From:
Martha Coven [mailto:mbcoven@hotmail.com]
Sent: Friday, September 24, 2004 3:34 PM
To: Comments
Subject: Please Do Not Weaken the CRA RIN number 3064-AC50
Martha Coven
2911 29th St NW
Washington, DC 20008
September 24, 2004
Federal Deposit Insurance Commission
Dear Federal Deposit Insurance Commission:
As a resident of Washington, D.C. -- one of the areas that will
be most
affected by this harmful proposal -- I am writing to express my deep
concern about it.
Despite the successes
of community development locally and nationally, the
banks and thrift institutions that provided the loans, services,
and investments to build new homes, businesses, and community
facilities may
no longer have the impetus to do so if the FDIC raises the comprehensive
CRA exam threshold.
I agree with the National
Congress for Community Economic Development that this proposed
change would have a devastating effect
on affordable housing
and community development investment throughout the nation.
