FDIC Federal Register Citations

Housing Development Corp. of Northwest Oregon

From: Linda Netherton [mailto:lnetherton@farmworkerhousing.org]
Sent: Thursday, September 16, 2004 7:02 PM
To: Comments
Cc: Doug Longhurst
Subject: Opposing the rule changing CRA regs

September 16, 2004
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 Re RIN 3064-AC50:

On behalf of our community board of directors and staff, I heartily oppose the proposed rule changing the Community Reinvestment Act regulations. The proposed changes will really undermine rural communities, which are the most disadvantaged in the nation, and which have the fewest housing resources invested compared with urban areas. Leaders of these communities often tell us that affordable housing by community development organizations like ours offer the nicest, most affordable housing available, and helps smaller rural communities set the tone for further economic development. Please do not adopt this rule.

Respectfully,

Linda Netherton, JD, CFRE, Co-Executive Director
Housing Development Corp. of Northwest Oregon
220 SE 12th Ave., Suite A-100
Hillsboro, OR