From: Robert J. Norris, Jr.
Sent: Wednesday, September 08, 2004 3:24 PM
To: Comments
Subject: RIN 3064-AC50 Comments
To Whom It May Concern
I am opposed to the proposed rule change that would increase the
Asset Threshold for Community Reinvestment Act to $1 Billion. As
a resident of a predominately low income area, I have observed
the benefits of CRA in the development of affordable Housing and
community economic development.
Financial institutions would avoid my neighborhood if not required
to fullfill the CRA obligations. Considering current state of the
national budget the loss of CRA funding would cripple many loan
programs and services benefitting low and moderate income citizens.
Sinserely,
Robert J. Norris, Jr.
21 Pepper Court
Inglewood, CA 90302
