President Obama Appoints BRIDGE President and CEO to Position at HUD
- Mar 17, 2009
San Francisco–President Barack Obama has appointed Carol Galante, president and CEO of BRIDGE Housing, as deputy assistant secretary for Multifamily Housing Programs at the U.S. Department of Housing and Urban Development (HUD). As deputy assistant secretary, Galante will be responsible for HUD’s financing support for the development and preservation of privately-owned rental housing (a current portfolio of over $58 billion) and will be integral to several new initiatives that promote sustainable development.“Having previously served in the position Galante will step into, I am extremely confident that her proven track record in multifamily housing is exactly what HUD needs to move that division forward,” says HUD Secretary Shaun Donovan. “She is one of the nation’s most innovative affordable housing leaders and will be a tremendous asset during our nation’s housing crisis, especially as HUD moves forward [on] an aggressive policy agenda.”Galante says, “President Obama and Secretary Donovan share a compelling vision for positive change in our nation’s metropolitan areas, and I’m looking forward to bringing some of the ideas garnered from my work in California, including transit development and green building programs to today’s national challenges.”Galante, who joined BRIDGE as vice president in 1987, stepped up to head the company in 1996 when founding president Don Terner died in a plane crash.The Board of Directors has asked BRIDGE Executive Vice President Lydia Tan to serve as interim president. Tan has worked for BRIDGE since 1991.