From: Martha Solish
Sent: Tuesday, August 24, 2004 12:54 AM
To: Comments
Subject: community reinvestment -- rin 3064-ac50
The Community Reinvestment
Act is a critical component to our community’s
affordable housing and community development solutions. We oppose
any increase to the threshold of what is considered to be small bank.
We are located in a smaller municipality in Massachusetts. We provide
homebuyer counseling and downpayment assistance to low and moderate
income households to allow them to become homebuyers. More than half
of our lending partners would likely discontinue participation in
our programs under the proposed FDIC rule. We strongly urge FDIC
to withdraw this proposed rule.
