Local bank executive reappointed to board

Valerie Vargas Cardenas, executive vice president for Lone Star National Bank’s mortgage banking operations in McAllen, was reappointed by Gov. Greg Abbott to the Texas State Affordable Housing Corporation Board of Directors.

The corporation is a nonprofit organization that works to house low-income families and underserved communities in pleasant homes at reasonable prices.

Members of the organization’s board of directors are appointed by the Texas governor, with the advice and consent of the state’s Senate. Board members serve six-year terms, Cardenas’ term is set to expire on Feb. 1, 2025.

According to a press release from the governor’s office, the board “oversees the provision of affordable housing for low income Texans.”

Cardenas, who’s one of five people appointed to the board, is a native of San Juan and currently serves as the Planning and Zoning commissioner for the city. She also is a fund distribution committee member of United Way of South Texas, and president of the Pharr Chamber of Commerce, American Diabetes Association-RGV, and the Palmer Drug Abuse Program.

According to the corporation’s Texas Housing Impact Fund 2018 Investment Report, 127 homes were built through the nonprofit last year.