Raphael Bostic has been elected to the board of governors of Freddie Mac, the government-sponsored enterprise announced Wednesday.
Bostic, 48, served as assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development from 2009 to 2012. In this position, Bostic was a principal advisor to the Secretary of HUD on policy and research.
Since leaving HUD in 2012, Bostic has served as Bedrosian Chair in governance and public enterprise at the Sol Price School of Public Policy at the University of Southern California. He is also pretty good at housing predictions.
Prior to joining HUD in 2009, Bostic held several positions at USC, including as a professor at the School of Policy, Planning, and Development.
"We are very pleased that Raphael is joining the Freddie Mac Board of Directors," said Christopher Lynch, Freddie Mac's non-executive chairman.
"He is an expert on housing policy with a deep understanding of housing finance, as well as community and economic development,” Lynch added. “We anticipate that Raphael will bring valuable insights to the board during a critical time for the national housing finance industry."