Minding the Gap: Enterprise Wealth
The second event in the Minding the Gap series featured two panels focused on enterprise wealth and community wealth.
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The Greater Boston Partnership to Close the Racial Wealth Gap is a broad-based group of more than 40 members representing sectors including banking and finance, housing, issue advocacy, government, healthcare and life sciences, and education.
Established in late 2022 as part of the Boston Foundation's commitment to racial equity, the Greater Boston Partnership to Close the Racial Wealth Gap is a uniquely powerful effort to close racial wealth gaps in the city and region by increasing homeownership in communities of color.
Priorities
Increasing Housing Supply
Lack of adequate housing supply is a fundamental, underlying cause of the affordable housing crisis in Massachusetts. There simply are not enough housing units to meet the demands of Massachusetts residents, especially those with low or moderate incomes.
Expanding Down Payment Assistance
Coming up with the down payment and closing costs for a home is a major hurdle to homeownership. Expansion of these programs and other forms of subsidy can help families overcome these obstacles and save their cash reserves for expenses associated with being a new homeowner, like unexpected repairs.
Increasing Access to Affordable Mortgage Products
Access to affordable mortgage products allows prospective homebuyers the opportunity to make affordable monthly payments resulting in significant cost savings. These cost savings can save families hundreds of dollars a month that they can use for short-term disposable income and long-term savings.
RECENT News
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RESOURCES
Explore these and other documents and web elements on our Resources page
Get Involved
Inquiries about the Partnership
Interested in learning more about the Wealth Gap Partnership and how to join the effort?
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