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Posts Tagged ‘jim demint’

Galante finally Approved to Lead FHA

January 2nd, 2013 Comments off

NationalMortgageNews reports over a year after the Senate Banking Committee voted to send Carol Galante’s confirmation to the full Senate as Commissioner of the Federal Housing Administration (FHA), the Senate voted 69-24 to confirm her appointment Sunday during a special session dealing with the fiscal cliff controversy. As MHProNews reported Dec. 14, 2011, Sen. Jim Demint, (R-SC), leveling charges at Ms. Galante of being short-sighted at a Senate Banking Committee hearing on her nomination, said, “We need people with a sense of urgency (italics added) about the need to turn things around and reduce our debt and avoid future bailouts.” Sen. Bob Corker (R-Tenn.), noting more needs to be done to repair FHA’s financially challenged single-family program, says as the confirmed commissioner Galante can now assemble her own staff and take more aggressive steps. The acting head of FHA since July 2011, she will also serve as a HUD assistant secretary.

(Photo credit: HUD GOV–Carol Galante)

Energy Efficient Tax Credits for MH/MOD Defeated

March 15th, 2012 Comments off

From Washington, D.C. the Manufactured Housing Institute (MHI) tells MHProNews.com the Stabenow amendment to the Senate’s surface transportation reauthorization legislation (S.1813), which would have extended the energy efficient tax credits for MH and Mod, did not get the required 60 votes needed for passage. Sen. Jim DeMint (R-SC) led the opposition to a 49-49 deadlock. MHI says proponents will regroup and begin working with legislators including Sen. Olympia Snowe (R-ME), Sen Max Baucus (D-MT), and Majority Leader Sen. Harry Reid (D-NV) to renew the six credits. Under the New Energy Efficient Home Credit, manufacturers of ENERGY STAR homes received $1,000 and modular home builders received $2,000, but that expired Dec. 31, 2011. MHI strongly suggests contacting your representative in Congress to support the extension.

(Photo credit: Wikipedia–U.S. Capitol)