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.
Woodstock Institute co-leads the Illinois Community Reinvestment Act Coalition with Housing Action Illinois. The coalition submitted a letter with 32 organizations signed on to comment on the Illinois Department of Financial and Professional Regulation’s (IDFPR) Advance Notice of Proposed...
Illinois has a historic opportunity to ensure state banks, state credit unions, and mortgage companies invest mortgage capital equitably. The ability for the State of IL to hold all lenders accountable for the impact they have on the residents...
Woodstock Institute signed on to a letter led by the National Consumer Law Center (NCLC) requesting that the US Department of Housing and Urban Development (HUD), the US Department of Veterans Affairs (VA) and the US Department of Agriculture...
A city neighborhood isn’t merely a hodgepodge of housing and businesses. It’s an amalgam of anchoring entities that keep it alive and thriving, that gives it a defining sense of community. Those anchors include schools, of course. Churches. Parks....
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 Responsible Banking Ordinance and...
By Claudia Morell and Linda Lutton, September 14, 2021 “…In addition to providing lending data, banks would have to provide an annual racial breakdown of their staff, something that’s already required of many companies that do business with the...
CRA reform efforts must address the fact that federal regulators have rated 95% of banks Satisfactory or better even though data show fewer regulated lenders meeting the law's goals.
Last year, millions of Americans rediscovered the importance of home. Besides safe havens, their homes became makeshift offices, schools, theaters and gyms— and the centers of family life like never before. A home is more than a place of...
Woodstock and fellow Chicago affordable housing advocates have been working with Ald. Harry Osterman (48th Ward) on a Lending Equity Ordinance (LEO), which was recently introduced in City Council.