Showing posts with the label Charles Street AME Church

Boston's Mayor Sides With Church

According to the Boston Herald , "Boston Mayor Thomas M. Menino is offering to help Roxbury’s historic Charles Street AME Church avoid foreclosure — and blasting the bank that’s trying to seize the house of worship. Menino yesterday called the Rev. Gregory Groover Sr. — pastor of the church and chairman of the Boston School Committee — to offer help in the congregation’s fight with Hub-based OneUnited Bank. The nation’s largest black-owned bank, OneUnited is threatening to foreclose on the church even though the company itself received $12 million in federal bailout funds in 2008. OneUnited has scheduled a March 22 foreclosure auction of the church, some nearby storefronts and a Milton parcel that once served as the congregation’s parsonage. Charles Street AME’s $1.1 million balloon mortgage recently came due, and the church says OneUnited hasn’t responded to an offer to keep making monthly payments while the congregation tries to refinance. The two sides have long bee