FDIC Federal Register Citations

CITY OF SAN CLEMENTE

From: Davis, Leslie [mailto:DavisL@san-clemente.org]
Sent: Thursday, September 16, 2004 3:01 PM
To: Comments
Subject: Community Reinvestment Act - RIN3064-AC50

City of San Clemente
Community Development Department – Housing Division

9/16/04

From: Leslie Davis, Housing Coordinator

To: FDIC

RE: Community Reinvestment Act The City of San Clemente has worked with many small non-profit developers accessing funds from small banks and CDFI’s purchasing land and properties for our affordable housing program. 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 providing more housing to low income households in San Clemente. I urge FDIC to withdraw its proposed rule. Leslie Davis, Housing Coordinator
City of San Clemente