FDIC Federal Register Citations

From: Truly Burton [mailto:trulyburton@basfonline.org]
Sent: Wednesday, September 15, 2004 9:39 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

“The Community Reinvestment Act is a critical component to Florida’s affordable housing and community development solutions. This is one of the VERY FEW OPTIONS LEFT TO PROVIDE AND FINANCE AFFORDABLE HOUSING.

IF THIS RULE GETS ADOPTED, WE COULD SEE EVEN MORE REGULATION AT THE LOCAL LEVEL, IN THE FORM OF MANDATORY INCLUSIONARY ZONING: THERE ARE FEWER AND FEWER OPTIONS TO BUILDING ANND SELL AFFORDABLY PRICED HOMES. THE DEPT OF HOUSING AND URBAN DEVELOPMENT’S BUDGET CONTINUES TO BE DECIMATED.

THIS CONTINUES TO PUT PRESSURE ON LOCAL GOVERNMENTS TO IMPOSE EVEN MORE RULES ON THE HOUSING INDUSTRY HERE IN MIAMI -DADE COUNTY. DON’T WRITE ANY MORE REGULATIONS THAT WILL FORCE THE LOCAL GOVENRMMENTS TO “REGULATE US TO DEATH” AT THE LOCAL LEVEL.

As a housing professional, I oppose any increase to the threshold of what is considered to be a small bank. 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 proposed rule.”

Ms. Truly Burton
Government Affairs Director, Miami-Dade County
Builders Association of South Florida
15225 NW 77th Avenue, Miami Lakes FL 33014
305-556-6300 ext. 209