The article, written by former HUD Deputy Secretary Brian Montgomery, provides insights into the challenges and opportunities awaiting Scott Turner, the new Secretary of the U.S. Department of Housing and Urban Development (HUD). Turner, confirmed by the Senate, faces significant issues in the housing market, including the housing affordability crisis and real estate market trends. As head of the $73 billion HUD enterprise, Turner must address key areas such as public housing, fair housing enforcement, managing the Federal Housing Administration (FHA) portfolio, and overseeing Ginnie Mae. Turner's background and previous success with Opportunity Zones suggest he may be well-equipped to navigate these complex responsibilities, including addressing federal housing regulations. The article highlights various aspects of HUD's operations, emphasizing the multifaceted nature of Turner's new role in shaping America's housing landscape.
Companies