November 6, 2009

I'm honored to be starting on November 9th at Treasury and to contribute to the Obama Administration's ongoing efforts to stabilize the housing market and provide relief to struggling homeowners. I am joining the team at Treasury from Washington Area Women's Foundation where I have spent the last two years working to improve economic security for low income, women-headed families in the Washington Metropolitan area.  Through that work, I have gained a true appreciation of the role that a home can play in family economic security and neighborhood stabilization. Prior to leading Washington Area Women's Foundation, I was President of Community Development Banking at Bank of America, leading its tax credit and affordable housing practice nationally.  I look forward to using my housing and community development background to support the Obama Administration's goals to provide relief to homeowners across the United States.

In the months since the President's Homeowner Affordability and Stability Plan was launched, we have seen significant progress, with over half a million mortgage modifications under way. There is much work to be done, and in the months ahead, we will continue to refine the programs available to homeowners and work with mortgage servicers to improve the rate of success. I firmly agree with the President and Secretary Geithner that affordable and sustainable housing is critical to helping American families get back on track and look forward to working to advance that goal.”