From: Caroline Horton
Sent: Monday, September 13, 2004 10:44 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
The Community Reinvestment Act is a critical component to our community's
affordable housing and community development solutions. We oppose
any increase to the threshold of what is considered to be a small
bank. The proposed FDIC rule would exempt many of our community's
critical partners from the effective and productive requirements
currently in place. With public resources dwindling, now is not the
time to eliminate regulatory incentives for private capital to leverage
scarce public dollars. We urge FDIC to withdraw its proposed rule.
Caroline Horton
Vice President, Asset Management and Finance
Central Community Housing Trust
1625 Park Avenue, Minneapolis, MN