ALEXANDRIA, Va. (5/10/12)--National Credit Union Administration (NCUA) board member Gigi Hyland has become the board chair of NeighborWorks America, an affordable housing and community development organization.
Hyland has been the NCUA's representative to the NeighborWorks board since 2008, and she succeeds Thomas Curry as chair. In announcing her appointment, Hyland said, "I look forward to continuing the work begun by Tom to prevent foreclosures where possible, create more affordable housing, and stabilize communities around the country."
NeighborWorks America works to provide access to homeownership and to safe and affordable rental housing. In the past five years, NeighborWorks' affiliated organizations have generated more than $19.5 billion in reinvestment in their communities, according to a release, which also stated that NeighborWorks America is the nation's leading trainer of community development and affordable housing professionals.
Determined by statute, NeighborWorks America's board consists of the heads of the financial regulatory agencies and the U.S. Department of Housing and Urban Developoment, who are presidential appointees subject to Senate confirmation, or their statutorily designated representatives.