From: Gretchen Maneval [mailto:GManeval@FIFTHAVE.ORG]
Sent: Thursday, September 16, 2004 5:23 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. The Fifth Avenue Committee has been building
affordable housing in Brooklyn, New York for 26 years. Our development
capacity and funding would be greatly impaired if the CRA requirements
changed.
Gretchen Maneval
Director of Housing Development
Fifth Avenue Committee
718-857-2990x58
gmaneval@fifthave.org
