Senate Banking Panel Advances HUD Nominee

castro-julian-bloomberg-204x195.jpg
Julian Castro, mayor of San Antonio, speaks during an interview inside the Bloomberg Link during day three of the Democratic National Convention (DNC) in Charlotte, North Carolina, U.S., on Thursday, Sept. 6, 2012. Four years after the nation made history by electing him the first African-American president, Barack Obama asked for a second term with a pledge to keep rebuilding a battered economy in a way that “may be harder but it leads to a better place.” Photographer: David Paul Morris/Bloomberg *** Local Caption *** Julian Castro

The Senate Banking Committee approved Julian Castro, the mayor of San Antonio, on Wednesday to head the Department of Housing and Urban Development.

The committee voted 16-6 in favor of Castro, who testified at a confirmation hearing earlier this month that he would work to help pass housing finance reform in Congress. He also said he would continue to strengthen the finances of the Federal Housing Administration to avoid another government infusion like that required last year – the first in the agency’s 80-year history.

Castro’s nomination now moves to the Senate floor. If confirmed, he will succeed Shaun Donovan, who has been nominated to head the Office of Management and Budget. 

Related:

HUD Nominee Ducks Questions About Eminent Domain at Hearing

Housing Finance Lobby Pins Hopes on HUD Nominee

Obama to Name San Antonio Mayor to Lead HUD in Cabinet Reshuffle

This article originally appeared in American Banker.
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