WASHINGTON, DC, – The National Housing Conference’s (NHC) President and CEO David M. Dworkin released the following statement in response to Alanna McCargo’s retirement as President of the Government National Mortgage Association (Ginnie Mae) and the appointment of Sam Valverde becoming Acting President:
“President McCargo’s tenure at Ginnie Mae was pivotal in shaping the organization’s success and stability. Leveraging her extensive experience in housing finance, McCargo expanded Ginnie Mae’s resources and impact to better serve historically underserved communities, aligning with the Administration’s push to alleviate the affordable housing shortage. McCargo emphasized the imperative of addressing the racial homeownership gap, a commitment she carried into her role at Ginnie Mae through targeted programs and initiatives tailored to diverse borrower needs. We extend our sincere gratitude to President McCargo for her dedicated service.
Incoming Acting President Sam Valverde has worked tirelessly behind the scenes, supporting the stability and health of Ginnie Mae amidst unprecedented interest rate growth. His appointment signifies a commitment to maintaining continuity in addressing housing affordability and economic equity. Ginnie Mae’s leadership has consistently been marked by market-driven, transparent, and collaborative approaches, and under Valverde’s stewardship, it will undoubtedly remain so.”
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About the National Housing Conference (NHC): Founded in 1931, the National Housing Conference is the oldest and broadest housing coalition in America. NHC is a diverse continuum of affordable housing stakeholders who convene and collaborate through dialogue, advocacy, research, and education, to develop equitable solutions that serve our common interest—an America where everyone is able to live in a quality, affordable home in a thriving community. Politically diverse and nonpartisan, NHC is a 501(c)3 nonprofit organization. To learn more about NHC, visit www.nhc.org.