Julia Gordon confirmed as FHA Commissioner
The United States Senate has confirmed Julia Gordon as Commissioner of the Federal Housing Administration and Assistant Secretary for Housing at the US Department of Housing and Urban Development. Vice President Kamala Harris cast the deciding vote to break a 50-50 tie.
The position of FHA commissioner has been vacant since Dana Wade resigned in March 2021. President Joseph Biden appointed Gordon to head the FHA in June 2021.
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Congress created FHA in 1934, and the organization became part of HUD’s Office of Housing in 1965. FHA provides mortgage insurance on loans made by approved lenders on single-family homes, multi-family properties, residential residential care and hospitals.
Gordon has over 20 years of experience in housing and finance issues and policy. She recently served as President of National Community Stabilization Trusta nonprofit that works with local partners and national stakeholders to return distressed properties to productive reuse.
Gordon was part of the Biden-Harris transition team, as a member of the group that reviewed the HUD and the Federal Housing Finance Agency for the incoming administration. Previously, she was Senior Director of Housing and Consumer Credit for the Center for American Progress, an independent, non-partisan educational institute. She has also served as Single Family Policy Manager for FHFA’s Office of Housing Policy and Regulation and Senior Policy Advisor for the responsible credit center.
the National Housing Conference noted that Gordon’s leadership of the National Community Stabilization Trust provided him with a nuanced understanding of local housing markets and how they work.
“Julia Gordon brings deep experience to address the significant challenges facing FHA. If we are to be successful in closing the racial divide in homeownership, the FHA must be at the forefront,” said NHC President and CEO David Dworkin in a statement.
the Mortgage Bankers Association looked forward to working with Gordon to ensure the FHA could provide more affordable housing opportunities to homeowners and renters nationwide.
“Her knowledge and experience in housing policy and community development will stand her in good stead as she leads FHA’s mission to support homeownership opportunities for low- and middle-income borrowers and minority communities in underserved communities, as well as increasing the supply of affordable rental housing,” Bob Broeksmit, MBA president and CEO, said in a statement.