Compass Working Capital strongly supports the Affordable Homes Act, Governor Maura Healey’s $4.13 billion housing bond bill and the largest housing investment in Massachusetts history. Compass CEO Markita Morris-Louis submitted written testimony on January 18, 2024 to the Joint Committee on Housing.
Among the bill’s comprehensive combination of investments and policy initiatives, Compass specifically supports the Governor’s proposed $50 million to support first-time homebuyers through the MassDREAMS program. Although clients in our FSS programs save on average $9,000, in today’s housing market it’s often not enough to make their homeownership goals a reality. Programs like MassDREAMS can open the door to homeownership for countless families to take this important wealth-building step.
To counteract the impacts of historical, cross-generational discriminatory housing policies, we must prioritize bold action like the Affordable Homes Act that support narrowing the racial homeownership gap, and by extension, the racial and gender wealth divides.