From: Hayes, John [mailto:jhayes@openingdoors.org]
Sent: Thursday, September 16, 2004 4:20 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I oppose the FDIC's proposal to allow banks with assets above $250
million to be examined as small banks under the Community Reinvestment
Act. This policy would reduce lending, investments and services in
low-income communities. It would certainly reduce our ability to
leverage loans for residents of assisted housing under our homeownership
programs.
John G. Hayes, Ph.D., CPP
Deputy Director for Planning & Program Development
Chattanooga Housing Authority
PO Box 1486
Chattanooga, TN 37401
(423) 752-4176 Voice
(423) 752-4462 Fax
(423) 605-7800 Mobile
jhayes@openingdoors.org
