WASHINGTON, D.C. -- U.S. Senator John Cornyn (R-TX) today introduced San Antonio Mayor Julian Castro at his confirmation hearing to be Secretary of Housing and Urban Development (HUD) before the Senate Banking, Housing, and Urban Affairs Committee. His full statement can be seen here. Excerpts of his remarks are below.
“Mayor Castro’s taken quite a road to get to where he is today, one that’s uniquely Texan and I would say uniquely American.
“I know, if confirmed, he’ll have a lot of tough things to do. Last year for the first time, the Federal Housing Administration received a $1.7… billion infusion of taxpayer cash to cover a shortfall in its insurance fund, brought about by many of the loans that it backed that went south.
“HUD also continues to struggle with its performance and oversight challenges, as identified by the Inspector General. And as we’ve seen with the recent scandal at the Veterans Administration, the American people need leaders who will hold folks accountable, and restore transparency to government.
“And while the issue doesn’t fall squarely within HUD’s jurisdiction, I also look forward to learning more about the Mayor’s views on the future role of Freddie and Fannie, because we know that federal housing policy is not sustainable.
“After meeting with Mayor Castro, I’m encouraged that he would employ the same energetic vision that has characterized his tenure leading Texas’ second largest city, and I look forward to hearing how he would approach some of the specific challenges I’ve identified, and those that will be identified by the committee.”