Federal Deposit
Insurance Corporation

From: Elizabeth Albert [mailto:balbert@fairhousingmontco.org]
Sent: Wednesday, October 20, 2004 2:32 PM
To: Comments
Subject: Comments: Community Reinvestment12 CFR Part 345.

Comments: Community Reinvestment12 CFR Part 345.
The Fair Housing Council of Montgomery County strongly opposes the proposed changes in the definition of “small banks” because we believe it will undermine lending and investment in many of our small cities and towns and rural communities.

The CRA should not treat rural areas, as the proposed changes do, as if they are immune to affordable housing problems. The FDIC should provide a community development framework with emphasis on targeting the most resources to the lowest income areas and households and assisting affordable housing developers.

Thank you for considering this comment.

Beth Albert
Executive Director
Fair Housing Council of Montgomery County
105 E. Glenside Ave E
Glenside, PA 19038
215-576-7711 phone
215-576-1509 - fax