GREATER FROGTOWN COMMUNITY DEVELOPMENT CORPORATION
From: Kris Graham [mailto:kris.gfcdc@integraonline.com]
Sent: Thursday, September 16, 2004 5:19 PM
To: Comments
Subject: Community REinvestment Act
It has been brought to my attention that this requirement for local
banks is in jeopardy. I am the Executive Director for a Community
Development Company in the lowest income, most diverse (30 languages)
highest crime neighborhood in the City of St. Paul. The Community
Reinvestment requirement is the perfect reason for the local banks to
contribute to our
organization. In the past t 10 years, We have build 70 new homes and
lent funds for home rehab to over 250 homeowners. We are essential to
the health of the housing in the area and need the investment that the
banks make. This really helps a neighborhood like ours. I may not happen
if it is not required. Please keep the requirement for the sake of
communities like ours throughout the nation. Thank You Kris Graham
651-848-2026 The Greater Frogtown Community Development Corporation
