From: Jim Knight [mailto:jknight@jubileehousing.org]
Sent: Monday, September 20, 2004 8:23 AM
To: Comments
Subject: Community Reinvestment 12 CFR Part 345
Please accept this letter in opposition of the proposed changes
in the Community Reinvestment policy, 12 CFR Part 345. The current
expectations existing for FDIC instituitions are already minimal.
It would be unacceptable to further weaken these requriements by
reducing the number of lending institutions that are accountable
to them.
Please instead consider ways to require even more investment in
low-income areas, particularly in ecomomic development initiatives
and affordable housing. Our commuities need active investments
in all income ranges to insure a healthly and thriving atmosphere.
Please do not weaken the expectations already in place.
Jim Knight
Executive Director
Jubilee Housing, Inc.
Washington, DC
