Providing a collaborative forum for Massachusetts financial institutions and community organizations to meet and share information with the goal of affecting positive change in the availability of credit and financial services in low and moderate income communities and communities of color across the Commonwealth.
MCBC helps financial institutions to stay current on all of the information needed to meet CRA requirements and reach customers. Membership donations to MCBC are a qualified investment under the State’s CRA statute.
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MassHousing shares with MCBC’s Board of Directors how Changing Patterns XXV, authored by Jim Campen, informed policy goals MCBC’s 2018 mortgage lending report, Changing Patterns XXV, authored by Jim Campen, drew awareness to the racial homeownership gap. The racial homeownership gap is particularly pronounced in Massachusetts. The U.S. homeownership rate is 63.9%; but only 46% of […]
Read MoreLeaders in Small Business Lending Discuss 2019 Accomplishments MCBC kicked off its 2020 Small Business Lending Roundtable series on January 23rd in Boston at Eastern Bank. Leader Bank and Dorchester Bay Neighborhood Loan Fund highlighted accomplishments from 2019. Leader Bank’s Patrick Daaboul (SBA Administrator) and Sandeep Jain (AVP- Commercial Loan Officer) discussed the institution’s role in […]
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In my role as a Director and Chair of MCBC, I have come to appreciate the significant value the organization brings to the citizens of Massachusetts. I am proud of the work we do to improve access to credit and build partnerships towards this effort.