FDIC Federal Register Citations

Boulder Housing Partners

From: johnsonw@ci.boulder.co.us [mailto:johnsonw@ci.boulder.co.us]
Sent: Thursday, October 14, 2004 11:54 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

10/14/04 11:54:23 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,
Boulder Housing Partners, 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 30
years, Boulder Housing Partners has built 1500 homes supporting vital
service employees and low income members of our community. We work closely
with our community financial institutions, and their support is critical
to accomplishing our mission.

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,

Willa Johnson
Boulder Housing Partners
4800 Broadway
Boulder, CO 80304