Ex-HUD Chief Reportedly Aiming at 2020 Bid – NMP Skip to main content

Ex-HUD Chief Reportedly Aiming at 2020 Bid

Mar 13, 2017
New York Gov. Andrew Cuomo, who served as Secretary of Housing and Urban Development under President Bill Clinton, has hired two Florida fundraisers in what might be the groundwork for the 2020 Democratic Party presidential nomination

New York Gov. Andrew Cuomo, who served as Secretary of Housing and Urban Development under President Bill Clinton, has hired two Florida fundraisers in what might be the groundwork for the 2020 Democratic Party presidential nomination.
 
The New York Post is reporting that one of the fundraisers hired by Cuomo is Jon Adrabi, who brought in money for Hillary Clinton’s unsuccessful presidential run last year. Cuomo has repeatedly denied interest in national office and has said that he is focused on his 2018 re-election campaign. But one unnamed source cited by the Post was not convinced by Cuomo’s denials.
“Hiring out-of-state fundraising staff, particularly in a battleground state, opens up money spigots beyond what would normally be available and is a key first step to laying the groundwork for a run,” said the source, who was only identified as a “Democratic operative.”
 
Still, Cuomo appears to be growing his profile. He was named policy chairman of the Democratic Governors Association in December, and earlier this month he addressed a building trades conference in Florida and then flew to Jerusalem for a meeting with Israeli Prime Minister Benjamin Netanyahu. His first Florida fundraiser is reported being planned.
 
“When Hillary Clinton was running he never wanted to have anyone speculate he’s running, but now the strategy is pretty different,” said Karen Hinton, a former Cuomo aide. “He is positioning himself to be seen as a liberal who can speak to a national audience.”
About the author
Published
Mar 13, 2017
California Approves $25B Homebuyer Loan Program, Targeting New Construction

Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach

When AI Takes Action: New Federal Framework Raises Questions

New federal banking guidance examines the risks of autonomous AI, from borrower communications to servicing transactions, with a focus on human oversight and accountability

States Tighten Mortgage Rules For Home Equity Investments

Massachusetts, Maine, and Illinois are expanding oversight of home equity financing

West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations