FDIC Federal Register Citations

From: janelle_greene@nhsnyc.org [mailto:janelle_greene@nhsnyc.org]
Sent: Thursday, October 14, 2004 3:20 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

10/14/04 3:20:21 PM

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,
Neighborhood Housing Services , 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 critial component of our community's
affordable housing and community development solutions. For the past 22
years, Neighborhood Housing Services of New York City has impacted the
community by educating and providing lending resources well over 10,000
low-moderate income individuals and families living in under-served
neighborhoods. Without the strong support and collaboration 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,

Janelle Y. Greene
Neighborhood Housing Services
New York, NY 10018