From: Spencer Bradford [mailto:sbradford@umdurham.org]
Sent: Thursday, September 23, 2004 6:53 PM
To: Comments
Subject: SPAM::Community Reinvestment Act (RIN 3064-AC50)
I strongly object to changes proposed to the Community Reinvestment
Act (CRA). As someone who has worked in organizations serving the
poor for the last decade, I'm aware of how important the CRA has
been to making financing available for affordable homes in rural
areas, as well as building services for those seeking housing. I
oppose the proposal to exempt many banks from CRA provisions, because
it would invite a resumption of redlining and gut the progress achieved
through the CRA.