The Mortgage Lending Matters report and corresponding Fact Book are an in-depth, comprehensive look at mortgage lending in Massachusetts to low- and moderate-income households and borrowers of color. The new report was covered by several Massachusetts outlets: WCVB –...
Mortgage lenders continue to overwhelmingly favor White neighborhoods over Black neighborhoods, perpetuating cycles of underinvestment and racial inequity. The Mortgage Access Initiative is an effort to tackle this issue head-on. In 2020, WBEZ and City Bureau’s “Where Banks Don’t...
The new report and corresponding Fact Book are a comprehensive look into mortgage lending disparities in Massachusetts Woodstock Institute is excited to share our new work with Partnership for Financial Equity shedding light on how the racial homeownership gap...
Woodstock Institute has begun working with Partnership for Financial Equity to shed new light on how the racial homeownership gap plays out in Boston and Massachusetts at large. BOSTON — The real estate market in Massachusetts is beset by...
CEO Horacio Mendez joined Neighborhood Housing Services of Chicago President Anthony Simpkins in presenting analysis of lending in communities by banks seeking to hold city deposits.
Woodstock Institute co-leads the Illinois Community Reinvestment Act Coalition with Housing Action Illinois. The coalition submitted a letter with 32 organizations signed on to comment on the Illinois Department of Financial and Professional Regulation’s (IDFPR) Advance Notice of Proposed...
Illinois has a historic opportunity to ensure state banks, state credit unions, and mortgage companies invest mortgage capital equitably. The ability for the State of IL to hold all lenders accountable for the impact they have on the residents...
Woodstock Institute signed on to a letter led by the National Consumer Law Center (NCLC) requesting that the US Department of Housing and Urban Development (HUD), the US Department of Veterans Affairs (VA) and the US Department of Agriculture...
A city neighborhood isn’t merely a hodgepodge of housing and businesses. It’s an amalgam of anchoring entities that keep it alive and thriving, that gives it a defining sense of community. Those anchors include schools, of course. Churches. Parks....
By Oscar Perry Abello, September 14, 2021 The audit’s arrival at the end of August is timely, as Chicago City Council is set to vote today on a measure that would update and strengthen Chicago’s Responsible Banking Ordinance and...