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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.