Senator Eddie Lucio, Jr.

MEDIA ADVISORY FOR IMMEDIATE RELEASE
Friday, Oct. 11, 2002
CONTACT: Doris Sanchez
Phone: 512-463-0127

Texas Association of Local Housing Finance Agencies presents
Hero of Affordable Housing Award to Sen. Lucio

Texas Association of Local Housing Finance Agencies presents Hero of Affordable Housing Award to Sen. Lucio

AUSTIN, TX--Today the Texas Association of Local Housing Finance Agencies (TALHFA) honored state Sen. Eddie Lucio, Jr. (D-Brownsville) with the Hero of Affordable Housing Award for his legislative work.

Ms. Jeanne Talerico, executive director of TALHFA, said the award is given to legislators who were supportive of issues concerning affordable housing for low and moderate-income Texans. Senate Bill 322, the Sunset Housing Bill, authored by Sen. Lucio during the 77th legislative session, allowed for an increase of private activity volume cap for tax-exempt bonds that provide affordable multi-family housing development and single family mortgage loans to qualifying first-time homebuyers.

During the interim of the 76th Texas Legislature, the Sunset Advisory Commission, charged with reviewing state agencies on a periodic schedule, conducted a standard review of the Texas Department of Housing and Community Affairs and made certain recommendations in a legislative report. S.B. 322 continues the department for another two years and enacts some of the Sunset Commission's recommendations relating to the continuation and functions of the department and to other matters relating to housing or community development, including the creation of the Manufactured Housing Board.

"I am honored to be recognized by TALHFA for legislation that helps make affordable housing more accessible to the neediest of Texans," said Sen. Lucio. "Much praise and appreciation is due TALHFA, for the enormous support and assistance they provided during the debate and passage of Senate Bill 322."

Joining Ms.Talerico to present the award was Mr. Jim Shaw, vice president of the TALHFA Board and executive director of the Capital Area Housing Finance Corporation.

Mr. Shaw stated, "TALHFA greatly appreciates the support of Sen. Lucio in furthering the cause of quality, affordable housing for all Texans."

Other legislators who were also honored included state Sen. John Carona, R-Dallas; state Rep. Bill Carter, R-Fort Worth; state Rep. Pete Gallego, D-Alpine, and state Rep. Harryette Ehrhardt, D-Dallas.

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