FDIC Federal Register Citations

From: Ronda Scott [mailto:rondacrossscott@hotmail.com]
Sent: Tuesday, September 07, 2004 9:09 AM
To: Comments
Cc: rondacrossscott@hotmail.com
Subject: Community Reinvestment RIN3064-AC50

Please accept these comments from Forrest Avenue Community Center, Inc., a minority-based nonprofit organization in rural, south Georgia.

We have been working under extreme obstacles from local banks with our efforts to eliminate substandard housing. To further eliminate rules and regulations concerning the Community Reinvestment Act is a "slap in the face" for low-income communities.

You may visit the Afro-American communities of Homerville (Clinch County) Georgia anytime (perhaps in a 60 Minutes segment or CNN segment). CRA criteria should be strengthened, not weakened.

It's hard enough being minority, low-income, disadvantaged, and "over-collaterized" for every bank loan. Local banks of interest: People's Bank/Homerville GA and Clinch Banking Company/Homerville GA. Although these banks CRA reports show acceptable ratings-- THIS IS NOT ACCURATE!!