From: Sarah Friesema [mailto:SFriesema@ahainc.org]
Sent: Thursday, September 16, 2004 2:26 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
I oppose the FDIC's proposal to allow banks with assets above $250
million to be examined as small banks under the Community Reinvestment
Act. This policy would reduce lending, investments and services in
low-income communities.
The Community Reinvestment commitments of banks are an important part
of the funding for affordable housing, and without it the activities of
developers to provide communities with affordable homes will be severely
curtailed. This will adversely effect low-income families and
individuals who badly need decent places to live that they can afford.
Sarah Friesema
Associate Fund Development Director
Affordable Housing Associates
1250 Addison Street, Suite G
Berkeley, CA 94702
510-649-8500 ext. 26
www.ahainc.org
