Please help save the Community Reinvestment Act

The Community Reinvestment Act (CRA) is under attack by the Office of Thrift Supervision (OTS). The proposed changes by the OTS to the CRA are far reaching. Quick action is needed before January 24, 2004 to block this additional attempt to further weaken the CRA. The CRA has been instrumental in helping to increase home, small business, and community development lending in underserved and lower income communities. If the OTS proposal succeeds, the result will be far less capital for affordable housing, charter schools, small business development, daycare centers, health clinics and community economic development. The easiest way for you and your friends to submit your comments is by going to http://www.ncrc.org/ letters/ots_letter.php . Also you can send your e- mails in opposition to the proposed changes to: regs.comments@ots.treas.gov and include the OTS docket numbers (No. 2004-53 & 2004-54) in the subject line. To insure an accurate count, please copy the National Community Reinvestment Coalition (NCRC) as well, either by fax to (202)628 -9800, or emailing to membership@ncrc.org. Please visit www.ncrc.org for further information or call NCRC at 202-628-8866.

-- Antonio "Tony" Arocho, Esq. Vice-President for Member Organizing & Advocacy National Community Reinvestment Coalition 727 15th Street, NW Suite 900 Washington, D.C. 20005 telephone: 202.628.8866 fax: 202.628.9800 E-mail: aarocho@ncrc.org web: www.ncrc.org

Post your own news