North Lawndale Economic Development Corporation v. Board of Governors of the Federal Reserve System

Petitioner is a Delaware corporation authorized to do business in Illinois. It is engaged in the business of making investments to promote the community welfare and development of the Midwest Impact Area, an area characterized by high unemployment and substantial poverty on the west side of Chicago. These investments include an industrial park, a shopping mall, a thousand bed mixed-use health care facility, property management, a broadband telecommunications system and other investments in projects to construct and rehabilitate low and moderate income housing. It also wishes to acquire a bank…