From: Jenn Ogata [mailto:jennogata@hotmail.com]
Sent: Friday, October 15, 2004 1:38 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom It May Concern,
I implore you to reject proposed changes to the Community Reinvestment Act. CRA is a vital component of the redevelopment efforts that are taking place throughout the nation and these changes harm affordable housing, and community and economic development, particularly in rural areas. CRA has been a powerful impetus for community development loans, investments and service that benefit low- and moderate-income person. With government subsidies drying up, now is not the time to eliminate regulatory incentives for private captial to leverage scarce subsidy dollars. The private sector has a responsibility to invest in communities and the FDIC proposed rule will diminish the expectation for private investment in communities that need revitalization. Thank you for the opportunity to comment.

Sincerely,
Jenn Ogata