For All Points-Of-The-View.
As many of you know, the Municipal Depository Ordinance passed through the council in September 2016. This ordinance requires banks holding taxpayer dollars—Municipal Depositories—to sign and submit a commitment to community reinvestment through an affidavit and to disclose their lending practices in Chicago's neighborhoods.All Municipal Depositories but 2 have submitted the original affidavit of commitment. The remaining 2 have refused to pledge their commitment to providing banking services and accessibility to Chicago's low and moderate income neighborhoods.On Wednesday, April 5th, we will be publicly calling on these 2 banks to sign the pledge and remain committed to serving our communities. PLEASE JOIN THEM in advocating for our neighborhoods?We hope to see you there!Best,On behalf of myself as Chairman of National Black Wall Street Chicago and Chairman of Otis Monroe's Monroe Foundations Community Reinverstment Organizing Project, we are both PLEASED at this most significant progress for the over 10 years or more of our long time grassroots public policy advocacy that we and so many community banking allies worked locally and regionally on REAL accountability with former City and State Treasuers and community on ACCOUNTABILITY for the MULTI MILLIONS of our own city tax dollars held in local banks and its commitment to COMMUNITY REINVESTMENT from those local banks in our communities that are MUNICIPAL DEPOSITORIES of our tax dollars!!!!We offer our joint public congratulations to City Treasurer Kurt Summers after SO MANY YEARS of grassroots work, for leading the effort to FINALLY getting the Municipal Depository Ordinance passed through the Chicago City Council in September 2016.!!! AND we both strongly encourage our community banking allies to SHOW their public support of City Treasurer Kurt Summers on this major COMMUNITY ECONOMIC EMPOWERMENT public policy issue which could bring multi millions of reinvestment dollars into our Black and urban communities!! God bless(Mark Allen)