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Testimony of Horacio Mendez at 2022 City Council Finance Committee Lending Equity Ordinance hearing on municipal depositories

CEO Horacio Mendez joined Neighborhood Housing Services of Chicago President Anthony Simpkins in presenting analysis of lending in communities by banks seeking to hold city deposits.

Block Club Chicago: Chicago’s Last Black-Owned Bank Got Millions in Government Deposits – Then Had to Give Them Back

As Black-owned banks disappear, politicians are under increasing pressure to save them. Big deposits are a ready solution, but sometimes they burden the banks more than they help.

NextCity: Chicago Finally Getting Serious About Where It Deposits City Cash

By Oscar Perry Abello, September 14, 2021 The audit’s arrival at the end of August is timely, as Chicago City Council is set to vote today on a measure that would update and strengthen Chicago’s…

Tracking Chicago’s Business Bucks: Commercial Lending and the Chicago Municipal Depository Ordinance

Author: Flax-Hatch, David Summary This report describes a project conducted by the Woodstock Institute which was designed to evaluate the Chicago Municipal Depository Ordinance’s commercial lending data and to use it as a model for…

Leveraging Housing Investments with Linked Deposits: The East Humboldt Park Mortgage Loan Program

Author: Revere, Elspeth Summary During the late 1960’s the State of Illinois, followed by other states and municipalities around the country, began to develop procedures for depositing public funds in financial institutions to further public…

Who uses the Community Lending Fact Book?

People use the Community Lending Fact Book and companion Data Portal to monitor and manage lending activity and ensure each neighborhood can access affordable and responsible credit to help create and maintain a healthy economy.

Comments on Chicago 5-year Housing Plan

Woodstock Institute’s Housing Accessibility/Aging in Place Comments on Chicago 5-year Housing Plan What key issues or concerns should the City consider as it establishes priorities and objectives for citywide housing needs over the…

Federal Proposal Puts Billions in Community Development Investments at Risk

For Immediate Release: July 31, 2026 Contact: Robert Mayo | hello@woodstockinst.org CHICAGO – Today, two federal agencies released a proposed rule that would dramatically reduce community development lending and investment requirements for banks with less than $10 billion in assets—about 96% of all banks. These longstanding requirements incentivize banks…

Statement: Rodney E. Hood appointed as Acting Comptroller of the Currency

Comptroller Hood brings extensive experience in community reinvestment to the Office of the Comptroller of the Currency The U.S Department of the Treasury appointed Rodney E. Hood as Acting Comptroller of the Currency. Prior to…

The Best Little Deal in Banking (Money)

December 2007 Carolyn Bigda HIGHLIGHT: Credit unions offer sweet deals on credit cards, low rates on auto loans, the best CD rates in the business and heaps of personalized services. And yes, you too can…

Lower-Income and Minority Communities Still Can’t Find a Bank Branch

FOR IMMEDIATE RELEASE Contact: Geoff Smith, Project Director (312) 427-8070 Nowhere to Bank: Despite Expanding Branch Networks and Strong Deposit Potential, Lower-Income and Minority Communities Still Can’t Find a Branch [Chicago] – The recent boom…

Woodstock Institute Co-Hosts First International Community Reinvestment Legislation Conference

FOR IMMEDIATE RELEASEContact: Malcolm Bush, President, Woodstock Institute (312) 427-8070 Andre Urani, Executive Director, Institute for Studies on Work and Society, Rio de Janeiro 011 55 21 3235 6315 Woodstock Institute Co-Hosts First International Community…