| NATIONAL AFFORDABLE
HOUSING TRUST From: Ryan
Cassell [mailto:rcassell@naht.org]
Sent: Thursday, September 16, 2004 8:53 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
To whom it may concern:
I urge you to not increase the threshold for enforcing the CRA on
financial institutions to $1 Billion. Doing so will remove significant
numbers of smaller banking institutions from needing to meet the CRA.
The result will be that a lower amount of funding will be available to
industries that try to promote affordable housing. Fewer institutions
will be interested in investing in low-income housing tax credits or
making permanent debt loans, often too small for major banking
institutions to consider, in disinvested community housing projects.
Further, disinvested communities, many of whom are only served by the
smaller financial institutions that will be exempted under the new CRA
proposal, will have their communities wealth drained away.
Neither of these results are acceptable.
Thank you for this opportunity to comment.
Ryan C Cassell
National Affordable Housing Trust
2335 North Bank Drive
Columbus, OH 43220
PH: (614) 451-9929, 116
FAX: (614) 451-3370
A E-MAIL: rcassell@naht.org
"Allow the President to invade a neighboring nation, whenever he
shall deem it necessary to repel an invasion...and you allow him to make
war a pleasure."--Abraham Lincoln
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