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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.
The original Chicago, Rock Island and Pacific Railroad ( CRI&P RW, sometimes called Chicago, Rock Island and Pacific Railway) [1] ( reporting marks CRIP, RI, ROCK) was an American Class I railroad. It was also known as the Rock Island Line, or, in its final years, The Rock . At the end of 1970, it operated 7,183 miles of road on 10,669 miles of ...
Blue Line (CTA) The Blue Line is a 26.93-mile-long (43.34 km) Chicago "L" line which extends through The Loop from O'Hare International Airport at the far northwest end of the city, through downtown via the Milwaukee–Dearborn subway and across the West Side to its southwest end at Forest Park, with a total of 33 stations (11 on the Forest ...
The Chicago Transit Authority ( CTA) is the operator of mass transit in Chicago, Illinois, United States, and some of its suburbs, including the trains of the Chicago "L" and CTA bus service. In 2023, the system had a ridership of 279,146,200, or about 908,400 per weekday as of the fourth quarter of 2023. The CTA is an Illinois independent ...
Tax increment financing. Tax increment financing ( TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been ...
A collision between two commuter trains in Chicago occurred during the cloudy morning rush hour on October 30, 1972, and was the worst such crash in Chicago's history. Illinois Central Gulf Train 416, made up of newly purchased Highliners , overshot the 27th Street station on what is now the Metra Electric Line , and the engineer asked and ...
Red Line (CTA) The Red Line is a rapid transit line in Chicago, run by the Chicago Transit Authority (CTA) as part of the Chicago "L" system. It is the busiest line on the "L" system, with an average of 93,457 passengers boarding each weekday in 2022. [1] The route is 26 miles (42 km) long with a total of 33 stations.