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12/19/2018

NAHB Commends Pam Patenaude for Her Work at HUD

WASHINGTON, Dec. 18 - The National Association of Home Builders (NAHB) today commended the work of Deputy HUD Secretary Pam Patenaude to provide safe, decent and affordable housing for Americans after she announced she was resigning.
 
"During her time as deputy secretary, Pam showed strong leadership in addressing housing and community recovery in areas impacted by natural disasters," said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. "She is truly a fellow 'houser' who has worked tirelessly to champion homeownership and rental housing opportunities for working class families."
 
FHA Commissioner Brian Montgomery will serve as acting deputy secretary when Patenaude transitions out of her current role in January.
 
"NAHB has maintained a strong working relationship with Deputy Secretary Patenaude and FHA Commissioner Montgomery," said NAHB First Vice Chairman Greg Ugalde, who will become chairman of the association in February 2019.
 
Ugalde noted that Montgomery has taken important steps to ensure the continued improved health of FHA's Mutual Mortgage Insurance Fund and that his extensive housing experience will serve him well in his added role as acting deputy secretary.
 
"NAHB looks forward to working with Montgomery in the coming year to remove regulatory barriers that are impeding the housing recovery, to ensure that housing remains an important national priority and to promote policies that will provide affordable housing opportunities for all Americans," said Ugalde.
 
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ABOUT NAHB: The National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction. NAHB is affiliated with 700 state and local home builders associations around the country. NAHB's builder members will construct about 80 percent of the new housing units projected for this year.

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