Associated Bank’s $1.5M home loan pledge connected to $200M redlining settlement
The City of Milwaukee announce a corporate partnership with Associated Bank on February 26 for home loans, which also fit the settlement agreement that the financial institution was obligated to pay for its discriminatory housing policies. Associated Bank agreed to purchase a significant portion of the STRONG HOMES Loan portfolio, and add approximately $1.5 million to the funds available for helping Milwaukee residents stay in their homes. The commitment comes just under three years after the bank agreed to settle with the U.S. Department of Housing and Urban Development (HUD) to resolve a disparate treatment redlining case, one of...
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