Biden picks policy veteran to lead Federal Housing Administration
President Biden has nominated housing nonprofit executive Julia Gordon to lead the Federal Housing Administration, the White House announced on Thursday.
Why it matters: The pandemic has threatened a surge in homelessness, with underserved communities hit the hardest. Biden ran on the promise to expand access to affordable housing and end "systemic housing discrimination."
- The FHA provides mortgage insurance on loans from FHA-approved lenders.
Her background: Gordon is the president of the National Community Stabilization Trust, a nonprofit that facilitates rehabilitation of residential properties in underserved markets to provide affordable housing.
- Gordon specializes in federal policy related to homeownership and the United State's housing finance system, per the White House.
- She has served in a variety of housing and consumer finance policy roles, and worked in the civil legal aid sector.