FDIC Federal Register Citations

From: by way of Marty Newell <cra@ruralstrategies.org> [mailto:hwsanborn@comcast.net]
Sent: Wednesday, September 15, 2004 4:34 PM
To: Comments
Subject: Community Reinvestment - RIN 3064-AC50

name: Hugh Sanborn
address: 6006 Southridge Greens Blvd.
city_st: Fort Collins, CO
zipcode: 80525

I strongly oppose the proposed rule changes in the Community Reinvestment Act (RIN 3064-AC50). This action will do harm to rural communities. : It is very disturbing to learn of the proposed changes which among other things, if adopted, will raise the threshold for full CRA compliance from $250. million to $1 billion. This would devastate the affordable housing market, especially in rural communities, since developers of affordable housing would have fewer resources available to them. Please reconsider the damaging consequences of enacting these changes.