White House Appoints Treasury Official to Coordinate Housing Policy
The White House recently selected Michael Stegman, a senior official in the U.S. Department of the Treasury, to be the main housing adviser on the National Economic Council (NEC). The NEC is part of the executive office of the president and advises him on domestic and global economic policies. As the housing adviser, he will be tasked to coordinate housing policy across the Obama administration to make sure programs and policy decisions are consistent with the administration’s larger economic goals.
Stegman replaces Seth Wheeler as the White House’s top housing advisor. For the last four years, Stegman has worked at Treasury as counselor to the secretary for Housing Finance Policy. There, he played a role in reforming Fannie Mae and Freddie Mac, as well as expanding access to mortgage credit.