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Adrianne Todman Named acting HUD Secretary after Marcia Fudge Announces Resignation
On March 11, HUD Secretary Marcia L. Fudge announced her retirement. Fudge did not give a specific reason why she is leaving President Biden's cabinet, did add that she was leaving with “mixed emotions.” Fudge was picked by President Biden in 2021 to lead the agency...
Texas Makes Big Housing Personnel Changes
The Office of the Governor has assigned budget and policy advisor Gabriel De Ochoa the responsibility for housing policy. Gabriel De Ochoa has worked as a budget and policy advisor to the Governor since September 2022. He replaces Catarina Gonzales, who has held this...
FHFA Announces $301 Million for Housing Trust Fund and Capital Magnet Fund, a 45% decrease from last year
FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). This is a 45 percent decrease from last year’s $545 million allocation.