Amidst a whirlwind of late Friday night announcements, President-elect Donald Trump revealed his selection for the next secretary of the U.S. Department of Housing and Urban Development (HUD): Scott Turner, a former executive director of the White House Opportunity and Revitalization Council (WHORC). This announcement has sparked reactions from various housing industry groups and policymakers, heralding a new era under Turner’s leadership.
1. Scott Turner’s Background and Accomplishments
- Turner, a former professional football player and Texas state representative, brings a unique blend of experience to the table, having served both on the field and in the political arena.
- His work with the WHORC, overseeing significant policy actions and driving economic development efforts in distressed communities, has garnered praise and recognition from President Trump and former HUD Secretary Ben Carson.
- Turner’s role in facilitating more than $50 billion of private investment in opportunity zones showcases his dedication to improving local communities and fostering economic growth.
2. Reactions from Industry Groups and Policymakers
- The Community Home Lenders of America (CHLA) and the National Housing Conference (NHC) have expressed optimism about Turner’s nomination, highlighting his past advocacy for affordable homeownership and underserved communities.
- CHLA emphasizes the importance of creating accessible homeownership opportunities for all, particularly for first-time and underserved borrowers, while NHC commends Turner’s commitment to community development initiatives.
3. Other Major Appointments
- Alongside Turner’s nomination, the transition team announced several other key appointments, including hedge fund manager Scott Bessent, Rep. Lori Chavez-DeRemer (R-Ore.), Russell Vought, Marty Makary, and Dave Weldon to various government positions.
- Industry leaders, like Lindsey Johnson from the Consumer Bankers Association (CBA), have expressed support for these appointments, citing the nominees’ experience and commitment to sound financial policies that benefit consumers and small businesses alike.
In closing, the appointment of Scott Turner as HUD secretary signals a new chapter in housing and urban development policy under the incoming administration. With a diverse background and a track record of community engagement, Turner’s leadership promises to bring positive changes and opportunities for growth in the housing sector.
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