The bill on which we have spent the most time this session is SB 2804, and we have worked closely with our ally, the Illinois Asset Building Group. The bill, which is sponsored by Senator Daniel Biss, would amend...
20160318 Dory Rand NCRC.pdf Presented by Dory Rand at the 2016 National Community Reinvestment Coalition conference in Washington, DC.
Woodstock was pleased to lead a large and diverse delegation of NCRC members and nonprofit leaders from Illinois on Capitol Hill visits with our Illinois elected officials as part of NCRC’s largest and most successful 25th anniversary conference. We...
Despite the fact that the Federal Housing Finance Agency, the organization that held mortgages on about 258,000 properties in Chicago, is exempt from the registration requirement, the amendment has resulted in an increase of over 2,100 buildings registered as...
Comparing the Chicago vacant building dataset with HUD/USPS data shows substantial differences in the number of units reported, although those may be largely the result of the differences in the reporting criteria for the two datasets. Despite the differences...
The Qualified Mortgage (QM) Rule went into effect January 10, 2014, and appears to have impacted lending practices by parsing out some potential applicants who had reduced chances of approval under QM before they even submitted an application. This...
Comment Letter to Senator Mark Kirk in Opposition to the SAVERS Act of 2016 In this comment letter, Woodstock Institute and its allies express opposition to the SAVERS Act of 2016 on the grounds that it would preserve the...
We are further excited to announce that the evening’s program will be honoring Accion Chicago, highlighting the organization’s hard-won successes in community lending. As a community development financial institution, Accion Chicago’s work has long expanded access to safe capital...
Letter to OCC re West Garfield Park Chase branch.pdf Woodstock expresses deep concerns over the closure of Chase Bank’s closure of a branch in West Garfield Park, a majority minority, low-income community. Woodstock believes that the completeness and substance...
“It requires banks that have the benefit of FDIC insurance for deposits, to affirmatively serve the credit needs of people in their area, including specifically the needs of low and moderate income people,” said Dory Rand, President of Woodstock...