Federal Deposit
Insurance Corporation

From: Jason Peeler [mailto:JPeeler@ncr.org]
Sent: Tuesday, October 19, 2004 5:47 PM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

This proposed change could have an enormous impact by significantly reducing the amount of private capital available for affordable housing and economic & community development by eliminating any regulatory incentive for 1300 banks to include low and moderate income persons in community development loans, services, and investments. Without the participation of lenders and investors incentivized by CRA, sufficient capital may not be available for the highly successful Low-Income Housing Tax Credit program.

We are heavily dependent on this program to expand National Church Residences reach to as many disadvantaged residents who need a decent roof over their heads. I have worked here now for four years, and appreciate our mission to further this goal. The Low-income Housing Tax Credit program is seen as the best way to achieve this.

So we vote no on this proposal.

Thank you,

Jason Peeler
Accounting Supervisor
National Church Residences
2335 North Bank Dr.
Columbus, OH 43220