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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations


NEW ARIZONA FAMILY, INC.

From: Maryann Beerling Thomas [mailto:mbthomas@nafi.us]
Sent: Tuesday, September 28, 2004 7:24 PM
To: Comments
Cc: Donald Taylor
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom It May Concern:

The proposed CRA rule changes would have a devastating effect on affordable housing investment in Arizona and elsewhere. This proposal would eliminate the CRA exam threshold, from 45 of the 50 institutions in Arizona. This would dry up the business now occurring in low-income communities and put an inordinate demand on the remaining five financial institutions that would still have the CRA exam threshold obligation. This comes at a time when the affordable housing industry is a major player in the Arizona market establishing emergency housing,and transitional and permanent apartment housing as well as single family housing. I believe that changes to the CRA requirements would have an adverse affect on the affordable housing industry and in turn on the Arizona economy. We do not support the proposed changes.

Maryann Beerling Thomas, Director
Planning & Development
New Arizona Family, Inc.
4222 East Thomas Road, Suite 150
Phoenix, Arizona 85018
602-553-7336 Office
480-241-1928 Cell

Last Updated 10/07/2004 regs@fdic.gov

Last Updated: August 4, 2024