Plusquellic was recognized for his dedication to and work in Akron, Ohio, by promoting homeownership, the availability of affordable rental housing and commercial investment. This year Plusquellic began his 18th year as mayor of the city of Akron after being re-elected for a fifth four-year term. Under Plusquellic, Akron has seen the construction of hundreds of new market-rate homes throughout the inner city as part of a public, nonprofit corporation called the Urban Neighborhood Development Corporation. In developing housing in Akron's historically stable neighborhoods, more than $56,000,000 has been spent in rehabilitating older homes during his tenure. Akron has also seen the construction of eight new neighborhood community centers that provide activities and education for all citizens.

"I'm honored to be the recipient of MBA's Investing in Communities Award," Plusquellic said, "because it recognizes the tremendous collaborative effort that is typical of the people of Akron. Not only does this award showcase the new opportunities for growth that we have created in my city, but this award also acknowledges the work that mayors all across our nation are doing in their communities. Mayors increase homeownership, ensure an adequate supply of affordable housing and attract investment to build and maintain America's communities."

MBA's Investing in Communities Award reflects the core values of MBA's members and the recognition of all who uphold the commitment to helping communities across America thrive.

"MBA is proud to present Mayor Plusquellic with the Investing in Communities Award for his outstanding efforts and service to his community," stated new MBA Chairman Michael Petrie, CMB. "Mayor Plusquellic has done a terrific job in Akron and as the U.S. Conference of Mayors president. We hope that mayors across America will join us as we strengthen our ongoing commitment to investing in communities."

On June 28, 2004, Plusquellic was inaugurated as the 62nd president of the U.S. Conference of Mayors, a term that runs through June 2005. Plusquellic, the city's longest-serving mayor, is a lifelong resident of Akron and became the 59th mayor of Akron in 1987. He has devoted 30 years to public service in a career highlighted by great leadership successes locally and nationally. The Wall Street Journal recognized the mayor in a front-page article concerning the importance of mayoral leadership in America. Plusquellic attended the University of Pittsburgh School of Engineering and graduated from Bowling Green State University School of Business. He earned his juris doctorate from The University of Akron School of Law. He and his wife have two children and two grandchildren.

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CONTACT:
Laura Armstrong - (202) 557-2730 larmstrong@mortgagebankers.org
Matthew Royse - (202) 557-2727  mroyse@mortgagebankers.org