WASHINGTON (May 27, 2014) – The following is a statement by National Association of Realtors® President Steve Brown:
"The National Association of Realtors® applauds the administration for nominating San Antonio Mayor Julián Castro to serve as the next secretary for the Department of Housing and Urban Development, which includes the Federal Housing Administration, and for nominating current HUD Secretary Shaun Donovan to serve as the director of the Office of Management and Budget.
"We are encouraged by Mayor Castro’s work in San Antonio to revitalize the downtown area and promote homeownership in the city center. His vision for strong communities and affordable housing is the right fit for HUD, which has helped make the dream of homeownership a reality for millions of Americans.
"NAR has greatly valued its relationship with Secretary Donovan and his team during his tenure at HUD. We will continue to engage with the agency to ensure the homebuying process is fair and free from discrimination, and that FHA loans are safe and affordable to qualified buyers.
"We look forward to working with Mayor Castro and Secretary Donovan upon their confirmations."
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.