Apr 18 2008
President Bush Nominates SBA Administrator Steve Preston To Serve As HUD Secretary
Today, President Bush announced his intention to nominate Steve Preston to serve as the next Secretary of Housing and Urban Development. A strong executive with an outstanding track record in the private sector and at the Small Business Administration (SBA), Administrator Preston has a deep financial and capital markets background, and he understands the important role that the housing market plays in the broader economy. President Bush is confident that Administrator Preston is a reformer who will act aggressively to help struggling Americans obtain affordable mortgages and keep their homes, as well as help ensure that all Americans have access to safe, decent, affordable housing.