Brian Montgomery
| Brian Montgomery | |
|---|---|
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United States Secretary of Housing and Urban Development Acting |
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In office January 20, 2009 – January 26, 2009 |
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| President | Barack Obama |
| Preceded by | Steve Preston |
| Succeeded by | Shaun Donovan |
| White House Cabinet Secretary | |
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In office January 2003 – February 24, 2005 |
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| President | George W. Bush |
| Preceded by | Albert Hawkins |
| Succeeded by | Heidi Smith |
| Personal details | |
| Born |
August 2, 1956 Austin, Texas, U.S. |
| Political party | Republican |
| Education |
University of Texas, Austin University of Houston (BA) |
Brian Darrell Montgomery is the former Assistant Secretary for Housing and Federal Housing Commissioner, within the United States Department of Housing and Urban Development. He was confirmed to the position in February 2005, and resigned in July 2009. He is now a partner at the Collingwood Group, LLC, a business consulting firm.
From January 2001 until January 2003, Montgomery served as Deputy Assistant to the President and Director of Advance, and from January 2003 to April 2005, he served as Deputy Assistant to the President and Cabinet Secretary. While serving in the White House, Montgomery contributed to the policy process on a wide range of issues including the Administration's efforts to boost homeownership, increase access to affordable housing, and to reform both the Real Estate Settlement Procedures Act and the government sponsored enterprises.
Following the Space Shuttle Columbia disaster in February 2003, Montgomery headed up a White House working group to monitor all facets of the accident investigation. This ultimately led to the process that developed the President's vision for space exploration. For this effort, Montgomery was awarded the NASA Exceptional Service Medal in June 2004.
One of Montgomery's primary initiatives since becoming Federal Housing Commissioner has been the creation and promotion of a bill designed to modernize the Federal Housing Administration. The Modernization Bill, which passed the House of Representatives in July 2006, is primarily focused on increasing borrower flexibility through both policy and programmatic changes. Included among them are increased loan limits, updated down payment assistance options, and a risk-based premium structure. The goal of the Modernization Bill was to provide low and moderate-income borrowers a safe homeownership option at a fair price.
Another one of Montgomery's priorities while at the Department of Housing and Urban Development was the preservation of affordable multifamily rental housing, achieved primarily through mortgage insurance as well as flexible refinancing options.
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Wikipedia