LISC congratulates Carol Galante, new HUD Assistant Secretary

LISC congratulates Carol Galante on her December 30 Senate confirmation, in a bipartisan vote, as Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA). Since she came to HUD early in the Obama Administration, she has worked closely with Secretary Donovan to advance much needed new housing policies, to strengthen and safeguard the FHA, and to bring an even higher level of commitment and professionalism to the department. Michael Rubinger, LISC's President and CEO, said that "LISC has worked especially closely with Ms. Galante and her staff to help preserve the nation's supply of privately owned, federally-assisted multifamily housing, and we also value her leadership in coordinating FHA policy with the Low Income Housing Tax Credit program. We look forward to continuing our productive partnership."

Statement by HUD Secretary Shaun Donovan on the Senate’s Confirmation of FHA Commissioner Carol Galante

30 Dec 2012

Excerpt:

Today, the United States Senate took the important step of confirming Carol Galante to become the next Assistant Secretary for Housing and Commissioner of the Federal Housing Administration (FHA). I am pleased that a bipartisan majority in the Senate agreed that Carol offers responsible leadership at a time when we are pursuing necessary reforms to stabilize FHA’s financial outlook.

Under Carol’s stewardship as Acting Assistant Secretary and Federal Housing Commissioner, HUD launched and integrated the Office of Risk Management and Regulatory Affairs into the Office of Housing. In addition, she has worked to expand housing opportunities for elderly and disabled residents and launched HUD’s new Office of Housing Counseling. Further, Carol directed FHA insurance programs, through which HUD provided critical liquidity in the market while balancing two core missions – preserving affordable mortgage financing options for underserved borrowers and protecting our still-fragile housing recovery. Continued[+]...

> Read the full statement on HUD.GOV

Article Type: News