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 goals as well as to earn interests. These “linked deposit” programs were initially used by state treasures to place deposits of public funds in banks to reward them for lending for programs which met certain public needs.
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Leveraging Housing Investments with Linked Deposits: The East Humboldt Park Mortgage Loan Program
