as Blue Hills Bank and Vargas & Vargas Insurance.


Massachusetts Affordable Housing Alliance
1803 Dorchester Avenue
Dorchester, MA 02124
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By phone: 617-822-9100
By fax: 617-265-7503