From: hanzlikgreen@wisc.edu [mailto:hanzlikgreen@wisc.edu]
Sent: Tuesday, October 19, 2004 10:19 PM
To: Comments
Subject: RIN 3064-AC50
Re: Preserving the Community Reinvestment Act Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS Federal Deposit Insurance Corporation 550 17th
Street NW Washington, DC 20429 Dear Mr. Feldman: I am a socially responsible
investo who is aware of the vital role played by CDFIs in revitalizing
communities through affordable housing and small business startups. The
Community Reinvestment Act provides banks with an important incentive to
work with CDFIs and provide vitally needed capital to struggling
communities. Please withdraw the FDIC’s rule proposal that would allow
midsize banks to pursue only one of the three important community
development activities they are now required to undertake: lending,
investment, and services. This misguided rule would inappropriately reduce
support for the essential work of CDFIs, resulting in fewer jobs, fewer
affordable homes, and fewer community services. Thank you for your
consideration, Christie Hanzlik-Green, PhD Candidate, University of
Wisconsin-Madison
