From: Harold Julifs [mailto:hwjulifs@essex1.com]
Sent: Wednesday, September 15, 2004 9:26 PM
To: Comments
Subject: RIN 3064-AC50
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, D.C. 20429
RE: RIN 3064-AC50
Gentlemen:
I strongly oppose the proposed rule changing the Community
Reinvestment Act. I live in a rural community that has problems with
affordable housing. To change this rule by "upping" the limits for
eligibility for CRA would do great damage to low-middle income
homebuyers and entrenpreneurs. Rural areas would have no real protection
against whatever practices banks wish to use. CRA was begun to protect
those unable to get credit and banking services just because of where
they lived. Should this rule change, rural areas and their occupants
will again be at the mercy of whatever banks wish to do as, with the
proposed limits, virtually no banks would be under CRA. Please do not
adopt this rule.
Sincerely,
Sandra Julifs
40 Carriage Hill Drive
Sterling, IL 61081
