10/14/04 4:14:50 PM
Mr. Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th St. NW
Washington, DC 20429
RE: RIN 3064-AC50
Dear Mr. Feldman:
I am writing to request that you to withdraw your proposed changes to
the Community Reinvestment Act (CRA) regulations. My organization,
W.W. Samuell High School, knows firsthand that the CRA has been
instrumental
in increasing homeownership, boosting economic development, and
expanding small businesses in the nation’s low- and moderate-income
communities.
The Community Reinvestment Act is a critical component of our community’s
affordable housing and community development solutions. For the past 15
years, [SouthFair CDC] has built 700 units of muti-family homes and helped
to create 100 jobs, improving the lives of low- and moderate-income
families in our community. Without strong support from our financial
institution partners, this work would not have been possible.
The proposed FDIC rule would exempt many of our community’s key financial
partners from the effective and productive requirements currently in
place. We oppose any increase to the threshold of what is considered to
be
a small bank, and we urge the FDIC to withdraw its proposed rule.
Sincerely,
Michele Andy, W.W. Samuell High School
The proposed FDIC rule would exempt many of our community’s key
financial partners from the effective and productive requirements
currently in place. We oppose any increase to the threshold of what
is considered to be a small bank,and we urge the FDIC withdraw its
proposed rule Sincerely,
Michele Andy
W.W. Samuell High School
P.O. Box 41374
Dallas, TX 75241
