GREENSBORO HOUSING COALITION
From: Sheldon
Craven [mailto:sheldon.craven@kmcmail.net]
Sent: Tuesday, August 24, 2004 2:42 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50
As the executive director of a nonprofit housing advocacy
organization, I know that the only time financial institutions show
interest in our work is when they need to catch up some CRA points. If
you reduce the number of financial institutions that need to comply with
CRA requirements, we will probably be ignored even more. Our work
directly benefits mortgage lenders and indirectly benefits the housing
conditions in the communities served by banks, but they do not notice us
except when they are trying to merge or otherwise expand. We definitely
see the need to continue the requirements! Beth McKee-Huger, Greensboro
Housing Coalition, Greensboro NC