Federal Deposit
Insurance Corporation

From: rona@hcscorp.com [mailto:rona@hcscorp.com]
Sent: Thursday, October 14, 2004 1:26 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

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, Housing and Community Services, Inc., 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.

The Community Reinvestment Act is a critical component of our community’s affordable housing and community development solutions. Without the partnership of our banking institutions, our work to provide low-inccome housing would lose a vitat partner in our work. Our nonprofit has been in business for 10 years and in that time we have preserved 1,484 units of afforeable housing. Without strong support from our financial institution partners, this work would not have been possible.

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,

Ron Anderson
Housing and Community Services, Inc.
301 South Frio, Suite 480
San Antonio, TX 78207