MBA and CHLA both express what they want to see next
The US Senate has confirmed Scott Turner as the Secretary of the Department of Housing and Urban Development (HUD). According to a BBC report, with the Senate’s confirmation, Turner is expected to focus on overseeing federal housing policies and programs aimed at increasing affordability and accessibility in the housing market.
Following the confirmation, industry organizations expressed support for Turner’s leadership at the HUD. The Mortgage Bankers Association (MBA) and the Community Home Lenders of America (CHLA) both released statements welcoming his appointment and emphasizing their commitment to collaborating with HUD under his leadership.
Bob Broeksmit, president and CEO of the MBA, congratulated Turner on his confirmation. “We will continue to advocate for policies and solutions that improve housing supply and affordability and stand ready to work with leadership and staff at HUD, the Federal Housing Administration, and Ginnie Mae as they carry out their important roles in supporting single-family and multifamily housing markets while protecting taxpayers,” Broeksmit stated.
Similarly, the CHLA expressed its support for Turner’s confirmation. “The CHLA congratulates and fully supports HUD Secretary Scott Turner in his new role. We are encouraged by his commitment to addressing broken housing policies and expanding sustainable homeownership opportunities,” said Scott Olson, executive director of CHLA. “His focus on helping Americans achieve self-sufficiency and the American dream aligns with our mission to ensure a strong, accessible, and responsible mortgage market. We look forward to working with Secretary Turner and HUD to promote policies that strengthen homeownership and expand housing opportunities for all.”
Turner is a former professional American football player, who previously played for the Washington Redskins, Denver Broncos and San Diego Chargers in the National Football League. The BBC noted that Turner is the Trump administration’s lone Black cabinet appointee.
HUD plays a key role in shaping national housing policy, managing programs such as the Federal Housing Administration (FHA) and Ginnie Mae, and implementing strategies to support housing development.
Do you have something to say about the recent announcement? Share your thoughts in the comments below.
