Lending

HUD officially appoints Richard Green as senior advisor for housing finance

Leaves USC Lusk Center for Real Estate to replace Edward Golding

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The U.S. Department of Housing and Urban Development officially named its replacement for former HUD Senior Advisor Edward Golding, who recently took over as head of the Federal Housing Administration.

Richard Green, who currently serves as the director of the University of Southern California Lusk Center for Real Estate, will take over for Golding as senior advisor on housing finance in the Office of Policy Development and Research.

Green’s appointment was previously announced last month in a release provided by the Lusk Center.

During the one-year appointment, which began this month, Green will advise on the creation of a sustainable housing system that provides support during market disruptions, HUD said in a release Friday.

Within the Office of Policy Development and Research, Green will help set the agenda for housing finance research and play a key role in a range of housing finance projects.

Specifically, Green will help guide HUD’s ongoing efforts to ensure continued access to homeownership and multifamily investment opportunities for creditworthy borrowers.

Green will also be part of the Office of Policy Development and Research’s work with the FHA and participate in cross agency housing groups, such as the Rental Policy Working Group and others.

Green, who served as principal economist and director of financial strategy and policy analysis at Freddie Mac earlier in his career, will serve a one-year term in the role of senior advisor.

According to Green’s bio, prior to joining the USC faculty, he spent four years as the Oliver T. Carr, Jr., Chair of Real Estate Finance at The George Washington University School of Business. Green was also director of the Center for Washington Area Studies and the Center for Real Estate and Urban Studies at George Washington.

“We’re delighted that Richard is bringing his significant experience and talent to HUD this year,” Katherine O’Regan, HUD’s Assistant Secretary for Policy Development and Research said. “His expertise will be immediately leveraged both for our housing finance efforts today and to help set our future research agenda.”

Green will return as director of the University of Southern California Lusk Center for Real Estate after June 2016.

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