Monday night, by a vote of 62 to 34, the U.S. Senate confirmed Alabama-native Paul Compton, Jr. to be the next General Counsel of the Department of Housing and Urban Development (HUD).
HUD Secretary Ben Carson welcomed the Senate’s action and said it comes at a critical time as the Department prepares to support the long-term recovery efforts following Hurricanes Harvey, Irma and Maria and other natural disasters that have affected the country.
“Paul’s extensive background in real estate and housing finance will be a tremendous asset to this Department as we continue to support our nation’s housing markets and our state and local partners recovering from recent disasters,” said Carson. “I look forward to adding Paul’s expertise to our highly experienced senior team.”
A former partner of the Birmingham-based law firm of Bradley Arant Boult Cummings, LLP, Compton is listed by Chambers USA as one of America’s leading business lawyers on issues related to banking, finance and regulatory matters. He has vast legal expertise in the areas of multifamily affordable housing finance, tax credit transactions and residential mortgage securitization and has also served as a legal advisor to the Alabama Affordable Housing Association (AAHA), a trade organization for developers, property managers, lenders, investors and service providers for affordable housing.