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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


LITIGATION RELEASE NO. 15284 / March 11, 1997

SECURITIES AND EXCHANGE COMMISSION v. JOHN P. ACORD, ET AL.
3:95-CV-2728-T, USDC ND/TX [Dallas Division]

     The Securities and Exchange Commission ("Commission")
announced that on March 6, 1997 a Final Judgment by default was
entered against Business and Taxpayers Coalition for Affordable
Housing ("Coalition") in United States District Court, Dallas,
Texas. The Final Judgment enjoins Coalition from future
violations of Sections 5(a), 5(c) and 17(a) of the Securities Act
of 1933 and Section 10(b) of the Securities Exchange Act of 1934,
and Rule 10b-5 thereunder. Additionally, Coalition was ordered to
pay a civil money penalty of $25,000.

     The Commission's complaint alleged that the defendants in
this matter raised at least $9.7 million from over 813 investors
through the offer and sale of interests in limited partnerships
formed to invest in low-income housing properties.  The complaint
also alleged that the defendants made false and misleading
statements of material facts concerning, among other things, the
intended uses for investors' funds, the condition and value of
the underlying properties and the attendant likelihood of
profitable operations.