A lawsuit filed by Massachusetts Attorney General Martha Coakley over federal mortgage agencies' refusal to sell foreclosed homes to nonprofits that want to return them to the original owners appears to be in sync with the interests of an organization run by the co-chair of her campaign-finance committee, according to The Boston Globe.
The only nonprofit in the country that operates as described in the June suit against Freddie Mac and Fannie Mae is Boston Community Capital, the Globe writes. The organization is led by Elyse Cherry, who joined Ms. Coakley's gubernatorial campaign in September 2013 and has hosted at least five fundraisers this year for the Democratic candidate.
Ms. Cherry said the suit would not benefit her or the nonprofit financially, and Ms. Coakley said it is in keeping with her agenda on housing and predatory lending. The attorney general said there was no need for an ethics disclosure at the time she filed the suit because Ms. Cherry's direct contributions to her past campaigns were already matters of public record.