Federal Deposit
Insurance Corporation

From: Mike Blakemore [mailto:MBlakemo@AkronHousing.Org]
Sent: Wednesday, October 20, 2004 8:24 AM
To: Comments
Subject: Community Reinvestment -- RIN 3064-AC50

To Whom It May Concern:

On behalf of the Akron Metropolitan Housing Authority, I strongly encourage the FDIC to withdraw the proposed changes to the CRA. I believe these changes would have a devastating affect on the capital available for the Low-Income Housing Tax Credit program in America. The LIHTC is an essential program in our affordable housing development strategy. Please reconsider! The affordable housing needs in our community and elsewhere in America have been on the rise and we cannot afford the loss of capital into our industry.

Michael Blakemore
Director of Development
HOPE VI Program
Akron Metropolitan Housing Authority