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Santander Announces “Inclusive Communities” Plan – A New $11 Billion, Five-Year Community Commitment

Boston– October 30, 2017 – Santander US CEO Scott Powell today announced Santander’s “Inclusive Communities” plan, the Bank’s new $11 billion agreement with the National Community Reinvestment Coalition (NCRC) to increase lending, community development, and charitable giving. “Inclusive Communities” was developed with significant input from and collaboration with more than 100 community-based organizations, including MAHA leaders Esther Maycock Dupie, Symone Crawford and many others.

Ideas welcome! Over 100 Boston residents pack Franklin Park clubhouse for forum on Community Preservation Act dollars

On a day that featured much speculation in the media about how Boston would attract Amazon to the city, 120 Boston residents packed into a community room at Frankln Park in Dorchester last night to discuss a community-centered process to spend $20 million per year on affordable housing, parks, and historic preservation. 

First public forum on spending Boston Community Preservation Act dollars to be held tonight

Come “shopping” with us tonight. How would YOU spend $20 million on homes, parks and preservation? Last November, Boston residents voted overwhelingly to pass the Community Preservation Act in a campaign led by Yes for a Better Boston and MAHA. Now, the city prepares to spend $20 million on affordable housing, parks, and historic preservation. But first, a committee of nine Boston residents will be appointed to recommend CPA spending. And you can apply from now through November 9th to be on that committee. Join us on October 19th at the Franklin Park clubhouse from 6-7:30pm and learn more about how to apply and offer your suggestions about how to spend the dollars in your neighborhood.

Massachusetts Banks Go 0 for 20 on State CRA Exams in 2016

New MAHA Report on 2016 CRA Ratings Released; Quicken Loans Still Without A CRA Rating

January 23, 2017 - Of the 50 Community Reinvestment Act ratings awarded to Massachusetts banks during 2016, only 10% were “Outstanding", according to a report issued today by the Massachusetts Affordable Housing Alliance (MAHA). It is notable that all five of the “Outstanding” ratings were among the seven total ratings awarded by the OCC; not a single “Outstanding” rating was awarded by the FDIC, the Fed, or the state. For federal regulators, the “Outstanding” share was 16.7% (5 of 30 ratings); for the state, the “Outstanding” share was 0.0% (0 of 20).