FDIC Federal Register Citations

Davis Area Cooperative Housing Association

From: DThompCOOP@aol.com [mailto:DThompCOOP@aol.com]
Sent: Thursday, September 16, 2004 2:04 PM
To: Comments
Cc: lukewatkins@sbcglobal.net
Subject: Community Reinvestment -- RIN 3064-AC50

Dear People:

Here in California, the richest state of the union we have the second lowest home ownership rates in the nation. The gap between wealth and poverty grows to the disadvantage of all citizens.

Access to programs and resources through the efforts of the CRA are one of the few bright spots that assist low income households to get ahead.

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 to low income households. We need all the resources we can gather to help with the housing crisis in California.

Please do not make this change.

David Thompson
Davis Area Cooperative Housing Association (DACHA)
516 Rutgers Drive
Davis, CA 95616