In an all-new The Business Beat, Steve Jones-D’Agostino interviews Grace Ross, is one of the founders and the coordinator of the Massachusetts Alliance Against Predatory Lending. They talk about putting an end to predatory and illegal discrimination in lending practices.
The Mass. Alliance Against Predatory Lending is a seven-year-old coalition of nearly 70 member organizations, as well as a number of endorsing organizations. Among the member organizations are housing-counseling agencies, legal-services groups, social- service agencies, and community-based social-action groups. All have come together to work on reversing the foreclosure crisis in Massachusetts. The Alliance focuses its work on:
Legislative initiatives, including judicial foreclosure, mandatory mediation, just-cause eviction post-foreclosure, and other pre- and post-foreclosure protections for tenants and homeowners;
Organizing to prevent eviction of tenants and resident homeowners who are paying their rents in foreclosed properties;
Providing education to homeowners and tenants regarding their rights, as well as educating the general public regarding the predatory and discriminatory practices of lenders and financial institutions;
Ensuring that foreclosed properties can be acquired as affordable housing by non-profits and other entities.
The Alliance shares information among, and coordinates the activities of, its member organizations and, where possible, speaks with a united voice on behalf of people impacted by the foreclosure crisis and against predatory lending practices.