Federal Deposit
Insurance Corporation

From: Jeff Supowit [mailto:jeff@acdmail.com]
Sent: Wednesday, October 20, 2004 11:53 AM
To: Comments
Subject: Community Reinvestment; 12 CFR Part 345

I oppose any dilution in the CRA testing of financial institutions that will allow them to avoid their social obligation to invest in their lending areas. In our world of preserving affordable housing much of the equity comes from banks who need to find investment vehicles in their communities. Without this equity, companies like ours would be less able to rehabilitate America's aging stock of affordable housing without further government subsidies.

Thank you for your consideration.
_______________________
Jeffrey A. Supowit
Vice-President
American Community Developers, Inc.
20250 Harper Avenue
Detroit, MI