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HUD Secretary Jackson To Step Down

WASHINGTON, DC-Secretary Alphonso Jackson's achievements will continue to be implemented as the government continues to battle the fallout from the subprime mortgage crisis.

By Erika Morphy | Updated on March 31, 2008

WASHINGTON, DC-Housing and Urban Development Secretary Alphonso Jackson is stepping down from his post on April 18. “During my time here, I have sought to make America a better place to live, work and raise a family,” he says. “I take great pride in working alongside some of the most dedicated civil servants in America. The hardworking people at HUD make a difference in the lives of thousands of Americans daily.”

A former CEO of the Dallas Housing Authority, Jackson has come under fire for politicizing the contract process at HUD; last year, for instance, it was widely reported that at a private speech he told of canceling a contract with someone who did not support the Bush Administration. Jackson apologized for and then retracted the comments as untrue. However the incident set off an internal investigation that expanded to include involvement from the Senate and the Justice Department.

During his tenure at HUD, Jackson has also helped the Bush Administration develop a new arsenal of tools to defuse the housing crisis after the subprime mortgage debacle. These have included the creation of FHASecure, which Jackson implemented in Sept. 2007 and helped more than 130,000 families refinance their exotic subprime loans. Jackson also led the Administration’s efforts on Capitol Hill to further modernize the FHA. He helped assemble a private-sector group called the HOPE NOW Alliance.

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