Treasury to Name Housing Finance Adviser
According to a senior Treasury official, Michael Stegman, a housing and domestic policy director at the John D. and Catherine T. MacArthur Foundation, will join the Treasury Department in January 2012 as a counselor to Secretary Timothy Geithner. Since 2005, Stegman has served as director of policy and housing for U.S. programs at the MacArthur Foundation and during the Clinton administration served as an assistant secretary for policy research at HUD. Prior to both those positions, he taught housing policy and community development finance at the University of North Carolina at Chapel Hill for 40 years. At Treasury, Mr. Stegman will coordinate the department’s housing policies including revamping the GSEs Fannie and Freddie, something the Obama administration has indicated as a major priority.
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HUD Previews New Energy Efficiency Incentives for Affordable Housing Owners
On December 3, 2013 HUD previewed to NH&RA a series of new incentives and policy flexibility for owners of multifamily affordable housing properties that commit to making portfolio wide energy efficiency commitments through the Administration's Better Buildings Challenge. HUD has developed these incentives to address the market and policy barriers that owners experience in greening their properties. The underlying policy will be issued in a separate and forthcoming Implementation Memo, to be released in FY-2014.