WASHINGTON -- Both CUNA and NAFCU said Steve Preston, administrator for the Small Business Administration, is the ideal candidate to head the Department of Housing and Urban Development.
After nearly two years at SBA, Preston said he has accepted President Bush's nomination. The acceptance came on April 18, the last day on the job for outgoing HUD Secretary Alphonso Jackson.
"We applaud him...and for bringing his problem solving talents to bear at the agency," said Mary Dunn, CUNA senior vice president and associate general counsel of regulatory advocacy. "From all reports, HUD is in need of such skills and we are hopeful he will combine his concern for efficiency with compassion for those who in this time of mortgage crisis, need housing assistance and related services."
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
