The “Invest in Boston” ordinance will ensure that the City of Boston’s money is invested in banks that invest in Boston.  It will help stimulate the local economy by providing incentives for financial institutions to offer affordable loans to qualified home buyers and small businesses to gain the City of Boston’s deposits.  Another main component of this ordinance is increased consumer protection such as preventing city depository institutions from engaging in discrimination, excessive interest rates, and predatory lending.  When banks invest in Boston, we will see more jobs, a stronger housing market and revitalized small business districts.