Famicos Foundation
From:
Alice Wilkerson [mailto:awilkerson@famicos.org]
Sent: Friday, September 24, 2004 4:11 PM
To: Comments
Subject: FDIC
September 23, 2004
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,
Famicos Foundation, 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.
Cleveland, Ohio:
The Community Reinvestment Act is a critical component of our community’s
affordable housing and community development solutions. For the
past 35 years, Famicos Foundation has built over
700 homes and helped to create many jobs, improving the lives of
low- and moderate-income families in our community. 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 to withdraw
its proposed rule.
Sincerely,
De’Neitra
Bryant
Famicos Foundation
|