Two of President Obama’s nominees to key positions for the real estate industry passed through committee this week with bipartisan support, signaling momentum for both to clear full Senate confirmation before the August recess. Current HUD Secretary Shaun Donovan was approved to head the Office of Management and Budget (OMB) by the Budget Committee with a 15-6 margin, with four Republicans voting in support. San Antonio Mayor Julian Castro received similar approval for the HUD Secretary post from the Banking Committee by a 16-6 margin, again with four Republicans voting in support.
Together, HUD and OMB are responsible for a large portion of federal housing policy, so the decision to move Secretary Donovan to OMB was widely supported by the real estate industry. NMHC/NAA submitted a letter to the Senate Banking Committee in support of Julian Castro’s nomination.