FDIC Federal Register Citations
From: rmontequin@whdc.org [mailto:rmontequin@whdc.org]
Sent: Thursday, October 14, 2004 9:43 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
10/14/04 9:42:34 AM
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW
Washington, DC 20429
RE: RIN 3064-AC50
Dear Mr. Feldman:
I am writing to request that you to withdraw your proposed changes to
the Community Reinvestment Act (CRA) regulations. My organization,
Wesley Housing Development Corporation, knows firsthand that the CRA has
been instrumental
in increasing homeownership, boosting economic development, and
expanding small businesses in the nation’s low- and moderate-income
communities.
I am writing to request that you to withdraw your proposed changes to
the
Community Reinvestment Act (CRA) regulations. My organization, Wesley
Housing Development Corporation of Northern Virginia, knows firsthand that
the CRA has been instrumental in increasing increasing the stock of rental
affordable housing, homeownership, boosting economic development, and
expanding small businesses in the nation’s low- and moderate-income
communities.
The Community Reinvestment Act is a critical component of the nation's
affordable housing. For the past 30 years, Wesley Housing Development
Corporation of Northern Virginia has provided rental affordable housing
to
over 10,000 families. Our efforts have improved the lives of many. This
would not have been possible without the support from our financial
institution partners.
The proposed FDIC rule
would exempt many of our community’s key
financial
partners from the effective and productive requirements currently in
place. We oppose any increase to the threshold of what is considered to
be
a small bank, and we urge the FDIC to withdraw its proposed rule.
Sincerely,
Rosana M. Montequin
The proposed FDIC
rule would exempt many of our community’s key
financial partners from the effective and productive requirements
currently in place. We oppose any increase to the threshold of what
is considered to be a small bank,and we urge the FDIC withdraw its
proposed rule Sincerely,
Rosana Montequin
Wesley Housing Development Corporation
5515 Chrerokee Avenue, Suite 204
Alexandria, VA 22310
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