Biden Nominates New FHA Head

A picture of the White House from the south lawn

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President Joe Biden has nominated Julia Gordon to serve as federal housing commissioner at the Department of Housing and Urban Development, which would put her in charge of guiding the Federal Housing Administration. Congress has yet to approve the nomination.

Gordon is currently the National Community Stabilization Trust president, a nonprofit organization that supports the rehabilitation of residential properties in underserved communities.

National Association of REALTORS® President Charlie Oppler, in a statement released Monday, applauded the nomination of Gordon as the commissioner of the FHA: “NAR is thrilled that President Biden has selected Julia Gordon to lead the FHA. Julia’s outstanding career in the industry has prepared her to handle the complex range of issues facing America’s housing market today. She has also shown a deep commitment to removing the barriers to homeownership for communities of color and to addressing the racial homeownership gaps that persist in this country. NAR looks forward to working with her on these and other issues in the years ahead, particularly as we continue our fight for policies to increase the supply of safe, affordable housing in America.”

Gordon has taken on a variety of roles through the years that have allowed her to oversee federal policy related to homeownership, community development, and the nation’s housing finance system. Besides her current role at the National Community Stabilization Trust, in the past, she has served as senior director of housing and consumer finance at the Center for America Progress, manager of the single-family policy team at the Federal Housing Finance Agency, and senior policy counsel at the Center for Responsible Lending.

The FHA provides mortgage insurance on loans for single-family and multifamily homes. It is the largest insurer of mortgages in the world, insuring more than 46 million properties since 1934.