Kathy McGilvray, OppCo’s CEO, will be stepping down in mid-October to accept a significant new role as Executive VP of Finance Programs at MassDevelopment. The Board of Managers has appointed Jessica Boatright as Interim CEO to ensure a smooth transition. Jessica is a proven community development leader with over two decades of experience in affordable housing, strategy, and innovation.

In 2024, Opportunity Communities (OppCo)—a nonprofit dedicated to strengthening CDCs—launched the OppCo Housing Accelerator Fund (HAF). This revolving loan fund provides fast, affordable predevelopment and acquisition financing, giving CDCs the agility to compete in a high-cost housing market and preserve homes for long-term affordability.

OppCo is thrilled to announce that First Citizens Bank has invested $1 million through an Equity Equivalent Investment (“EQ2”) to support The Neighborhood Developers’ anti-displacement strategy. The funds will be managed by OppCo as part of the OppCo Housing Accelerator Fund.

Homes for Equity collaborators completed The Past is Not Past: Confronting the Legacy of Housing Discrimination in Roxbury, a two-part series on both ends of Fair Housing Month exploring homebuying discrimination.

Aching for A Home: Stories of Homebuying Discrimination in Roxbury, shared the stories gathered from the lived experiences of Roxbury residents and discussed how to make it right in the community.

We’re thrilled to welcome the inaugural cohort of the Fellowship for Equitable Affordable Housing Development (FEAHD). These Fellows will work at CDCs across Massachusetts for the next two years, benefitting from on-the-job training and mentorship that will prepare them for careers in real estate development.