The SoftSecond Loan Program was developed in 1991 by Massachusetts Bankers Association, the Massachusetts Housing Partnership and the Massachusetts Affordable Housing Alliance to address community concerns highlighted in the 1989 Federal Reserve study citing racial disparities in mortgage lending. This report updates the information presented in Expanding Homeownership Opportunity: The SoftSecond Loan Program, 1991-2003, released by MCBC in 2004.

• Report