Federal Deposit
Insurance Corporation

From: Faheem Hameed [mailto:fhameed@cdcagh.org]
Sent: Wednesday, October 20, 2004 5:06 PM
To: Comments
Cc: info
Subject: SPAM::Opposition to CRA

Dear Mr. Feldman:

I am a representative of the CDC Association of Greater Houston and am strongly opposed to your proposal to significantly weaken the CRA. You propose much easier CRA requirements for banks between $250 million and $1 billion in assets. This proposal will result in much fewer homes and small business loans to low- and moderate-income borrowers and much fewer community development loans and investments in low- and moderate-income communities. In addition, you propose that all FDIC-supervised banks can earn CRA points by financing community development projects that benefits affluent residents in rural areas, instead of low- and moderate-income consumers and communities in rural America. This is directly contrary to CRA's focus on meeting credit needs of low- and moderate-income communities. In sum, your proposal to change the CRA regulation will result in much fewer loans, investments, and branches in low and moderate-income communities. Please withdraw your harmful proposal.

Sincerely,

Faheem Hameed
Executive Director
CDC Association of Greater Houston
5445 Almeda Road
Houston, TX 77004