Carol Galante is the I. Donald Terner Distinguished Professor in Affordable Housing and Urban Policy and faculty director of the Terner Center for Housing Innovation. She also co-chairs the Policy Advisory Board of the Fisher Center of Real Estate and Urban Economics. Galante served as the assistant secretary at the U.S. Department of Housing and Urban Development (HUD). As FHA commissioner, Galante had direct responsibility for oversight and administration of the FHA’s trillion-dollar insurance portfolio, which includes single- family and multifamily housing as well as insured health care facilities. Galante served as FHA commissioner during the worst financial crisis since the Great Depression, and one precipitated by the housing market collapse. She also developed signature initiatives that provided better opportunities to low income families; these include Choice Neighborhoods and the Rental Assistance Demonstration Program. Prior to her appointment at HUD, Galante was president and chief executive of BRIDGE Housing Corporation, the largest non-profit developer of affordable, mixed-income and mixed-use developments in California.