In 1993 a group of visionary bankers in New York decided to put aside competitive differences to work collaboratively in addressing community reinvestment. What they created was a coalition of nonprofit housing counseling agencies working in concert with mission-driven lenders to help low and moderate income families become homeowners for the first time. Twenty-five years over and 10,000 first-time home buyers later, the early vision of those farsighted partners remains fully realized through the ongoing work of the New York Mortgage Coalition, now one of the nation’s leading proponents of affordable homeownership.
The New York Mortgage Coalition is a HUD Intermediary whose HUD-certified agencies provide the vital housing counseling that helps home buyers fully understand and prepare for responsible homeownership. In addition to supporting the counseling programs of 18 member agencies in greater New York, the Mortgage Coalition also serves as a consultant to CXHE (New York State Coalition for Excellence in Homeownership Education), a network of more than 50 housing agencies that receives major funding from NeighborWorks America to advance statewide collaboration and impact.
The Mortgage Coalition’s new vision endeavors to ‘unify the field’ of affordable homeownership across New York state by helping lenders, funders, nonprofits, realtors, and policy makers work collaboratively to maximize equitable homeownership opportunities for the underserved. We welcome any ideas regarding programmatic expansion and opportunities for collaboration as we continue to scale the impact and reach of our affordable homeownership program.