President Donald Trump has nominated Federal Housing Administration Commissioner Brian D. Montgomery to fill the number-two slot at the Department of Housing and Urban Development.
Montgomery has been nominated to serve as deputy secretary of HUD. As HUD’s second-most senior official, Montgomery would manage the agency’s day-to-day operations and advise and assist HUD Secretary Ben Carson in leading the agency’s nearly 8,000 employees.
Montgomery has held the position on an acting basis since the beginning of the year, and also serves as HUD’s assistant secretary for housing in addition to his role at the FHA. As FHA commissioner, Montgomery is responsible for the management of the FHA’s $1.4 trillion mortgage-insurance portfolio. He is the first person to serve as head of the FHA twice under three different administrations.
“Brian brings tremendous experience to our team and has been a strong voice in the effort to reform the nation’s housing finance system,” Carson said. “As Federal Housing commissioner, Brian made certain FHA remains a stable and reliable resource for first-time and minority homebuyers and other underserved borrowers, while protecting the interests of taxpayers. Brian is a key member of our team, and I look forward to having him confirmed as our deputy secretary.”
“Once again, I am tremendously honored to be called upon by President Trump and Secretary Carson to serve this department and the American people,” Montgomery said. “Service to our fellow Americans is the cornerstone of our department, and I look forward to continuing to help fulfill HUD’s critical role.”