FDIC Federal Register Citations

From: Nick Cardoso [mailto:ncardoso@unitedhomesintl.com]
Sent: Wednesday, September 15, 2004 3:51 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

TO WHOM IT MAY CONCERN:
The CRA is a critical component to Florida's affordable housing and community development solutions. Currently, there are many forces working against the feasibility of affordable housing including, but not limited to the low interest rate environment and the booming real estate environment, which work against some of the financing vehicles used for affordable housing, such as bonds. Also, the Governor's redution of SHIP funds, which was created specifically for affordable housing. Plus, the increased scarcity in land and the value at which the land can be purchased. I oppose any increase to the threshold of what is considred to be a small bank, this would be yet another set back to the feasibility of affordable housing at a time when the need is so great. The proposed FDIC rule would exempt many of our community's critical partners from the effective and productive requirements currently in place. I urge the FDIC to withdraw its prosed
rule.

Nicholas Cardoso
United Homes International
(305) 558-2600