Scott Turner, newly confirmed as the Secretary of Housing and Urban Development, has outlined his priorities for the agency in an interview with The Wall Street Journal. Turner's focus will be on several key areas, with the privatization of Fannie Mae and Freddie Mac at the forefront.

"There are partners that will be at the table and obviously we'll be one of them," Turner told the publication. He plans to work closely with the Treasury Department and Congress, describing his role as a "quarterback" in the process. "When you're a quarterback, you've got to work with the entire huddle," he said.

Turner also intends to launch a comprehensive review of HUD to identify inefficiencies and streamline operations. "All programs and policies will be looked at with a fine-toothed comb," he said, indicating that this review would include policies related to diversity, equity, and inclusion.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.