Jamaica
Plain Neighborhood Development Corporation
From: Jen Faigel [mailto:jfaigel@jpndc.org]
Sent: Friday, September 17, 2004 11:17 AM
To: Comments
Subject: Community Reinvestment Act
The Jamaica Plain
Neighborhood Development Corporation of Massachusetts would like
to express
our strong opposition to the FDIC's proposal
to allow banks with assets over $250 million to be examined as "small
banks" under the Community Reinvestment Act.
The Community Reinvestment Act has been essential to our work in
providing affordable housing and supportive services to low-income
families. Such a change in policy would severely threaten our work
and only exacerbate the already substantial need for lending, investments
and services in low-income communities.
We urge the FDIC not to amend Community Reinvestment 12 CFR Part
345.
Jennifer Faigel, Community Development Director
Jamaica Plain Neighborhood Development Corporation
31 Germania Street
Jamaica Plain, MA
