Breaking down barriers for first-time and first-gen homebuyers and closing the racial wealth gap!

MAHA and Mayor Wu Announce Historic Investment to Shrink Racial Wealth Gap, Stabilize Boston’s Communities of Color

Dorchester - Mayor Michelle Wu, standing with members of the Massachusetts Affordable Housing Alliance (MAHA) at the community organization’s office, today announced a historic $106 million commitment to affordable homeownership, focusing on serving first-time and first-generation homebuyers of color. Read Dorchester Reporter article here.

This homeownership commitment from the City of Boston will:

MAHA Announces Eastern Bank’s Increased Participation In State’s Most Affordable Mortgage Plan

BOSTON – February 16, 2022 – Massachusetts Affordable Housing Alliance (MAHA) today announced a 500 loan commitment over a five-year period from Eastern Bank that that will more than double its lending in the Massachusetts Housing Partnership’s ONE Mortgage program. Eastern has been a long-time participant in the program, and MAHA has successfully reached 23,600 low and moderate homebuyers with 60% of those being persons of color through the overall program. Eastern’s goal will be to fund at least 100 ONE Mortgage loans each year from 2021-2025.

Twelve out of Sixty-Eight Banks Recieve Outstanding CRA Ratings in 2021

February 4, 2022 – Of the 68 CRA ratings awarded to Massachusetts banks during 2021, twelve (17.6%) were “Outstanding,” according to a report issued today by the Massachusetts Affordable Housing Alliance (MAHA). The share of “Outstanding” ratings is down from 22.2% in 2020, but higher than in five of the six preceding years.  For federal regulators, the “Outstanding” share was 21.1% (8 of 38 ratings); for the state, the “Outstanding” share was 13.3% (4 of 30). .

MAHA Reaches Milestone of 40,000 Homebuyer and Homeowner Graduates

December 9, 2021 - Dorchester, MA - Just a little over three years ago, MAHA celebrated its 30,000 graduate from its first-time homebuyer and homeowner education classes. This month, after a period of unprecedented growth combined with a pandemic that forced innovations in the delivery of the classes, MAHA is announcing that it has surpassed the 40,000 graduate mark.

CHAPA, MACDC, and MAHA release joint statment on American Rescue Plan Act housing spending in Massachusetts


Joint statement from CHAPA, MACDC, and MAHA on American Rescue Plan Act housing spending in Massachusetts

December 7, 2021

We thank the Legislature for passing a bill that invests over $600 million from the Commonwealth’s American Rescue Plan Act (ARPA) Fiscal Recovery Funds into affordable housing. This funding will have a real impact on people’s lives by allowing us to quickly produce new affordable homes. We urge Governor Baker to sign this bill into law and put Massachusetts on a path to making homes more affordable and closing our racial homeownership gap.

MAHA Statement on Funding for First-Generation Homebuyers in the Build Back Better Act Framework

Dorchester, MA — Massachusetts Affordable Housing Alliance (MAHA) incoming executive director Symone Crawford issued the following statement today after President Biden and Congressional leaders released the framework for the Build Back Better Act, which includes significant funding for affordable housing, including a first-generation down payment assistance program inspired by MAHA’s STASH matched savings program for first-gen homebuyers.

Mayoral Candidates Make Commitments on Equitable Homeownership at MAHA/MPDC Forum. Still More Work To Do.

BOSTON, MA – On Wednesday, October 20, 2021, the Massachusetts Affordable Housing Alliance (MAHA) and the Madison Park Development Corporation hosted mayoral hopefuls Annissa Essaibi George and Michelle Wu at a virtual forum on making access to homeownership more equitable in Boston. Members of both organizations shared their stories and asked the candidates to commit to the most critical steps the new mayor can take to shrink the city's racial homeownership and wealth gaps.

Pages

Subscribe to Mass Affordable Housing RSS