From: R&L trunk [mailto:myworld@gbis.com]
Sent: Sunday, September 05, 2004 8:56 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
Citizens for Affordable Homes, Inc., is Nevada’s leading builder of
Self-Help Single families homes for low and very-low income families.
The Community Reinvestment Act is critical to the existence of our
organization. Over 30% of our funding is derived from community
financial institution partners. We oppose any increase to the threshold
of what is considered to be a small bank. The proposed FDIC rule would
exempt most all of our community partners from the effective and
productive requirements currently in place. The rule change in
conjunction with other proposed rule changes by HUD and USDA/Rural
Development would drastically curtail the construction of self-help
homes. The administrations current policy is to build more homes for
minorities. We currently serve over 45% of our homebuilders of Hispanic
origin. The Community Reinvestment Act partners in Nevada currently
supply funding for our administrative staff. We strongly urge FDIC to
withdraw its proposed rule change immediately.
Ron Trunk
Chief Executive Officer / Executive Director
Citizens for Affordable Homes, Inc.
775-883-7101
