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Federal Register Publications

FDIC Federal Register Citations



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FDIC Federal Register Citations

WESTCHESTER HOUSING FUND

Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ISS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429-9990

Re: RIN 3064-AC50

Gentlemen:

I am writings on behalf of Westchester Housing Fund, a Community Development Financial Institution to note our strong opposition to the proposed rule changing the Community Reinvestment Act regulations. Any further weakening of the legislation will remove the incentive for financial institutions to partner with community groups such as WHF to provide access to capital to underserved communities. There are modifications that we feel we can support such as a three year safe harbor provision for any bank that receives an "Outstanding" from its regulators. However the current proposal is not one that we can support. We urge you not to adopt this rule.

Respectfully,

Kim Jacob
Executive Director
Hawthorne, NY
Last Updated 10/19/2004 regs@fdic.gov

Last Updated: August 4, 2024