Industry Reacts: Marcia Fudge Confirmed as HUD Secretary

  • Source: dsnews.com

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Article Highlights:

On Wednesday the Senate confirmed Rep. Marcia L. Fudge as Secretary of the U.S. Department of Housing and Urban Development (HUD) in a 66-34 vote. Several housing advocates voided support for the confirmation.

  • Lisa Rice, President and CEO of the National Fair Housing Alliance (NFHA): “With over four million instances of housing discrimination each year and increases in housing-related hate crimes over the past several years, we are eager to work with the Biden-Harris Administration and Secretary-designate Fudge to make fair housing a reality for everyone and advance racial equity.”
  • Mike Kingsella, Up for Growth, applauded Fudge’s denunciation of NIMBY-ism (she said, “We have to get rid of this notion of Not in My Backyard”).
  • “Her first two policy priorities will be undoing rules set during the Trump administration that rolled back fair housing discrimination,” Malcom Glenn, a fellow in the Future of Land and Housing program at New America told CityLab. “But simply reinstating these protections are the floor of what is possible.” Glenn tells CityLab that many existential housing-related challenges Black families face did not begin with the pandemic.

Fudge said in prepared statements that her desire is to make the dream of homeownership—and the security and wealth creation that comes with it—a reality for more Americans.

“That will require us to end discriminatory practices in the housing market, and ensure that our fair housing rules are doing what they are supposed to do: opening the door for families, especially families of color who have been systematically kept out in the cold across generations, to buy homes and punch their ticket to the middle class.”

Author

Ellen Rose

Ellen Rose is a Senior Director with Treliant. She is a seasoned financial services professional with executive experience in all facets of commercial and residential mortgage banking. Ellen has over 30 years of industry experience in directing originations, secondary marketing, servicing, support, and vendor activities. With a focus on compliance,…