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FDIC Federal Register Citations



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FDIC Federal Register Citations

AFFORDABLE HOUSING ASSOCIATES


From: Sarah Friesema [mailto:SFriesema@ahainc.org]
Sent: Thursday, September 16, 2004 2:26 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

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 low-income communities.

The Community Reinvestment commitments of banks are an important part of the funding for affordable housing, and without it the activities of developers to provide communities with affordable homes will be severely curtailed. This will adversely effect low-income families and individuals who badly need decent places to live that they can afford.

Sarah Friesema
Associate Fund Development Director
Affordable Housing Associates
1250 Addison Street, Suite G
Berkeley, CA 94702
510-649-8500 ext. 26
www.ahainc.org

Last Updated 09/27/2004 regs@fdic.gov

Last Updated: August 4, 2024