From: Colleen Berg [mailto:colleen@lummiislandclt.org]
Sent: Sunday, September 19, 2004 12:34 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Dear FDIC Decision and Policy Makers,
Lummi Island Community Land Trust is a SMALL non-profit low income
housing organization dedicated to assisting low-income community members
secure affordable housing. Please consider organizations such as ours
when creating policies that could have devastating effects such as the
one now before you.
LICLT opposes the FDIC's proposal to allow banks with assets above
$250 million to be examined as small banks under the Community
Reinvestment Act. This policy would reduce lending, investments and
services in ours' and other low-income communities. The current policies
have enormous leverage in providing our economically disadvantage
citizens opportunities they would otherwise not have. Thank you.
___
Colleen Berg
Lummi Island Community Land Trust
PO Box 47, Lummi Island WA 98262
ph: 360-758-9925 fx: 360-758-9927
