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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

Riverside Housing Development Corp.

From: KulpaBruce@aol.com [mailto:KulpaBruce@aol.com]
Sent: Thursday, September 16, 2004 2:11 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

As the Executive Director of a non-profit (501-c3) affordable housing organization, I strongly oppose your intention to "gut" the CRA requirements for banks. Your proposal to examine banks with assets over $250 Million the same way as small banks is ridiculous. It is hard enough now to attract lending, investments, and services to low-income areas!

If you pass this proposal, you will initiate an immediate and dramatic downward slide in our low-income neighborhoods as all lending and bank investment in those areas will completely disappear!

Please do NOT succumb to pressure from banks that are trying to get out of their low-income lending and investing requirements!

Thank you,

Bruce Kulpa - Executive Director
Riverside Housing Development Corp.

 

 

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

Last Updated: August 4, 2024