MountainOne President Elected Chair of Mass Bankers

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NORTH ADAMS, Mass. — MountainOne announced that President and CEO Robert J. Fraser was elected as chair of the Mass Bankers Association (MBA), a one-year post which began on July 1, 2024.
 
"Bob is a demonstrated community partner, and we are thrilled to welcome him to this role,"Kathleen Murphy, President and CEO of MBA said. "We appreciate his leadership for our organization, especially as we work to continue to support and advance our industry within the Commonwealth." 
 
"I am honored to have been elected to the position of chair by my peers," said Fraser, who joined MountainOne in 2007 and has served as its President and CEO since 2014. "I truly enjoy working with our members and with the Mass Bankers professional staff team to achieve the strategic priorities for the association."
 
Fraser noted that key focus areas already in full swing for 2024-2025 include creating greater awareness of the role of banks and their positive impact on communities across the Commonwealth and expanding the association's engagement with the industry's emerging leaders.
 
Founded in 1905, the MBA is the only Association representing FDIC-insured community, regional and nationwide banks serving consumer and business clients across the Commonwealth.

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Letter: CDBG Funding for Housing Fix-Up, Purchase Assistance, and Affordable Housing Trust

Letter to the Editor

To the Editor:

At the public hearing (03/25/26) on the Community Development Block Grant (CDBG) Application submitted by North Adams, the presentation indicated that no funding was allocated to assisting residents with housing fix-up and housing purchase.

North Adams remains the only jurisdiction in Berkshire County that does not include these types of programs in their CDBG application. The grant application also misses an opportunity to fund the newly created Affordable Housing Trust which receives CDBG funds in other jurisdictions.

North Adams funded housing fix-up and housing purchase assistance in the past and these programs helped many residents with home upkeep and purchases. The need for these programs has only increased since they were abandoned by North Adams.

For the median income resident of North Adams the median home price is $40,000 more than they can afford. Over 27 percent of homeowners spend more than 30 percent of their income on housing and 12.5 percent of homeowners spend more than 50 percent of their income on housing. Over 20 percent of properties in North Adams are rated as below average condition by the North Adams assessor.

There should be no doubt that North Adams needs both fix-up and home purchase assistance programs and a well supported Affordable Housing Trust. I urge North Adams residents to advocate for funding for these programs during the upcoming budget review meetings.

Virginia Riehl
North Adams, Mass. 

Riehl is co-founder of the North Adams Community Housing Organization (NACHO)

 

 

 

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