FDIC Federal Register Citations

From: Mark Angelini [mailto:MAngelini@shaw-co.com]
Sent: Wednesday, October 13, 2004 4:59 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

Having worked to develop a 55-acre mixed-income community in a then-impoverished and under-invested community in Chicago (the North Lawndale neighborhood), I am writing to opposed the proposed rule to allow banks with assets greater than $250 million to be examined as “small banks” under the CRA. The CRA was a powerful incentive to get large, money-center banks to make the construction loans and home mortgages necessary to the success of our company’s Homan Square project. The proposed rule would be a terrible blow to what has been the most successful federal program in combating urban blight and neighborhood disinvestment.

Mark A. Angelini
Vice President
The Shaw Company
2001 York Road, Suite 550
Oak Brook, IL 60523
630.990.8375
630.990.8940 (fax)