FDIC Federal Register Citations
Catholic Charities of Brooklyn and Queens
From: salbpop@ccbq.org [mailto:salbpop@ccbq.org]
Sent: Friday, October 15, 2004 11:38 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
10/15/04 11:38:04 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,
Catholic Charities of Brooklyn and Queens, 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. For the past 25
years, Catholic Charities of Brooklyn and Queens has built nearly 3,000
units of affordable housing, improving the lives of low- and
moderate-income families in Brooklyn and Queens. 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,
Susan Albrecht
Catholic Charities of Brooklyn and Queens
191 Joralemon Street
Brooklyn, NY 11201
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