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Gale Cincotta (December 28, 1929 – August 15, 2001), a community activist from the Austin neighborhood of Chicago, led the national fight for the US federal Home Mortgage Disclosure Act (HMDA) of 1975 and the Community Reinvestment Act (CRA) of 1977. [1] The CRA requires banks and savings and loans to offer credit throughout their entire ...
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Pan American Bank & Trust was established in 1995 and was acquired by American Bancorp. of Illinois, Inc. in 2007. [8]Pan American Bank & Trust has been designated as a Community Development Financial Institution (“CDFI”). [9]
The Chicago Community Trust. The Chicago Community Trust (the Trust) is the community foundation serving Chicago, suburban Cook County, and the Illinois counties of DuPage, Kane, Lake, McHenry, and Will. Established on May 12, 1915, it is the second largest community foundation in the country as of 2020, with assets of more than $4.5 billion.
CCLF was founded in 1991 by a small group of Chicago investors, with an initial investment of $200,000. It has since grown to more than $21 million in total capital under management. [4] The fund's loan history comprises 160 loans totaling over $36 million. [5] The fund has been led by executive director Calvin Holmes since 1998.
Saul David Alinsky (January 30, 1909 – June 12, 1972) was an American community activist and political theorist.His work through the Chicago-based Industrial Areas Foundation helping poor communities organize to press demands upon landlords, politicians, bankers and business leaders won him national recognition and notoriety.
Woods Fund of Chicago. The Woods Fund of Chicago is a private independent foundation in Chicago, whose goal is to increase opportunities for less-advantaged people and communities in the Chicago metropolitan area, including the opportunity to shape decisions affecting them. The Woods Charitable Fund was incorporated in Nebraska in 1941 by Frank ...
ShoreBank. ShoreBank was a community development bank founded and headquartered in Chicago. At the time of its closing it was the oldest and largest such institution, and in 2008 had $2.6 billion in assets. [1] It was owned by ShoreBank Corporation, a regulated bank holding company. ShoreBank had branches in Chicago's South and West sides ...