The White House has announced
another key appointee to a federal housing post. Julia Gordon has been named
Assistant Secretary for Housing at the Department of Housing and Urban
Development (HUD). This position also serves as commissioner of the Federal
Housing Administration (FHA). Gordon is currently president of
the National Community Stabilization Trust (NCST) which  works to provide local
community-based programs an opportunity to acquire vacant, abandoned, and
distressed properties to redevelop. The Trust has implemented the transfer of $1.5
billion in real estate to local organizations over the last 10 years, much of
it “first look” properties from Freddie Mac and Fannie Mae’s foreclosure
inventories.

 

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