State Assemblyman Ted Lieu has received the ìDistinguished Leaderî award from the Greenlining Institute in recognition of his efforts to save homeowners from losing their homes to foreclosure and to reform the marketing and selling of subprime mortgage loans.
Lieu received the award as part of the instituteís 16th annual economic summit, which took place in Los Angeles April 3rd.
ìThis award is reserved for champions of poor communities who have gone beyond the call of duty in the civil service sector to helping our communities,î said Orson Aguilar, executive director of the Greenlining Institute. ìAssemblyman Lieu has exhibited unwavering commitment in advocating for justice and opportunity, especially for low-income constituencies and communities of color.î
Lieu is the author of the California Foreclosure Prevention Act. Signed into law in February, the legislation imposes a 90-day home foreclosure moratorium unless a lender offers a comprehensive loan modification program designed to keep people in their homes. Lieu is also the author of Assembly Bill 260, which he says reigns in the abuses that occurred in the subprime lending market and contributed to the stateís economic meltdown.
ìIt is a great honor to receive this award from the Greenlining Institute, one of our stateís strongest voices for the underserved communities,î said the assemblyman. ìIím very proud to be recognized for my work to protect homeowners from unscrupulous lenders and their deceptive lending practices.î
The Berkeley-based Greenlining Institute is a multiethnic public policy, research, and advocacy think tank that advocates for low-income and minority communities through economic development, consumer protection, health advocacy, campaign finance reform, civil rights and leadership development.