From: Treacy Sayers [mailto:ttc@glenman.com]
Sent: Thursday, September 16, 2004 2:02 PM
To: Comments
Subject: Community Reinvestment 12 CFR Part 345
As a practitioner in the affordable housing arena for over 30 years,
I am seriously concerned about the proposed changes to Community
Reinvestment 12 CFR Part 345. Because of CRA requirements, banks
participation in communities and neighborhoods grew enormously
from the early '70's. This proposed policy change would set us
back to those times and would most surely reduce lending, investments,
and services in lower income communities.