Ginnie Mae’s Alanna McCargo is leaving the company and returning to private life, the Department of Housing and Urban Development announced.
McCargo, who has served a president of the Government National Mortgage Association (Ginnie Mae) since January 2022, called the move a “deeply personal decision.”
“The past 3.5 years in public service with the Biden-Harris Administration has been the most important and fulfilling work of my 25-year career in housing finance and I am deeply grateful for the opportunity to serve my country and advance a bold housing agenda across the globe as President of Ginnie Mae,” she said in a statement.
Her resignation will go into effect on May 1.
Principal Executive Vice President Sam Valverde will serve as…
By SCOTT KIMBLER
Leaders at the U.S. Department of Housing and Urban Development have unveiled their proposed budget for FY 2024 and say funds will be directed at solving the nation’s housing crisis.
Secretary Marcia Fudge said in a statement that the proposed budget will help ensure every American has access to housing.
“The budget invests in Americans at every station in life – from those seeking to purchase a home to those who receive HUD rental assistance – and will ensure families across the country can live in communities that are safe, affordable, and resilient,” Fudge said.
HUD Deputy Secretary Adrianne Todman said during a press call that the budget reflects the Biden administration’s values and provides a blueprint…
By Kimberley Haas More than 250 rural, suburban and urban communities will benefit from $36 million earmarked to produce about 8,000 units of affordable housing throughout the country. U.S. Housing and Urban Development Deputy Secretary Adrianne Todman held a virtual press conference on Tuesday morning to announce the “capacity-building” awards, which are expected to stimulate nearly $150 million in total investments. “We are really focused on building strong and vibrant communities through grants like this and through the work of our local and state leaders,” Todman said. Todman said it has been thrilling to work with leaders at the White House and HUD to stand up these initiatives “that we know will pay dividends for our children and grandchildren in…
