FDIC Federal Register Citations
Hyattsville Community Development Corporation
From: lmcgrath@verizon.net [mailto:lmcgrath@verizon.net]
Sent: Thursday, October 14, 2004 3:18 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
10/14/04 3:17:41 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,
Hyattsville Community Development Corporation, 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
5
years, Hyattsville CDC has helped improve 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 withdraw its
proposed rule Sincerely,
Laura E. McGrath
Hyattsville Community Development Corporation
4016 Hamilton Street
Hyattsville, MD 20781
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