QUORUMCALL//GPT:
GRILLING ON HOUSING POLICY
At a confirmation hearing, Senator Elizabeth Warren raised tough questions to Alanna McCargo, President Biden’s nominee for President of Ginnie Mae, and Solomon Greene, nominated as Assistant Secretary for Policy Development and Research at the Department of Housing and Urban Development (HUD).
TOUGH QUESTIONS
– Warren queried McCargo about the state of the nation’s housing supply and the need for federal investment in this area. She also pressed Greene on the role of private equity firms in the housing market and the need to regulate them.
RESPONSES
– McCargo emphasized the importance of federal investment in housing and promised to work with Congress to ensure this happens. Greene echoed this sentiment and recognized the need for stringent rules for private equity firms to protect consumers.
TOPICS COVERED
#HousingPolicy #PrivateEquity #FederalInvestment
SOURCE NOTE
This press release was published on Senator Elizabeth Warren’s official website, offering a firsthand account of the hearing.