Public Comment CRA2 AC50, Northern California Community Loan Fund, San Francisco, CA

e ~3,(> PAGE 01/02 09/10/2004 NORTHERN CALIFORNIA Septen rt E. Feldman Mr. Rc : Secretary Execul : CommentsLegal ESS Attenti leposit Insurance Corporation Federa 550 17 itreet NW on, DC 20429 Washi Dear h ing as the president of the Northern California Community Loan Fund to urge you to Iamu withdr your proposed changes to the Community Reinvestment Act (CRA) regulations. CRA instrumental in increasing homeownership, boosting economic development, and has be g small businesses in the nation's immigrant, low- and moderate-income, and people of expanc color c imuuities, and I feel strongly that the changes you propose would severely weaken its contin 1impact.. By wa ~f introduction, the Northern California Community Loan Fund (NCCLF) is a nonprofit !ty development financial institution dedicated to strengthening the economic base of comm me communities in Northern California. As a federally-certified CDFI, we supply loan low-i~ rd financial training to groups that develop affordable housing, job-training programs, capita comm ity facilities, and vital human senices in poor communities. NCCLF serves as a bridge betwe1 socially responsible investors and community organizations that have limited access to financ :from traditional lending institutions. Because we understand the financial issues lnprofits that serve our neediest citizens, we also offer technical assistance and training facing servic &signed to assist nonprofits with long-term ...