From: Community Housing
Sent: Thursday, August 26, 2004 12:59 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
We work with small communities and are afraid that the proposed
rule would exempt the banks we work with for affordable housing from
CRA regulations. It is my understanding that 25 of the 30 banks in
Kentucky now required to participate would be exempt under the proposed
regulations. This would, in effect, emasculate the CRA requirement.
Please consider withdrawing the proposed rule.
Brenda Rice, CEO
Community Housing, Inc.
P.O. Box 535, 20 Court St.
Winchester, KY