‘Foong on Finance with MHN’s Keat Foong’: Lunch with Carol Galante

No doubt, industry players wanted to hear what Carol Galante, deputy assistant secretary of the Department of Housing and Urban Development (HUD) had to say.  

Galante heads HUD’s multifamily housing programs, and if you want to know about the Obama’s Administration’s proposals to tighten the FHA multifamily insurance programs, Galante would have the answers.   

Members of the audience packed a large conference room at the law offices of Nixon Peabody recently for the first-ever “Brown Bag Luncheon” event sponsored by the New York Housing Conference (NYHC). 

Galante, for many years the president of BRIDGE Housing Corp. before she was appointed to HUD, said that HUD’s “Transforming Rental Assistance” initiative was a top priority. If enacted by Congress, it would provide a common set of rules for all 13 federal rental assistance programs.