Summary : Last Spring, the Rainbow Coalition Caucus identified the mortgage crisis as an issue that would address the needs of people that the GRP wishes to reach. This led to the formation of the Mass. Association Against Predatory Lending which included NACA (Neighborhood Assistance Corporation of America), City Life/Vida Urbana, and the office of City Councilor Chuck Turner. These groups engaged in actions against CountryWide, the nation's largest source of scam mortgages, which resulted in an agreement between CountryWide and NACA to restructure loans so they will be affordable to the mortgagees. MAAPL is now engaged in developing legislation, discussing other steps, and expanding to include more housing advocacy groups. This activity clearly is identified with the GRP.

Text : The State Committee hereby: Puts the GRP on record as working against mortgage scams by engaging in activities designed to protect unsuspecting mortgage holders and tenants at risk of losing their homes. Authorizes and supports efforts by the Mass. Association Against Predatory Lending (MAAPL) which was initiated and formed by the Party's Rainbow Coalition Caucus and for which the Caucus will be the GRP's liaison. Encourages local chapters to participate as appropriate. Recognizes this effort as one component of the party's commitment to abolishing poverty.