For Sister Lillian Murphy of Mercy Housing, your mission must not be an excuse to make bad business decisions.
Three years after the financial meltdown, credit remains elusive in many underserved communities. Although the reliance on credit scores is greater now than it’s been in a decade, many housing activists and community lenders are arguing for other means to evaluate credit risk.
Attention is turning to single-family rentals as a way to keep a growing inventory of foreclosed properties occupied in a credit-constrained market. But scattered-site rental has long been considered a very tough nut to crack for nonprofit housing groups. How do those who make it work pull it off?
Boston Community Capital's SUN program has gotten a lot of media attention. How is it working and what's next?
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