From: Stevedarley@aol.com [mailto:Stevedarley@aol.com]
Sent: Thursday, September 16, 2004 4:32 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Good Afternoon
I am writing to oppose the FDIC's proposal to allow banks with assets
above $250 million to be treated the same as smaller banks under the
Community Reinvestment Act. The construction industry and particularly
smaller contractors which specialize in smaller more affordable projects
need the larger banks to be responsive to our lending needs. We do work
in low income communities and try to provide affordable housing
opportunities in suburban areas. We do not want to see any rule
promulgated which would reduce the incentives of lenders to invest in
affordable housing in low income communities.
Stephen Darley
New Haven Construction Corporation
780 East Main Street
Branford, CT 06405
