FDIC Federal Register Citations

From: Vicky Gochenour [mailto:vgochenour@columbus.in.gov]
Sent: Monday, October 18, 2004 10:22 AM
To: Comments
Subject: Oppose Efforts to Weaken CRA RIN number 3064-AC50

Vicky Gochenour
123 Washington Street
Columbus, IN 47201

October 18, 2004

Federal Deposit Insurance Commission
,

Dear Federal Deposit Insurance Commission:

Despite the successes of community development locally and nationally, the
banks and thrift institutions that provide the loans, services, and
investments to build new homes, businesses, and community facilities may
no longer have the impetus to do so if the FDIC raises the comprehensive
CRA exam threshold.

I agree with the National Congress for Community Economic Development that
this proposed change would have a devastating effect on affordable housing
and community development investment throughout the nation, particularly
in rural areas. The proposed community development criterion is not a
replacement for ensuring adequate services and investment reach low- and
moderate-income individuals and communities. Successful development must
be targeted to lower income individuals and/or communities, not rural
areas generally.

Please rescind your proposal.

Sincerely,

Vicky L. Gochenour