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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

 

From: James Coles
Sent: Thursday, September 16, 2004 2:52 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

I oppose the FDIC's proposal to allow banks with assets about $250 million to be examined as small banks under the Community Reinvestment Act. This policy would reduce lending, investments and services in low-income communities. Proactive partnerships with banks are key to produce affordable housing, especially in an environment with rapidly increasing construction costs and shrinking local government budgets. This has been our experience as a nonprofit affordable housing developer. Limiting the scope of the CRA regulation would be a negative blow to providing opportunity for housing in working class communities.

Sincerely
James Coles, Project Manager
Resources for Community Development
Berkeley, CA



 

Last Updated 09/21/2004 regs@fdic.gov

Last Updated: August 4, 2024