From: Habitat for Humanity [mailto:tetonhabitat@yahoo.com]
Sent: Wednesday, September 15, 2004 4:33 PM
To: Comments
Subject: RIN 3064-AC50
Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429-9990.
Re: RIN 3064-AC50
Gentlemen:
I strongly oppose the proposed rule changing the Community
Reinvestment Act regulations. In my opinion, it will undermine
affordable housing and community and economic development, especially in
rural communities.
CRA has been a powerful impetus for community development loans,
investments and services, benefiting low- and moderate-income persons.
With government subsidies drying up, now is not the time to eliminate
regulatory incentives for private capital to leverage scarce subsidy
dollars.
Please do not adopt this rule.
Respectfully,
Theresa Marino
P.O. Box 661
Victor, ID 83455
