Assemblymember Ted Lieu (D-Torrance) received the "Distinguished Leader" 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.
"It is a great honor to receive this award from The Greenlining Institute, one of our state's strongest voices for the underserved communities," said Assemblymember Lieu. "I'm very proud to be recognized for my work to protect homeowners from unscrupulous lenders and their deceptive lending practices."
Assemblymember Lieu received this award as part of The Greenlining Institute's 16th annual economic summit, which took place today in Los Angeles. He also appeared on the summit's morning panel discussion about promoting green solutions as a means of jumpstarting California's economy.
"This 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," said Orson Aguilar, executive director of The Greenlining Institute. "Assemblymember Lieu has exhibited unwavering commitment in advocating for justice and opportunity, especially for low-income constituencies and communities of color."
Assemblymember Lieu is the author of the California Foreclosure Prevention Act. Signed into law in February, this groundbreaking legislation imposes a 90-day home foreclosure moratorium unless a lender offers a comprehensive loan modification program designed to keep people in their homes. He is also the author of AB 260 which reigns in the abuses that occurred in the subprime lending market and contributed to the state's economic meltdown.
The Greenlining Institute, based in Berkeley, California, 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.
Assemblymember Ted W. Lieu is Chair of the California State Assembly Rules Committee and represents the 53rd Assembly District, which includes El Segundo, Hermosa Beach, Manhattan Beach, Redondo Beach, Torrance, Lomita, Marina Del Rey, and portions of the City of Los Angeles.