HUD Secretary Shaun Donovan announced that President Barack Obama has appointed Carol Galante as Deputy Assistant Secretary for Multifamily Housing Program. As Deputy Assistant Secretary, Galante will be responsible for HUD’s financing support for the development and preservation of privately-owned rental housing (current portfolio of over $58 billion) and will be integral to several new initiatives that promote sustainable development.
Galante is currently the President of BRIDGE Housing Corporation, the largest nonprofit developer of affordable apartments and homes in California, specializing in the development of family and senior affordable apartments, rental and ownership housing, and an array of revitalization, transit-oriented, urban infill, and mixed-use/mixed-income developments. BRIDGE Housing is an NH&RA member.
“Having previously served in the position Carol will step into, I am extremely confident that her proven track record in multifamily housing is exactly what HUD needs to move that division forward,” said Secretary Donovan. “She is one of the nation’s most innovative affordable housing leaders and will be a tremendous asset during our nation’s housing crisis, especially as HUD moves forward an aggressive policy agenda. I am thrilled to have Carol on board and look forward to working with her to carry out HUD’s mission to create affordable housing opportunities for all Americans.” read more…
