After more than one year of financial battles and struggles with a local bank, Boston’s Charles Street African Methodist Episcopal Church is at the top of the list for reported foreclosures in the city.
The congregation has been unable to repay a $4 million construction loan that was generated on a nearby community center it was building, according to official reports on the property.
In recent days, without warning to the church, the bank associated with the loan OneUnited Bank, advertised that it planned to foreclose on the AME property.
The tumultuous financial battle is causing a stir for the church which was founded in 1818 on Beacon Hill and part of the Underground Railroad and puts them front and center against a bank owned by black executives who say their mission is community lending.
Find out more about the church and the expected outcome of the foreclosure below.
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