Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Federal Register Publications

FDIC Federal Register Citations



Home Regulation & Examinations Laws & Regulations FDIC Federal Register Citations


   


FDIC Federal Register Citations

Foundation Communities

From: Walter Moreau [mailto:Walter.Moreau@Foundcom.org]
Sent: Monday, October 18, 2004 3:15 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I am writing to express our opposition to the proposed rule change which would weaken the Community Reinvestment Act. The Community Reinvestment Act has played a pivotal role in “green lining” investment in neighborhoods and communities that have often suffered from dis-investment. Please do not mess with something that is a positive force for change in the field of community development. CRA is an important tool to encourage lending institutions – large and small – to invest in their whole community.

Foundation Communities is dedicated to creating housing where families succeed. We are a private, nonprofit organization serving Austin, Arlington, and Carrollton, Texas. We provide high quality, service enriched housing to over 2,000 families each year.

Please do not pass the proposed rule and weaken CRA.

Sincerely,

Walter Moreau
Executive Director
Foundation Communities


 

 


Last Updated 11/10/2004 regs@fdic.gov

Last Updated: August 4, 2024