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The Center for Policy Alternatives (CPA) is the nation's only nonpartisan nonprofit organization working to strengthen the capacity of state legislators to lead and achieve progressive change.
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For Immediate Release
November 12, 1998

For Further Information
Center for Policy Alternatives
Bernie Horn
(202) 956-5135

Putting Federal Housing Dollars to Work in Low-Income Communities

Texas Fails to Spend $100 Million in Housing Funds

CPA Housing Forum to be Held in Corpus Christi, November 16-17

Washington, DC — New strategies for states to more fully utilize federal housing dollars targeting low-income communities will be the focus of a Housing Finance Forum sponsored by the Center for Policy Alternatives (CPA) in Corpus Christi, Texas, November 16-17.

Across the U.S. housing finance reform, a cornerstone for community renewal, has languished at the state level. As a result, federal funds desperately needed for low-income housing are returned to Washington. Texas, for example, failed to spend over $100 million in federal money earmarked for low-income homeowners.

The forum will bring together state legislators, community activists, federal and state housing officials and finance intermediaries from across the southwest to develop policies that put federal funds to work and make affordable and safe housing and housing improvements available to low-income householders.

The Center for Policy Alternatives is the nation’s leading non-profit, non-partisan public policy and leadership development organization dedicated to finding state-based solutions that benefit families and communities. The Housing Finance Forum is part of CPA’s Revitalizing Communities program and Southwest Community Policy Forum.

WHO:State Representative Garnet F. Coleman (Texas Dist. 147)
Corpus Christi Mayor Loyd Neal
State Senator Carlos Truan (Texas Dist. 20)
Gloria Guerrero, Exec. Director of the Nat’l Rural Development & Finance Corp.
Henry Flores, Chair of the Federal Home Loan Bank of Dallas
WHAT:CPA Housing Finance Forum
WHERE:Omni Bayfront Hotel, Corpus Christi, Texas
WHEN:November 16-17, 1998
Opening session, 1:15-2:00, November 16, “Retooling State Housing Policy”
Reception, 5:30-7:00, November 16