Remarks by new HUD Secretary Steve Preston at swearing-in ceremonyMortgagePress.comHUD, Steve Preston, housing FHA, President Bush
Mr. President, Chief of Staff Bolten, Molly, my children, my
parents, current and former members of the Cabinet, my new partners
at HUD, distinguished guests, my friends, thank you all for being
here today-seeing all of you is very humbling.
It is a profound privilege to serve our country as Secretary for
Housing and Urban Development, and to be a voice for the people
helped by this agency.
Thank you, Mr. President, for your confidence and trust.
I am also thankful to Senators Dodd and Shelby for their work in
expediting my confirmation.
Ladies and gentlemen, it is appropriate that we gather here.
This building is named after Robert C. Weaver, who was the first
secretary of the department. Dr. Weaver said that we cannot treat
people like they are facts or statistics.
Instead, he asked the people who work here to look behind the
data, to see the values and the concerns and the hopes and the
lives of the families we serve.
We assist the homeless to find shelter. We help provide millions
of Americans with affordable and public housing. Families who want
to buy a home often turn to us. And we help those with homes keep
We know that homeownership can be a source of pride, a stake in
the community, a place to grow up and grow old together, and a
source of wealth creation. And we help build and rebuild
At the moment, there are difficulties in the housing market.
This is a decisive moment in economic history. HUD will be central
to restoring financial stability.
In fact, just in the last year, thanks to changes made by you,
Mr. President, FHA is increasingly a pathway for hundreds of
thousands of families to a more affordable, secure mortgage.
While we are all committed to addressing the immediate
challenges in the housing market, we must also think of the future.
We must provide a longer-term foundation for reform in the
institutions that give homeowners access to capital to make the
American Dream possible, while also generating enduring confidence
in our financial markets.
As we confront these challenges, we are blessed with talented
and committed employees at HUD. You understand that we can make a
difference. In the next few months we will need the best efforts of
each person at HUD.
I look forward to working with you and our partners in the
Administration. And I am committed to collaborating in a bipartisan
fashion with Congress on the path ahead.
Ladies and gentlemen, let's roll up our sleeves. We have work to
do. And we will do this work together, as a team, serving our great
For more information, visit www.hud.gov.