Having been assigned the mandate to maintain price stability, the ECB - in view of its desire to be both transparent and accountable - could not simply have remained silent on how it interprets this concept.
However, the broader aim of these programs is to improve borrowers’ prospects for longer-term success in maintaining their credit and handling their overall finances. Since 1994, through this combination of leveraged financing arrangements and borrower education, the CDC of Brownsville has helped make homeownership possible for more than 2,500 low-income families.