From:
Phil Lord [mailto:plord@tagaction.net]
Sent: Tuesday, October 05, 2004 10:04 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I have been an housing advocate for the last 30 years. During that
time the CRA has played a crucial role in encouraging the financing
of affordable housing and community based development. Reducing the
scope of financial institutions covered under the act would be a
serious mistake.
The key question is not the assets of the institutions covered but
their accessibility and accountability to the variety of communities
in need. Please do not increase the asset exemption for otherwise
qualifying institutions.
Phil Lord
Tenants' Action Group
21 South 12th Street 12th Floor
Philadelphia PA
