The Obama Administration has announced that it has named Carol Galante as the acting commissioner of the Federal Housing Administration (FHA). Ms. Galante currently serves as deputy assistant secretary for multifamily housing in the Department of Housing and Urban Development, which oversees the FHA. Before joining the agency in 2009, she served for 13 years as the president of San Francisco-based and NH&RA member Bridge Housing Corp., a nonprofit developer of affordable housing. Industry officials believe Ms. Galante is likely to be nominated as permanent director, which requires a Presidential nomination and Senate confirmation.
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