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WASHINGTON, July 12, 2004- Agriculture Secretary Ann M. Veneman
today announced the selection of Russell T. Davis as administrator for
Rural Housing Service, an agency within USDA’s Rural Development
mission area. Davis will be responsible for managing the programs and
support functions of Rural Development’s housing programs which
provide assistance to disadvantaged communities through grants and loans
and technical assistance to communities and rural citizens.
“Russell Davis brings extensive knowledge
and experience in the financial services industry to the USDA as administer
of Rural Development housing programs,” said Veneman. “His
combined tenure in the private and public sector will provide strong leadership
to address America’s rural housing needs.”
Davis, originally of Kennewick, Wash.,
is currently senior policy advisor in the Office of Sallie Mae Oversight
of the U.S. Department of the Treasury. He began his career in public
financing in 1983 working for a private bond firm in New York, where he
structured over 25 tax-exempt bond issues supporting public authorities.
During the previous Bush Administration, Davis served as the Acting Deputy
Assistant Secretary for Housing Operations at the U.S. Department of Housing
and Urban Development, managing over 600 employees and the operations
of the Federal Housing Administration’s $350 billion insurance portfolio.
Davis received a Bachelor of Arts degree from Harvard
College and is currently pursuing a Masters of Art degree in applied economics
at Johns Hopkins University.
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