Bill
PR 26-0632
Confirms Steve Clinton to the DCHFA Board, bringing deep mortgage finance expertise for term through 2026 and 2028 to guide affordable housing financing.
Purpose and intent
- This resolution confirms the appointment of Steve Clinton to the Board of Directors of the District of Columbia Housing Finance Agency (DCHFA).
- Clinton is nominated to fill a vacant seat previously held by Stephen Green, for the remainder of an unexpired term ending June 28, 2026, and for a subsequent term ending June 28, 2028.
- The nomination is for a member with experience in mortgage lending or finance, aligning with DCHFA’s mission and needs.
Key provisions and changes
- Confirmation of appointment:
- Appointee: Steve Clinton, residing at S Street NW, Washington, DC 20009 (Ward 2).
- Position: Board member with experience in mortgage lending or finance.
- Term: Unexpired term ending June 28, 2026; subsequent term ending June 28, 2028.
- Context and authority:
- The appointment is made under the Confirmation Act of 1978 and the DC Housing Finance Agency Act (section 202).
- DCHFA is the agency established to support affordable housing finance in the District.
- Procedural steps:
- The Council is asked to confirm the appointment.
- Upon adoption, a copy of the resolution will be transmitted to the nominee and the Mayor.
- The resolution takes effect immediately.
Nominee qualifications and background
- Steve Clinton is presented as an executive with extensive experience in housing finance, mortgage markets, and public policy:
- Former Chief Financial Officer of the DC Housing Finance Agency (January 2020–May 2025).
- Chartered Financial Analyst (CFA) with over 30 years of experience in housing finance and policy.
- Prior roles include Senior Advisor at the U.S. Treasury (Housing Finance Reform work), leadership roles at Freddie Mac (various senior positions related to single-family operations, pricing, servicing, and securitization), and experience in debt financing, securitization, and mortgage markets.
- Notable areas of expertise cited: mortgage lending/finance, bond markets, securitization, affordable housing (single- and multifamily), and operations/technology leadership.
- Education: BA in Economics from the College of William and Mary.
Who would be affected
- DC Housing Finance Agency (DCHFA) governance: DCHFA would gain a board member with deep expertise in mortgage finance and housing policy, potentially influencing agency strategies, risk management, and financing programs.
- Stakeholders in DC affordable housing: Residents seeking affordable housing financing, lenders, servicers, and policymakers could be affected indirectly through board decisions on loan programs, securitization approaches, and capital strategies.
Significant procedural and timeline aspects
- Action history:
- Introduced: March 31, 2026.
- Referred to Committee on Housing: April 21, 2026.
- Notice of Intent to Act on PR26-0632 published: April 10, 2026.
- Legal sufficiency: The Mayor’s Office of the General Counsel provided a legal sufficiency certification, indicating the resolution is legally unobjectionable.
- Effective date: The resolution takes effect immediately upon adoption.
Additional context
- The nomination aligns with the agency’s needs for board leadership with strong financial and mortgage finance expertise.
- The document includes a detailed executive summary of Clinton’s professional experience and qualifications, underscoring readiness for fiduciary duties on the DCHFA Board.
Compiled from official sources — confirm details with the bill’s official record.
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