Board of Directors of the District of Columbia Housing Finance Agency Steve Clinton Confirmation Resolution of 2026

M
URIEL BOWSER
MAYOR
March 31, 2026
The Honorable Phil Mendelson
Chairman
Council of the District of Columbia
John A. Wilson Building
1350 Pennsylvania Avenue, NW, Suite 504
Washington, DC 20004
Dear Chairman Mendelson:
In accordance with section
2 of the Confirmation Act of 1978, effective March 3, 1979 (D.C. Law 2-
142; D.C. Official Code § 1-523.01), and pursuant to section 202 of the District of Columbia Housing
Finance Agency Act, effective March 3, 1979 (D.C. Law 2-135; D.C. Official Code § 42-2702.02), I
am pleased to nominate the following individual:
Mr. Steve Clinton
S Street, NW
Washington, DC 20009
(Ward 2)
for appointment as a member with experience in mortgage lending or finance of the Board of Directors
of the District of Columbia Housing Finance Agency, filling a vacant seat formerly held by Stephen
Green, for the remainder of an unexpired term to end June 28, 2026, and for a subsequent term to
end
June 28, 2028.
Enclosed, you will find biographical information detailing the experience of the above-m entioned
nominee, together with a proposed resolution to assist the Council during the confirmation process.
I would appreciate the Council’s earliest consideration of this nomination for confirmation. Please
do not hesitate to contact me, or Steven Walker, Director, Mayor’s Office of Talent and
Appointments, should the Council require additional information.
Sincerely,
Muriel B owser
Mayor
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A PROPOSED RESOLUTION
:#IP~
ChairmanPhil Mendelson
at the request of the Mayor
10 IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
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15 To confirm the appointment of Steve Clinton to the Board of Director of the District of Columbia
16 Housing Finance Agency s.
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18 RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, that this
19 resolution may be cited as the "Board of Directors of the District of Columbia Housing Finance
20 Agency Steve Clinton Confirmation Resolution of 2026".
21 Sec. 2. The Council of the District of Columbia confirms the appointment of:
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23 Steve Clinton
24 S Street, NW
25 Washington, DC 20009
26 (Ward 2)
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28 as a member with experience in mortgage lending or finance of the Board of Directors of the
29 District of Columbia Housing Finance Agency, established by section 202 of the District of
30 Columbia Housing Finance Agency Act, effective March 3, 1979 (D.C. Law 2-135; D .C .
31 Official Code § 42-2702.02), filling a vacant seat formerly held by Stephen Green, for the
32 remainder of an unexpired term to end June 28, 2026, and for a subsequent term to end June 28,
33 2028.
34 Sec. 3. The Council of the District of Columbia shall transmit a copy of this resolution,
3 5 upon its adoption, to the nominee and to the Mayor.
36 Sec. 4. This resolution shall take effect immediately.
STEPHEN J. CLINTON, CFA
EXECUTIVE SUMMARY
FUNCTIONAL ROLES: CHIEF FINANCIAL OFFICER, HOUSING POLICY, BOND MARKET EXPERTISE,
SECURITIZATION, OPERATIONS
Financial Expert: Chief Financial Officer. MBS Trader/Secondary Marketing Manager/Mortgage Credit Pricing
Officer/MBS Bank Portfolio Manager/US Fixed Income Market expertise.
Enterprise Expert-Strategic/Public Policy: Affordable Housing expertise both single and multifamily products.
Senior Advisor on Housing Finance Reform for US Treasury Department. Senior Executive during the
delinquency crises and conservatorship representing Freddie Mac on systemic improvement projects with FHFA,
US Treasury, White House, Congress, and other industry players during the 2008 and beyond housing crises.
Operations/Technology: Senior Advisor to the US Treasury Department focused on developing a strategic plan
for debt auction process. SVP of Single Family Operations managing thousands of
lenders/servicers/systems/processes in large systemically important markets.
PROFESSIONAL EXPERIENCE
WASHINGTON DC HOUSING FINANCE AGENCY
Chief Financial Officer January 2020-May 2025
• Responsible for all financial matters including accounting, reporting, budget planning, cash management,
investing and financial risk management.
• Member of the senior executive staff with voting rights on all financial transactions.
• Member of strategic planning committee.
• Active in community, trade associations and public policy associated with low and moderate income housing.
US TREASURY DEPARTMENT Washington DC
Senior Advisor April 2018-January 2020
• Advisor responsible for structure re-design of SBA’s 40B small business loan securitization program
• Subject matter expert contributing to the creation of the US Treasury plan as authorized from a Presidential
Memo in March of 2019 for housing finance reform for consumption by the US Congress, FHFA and the
industry at large.
• Responsible for developing the strategic plan focused on the US Treasury Debt Financing operational
process and technical infrastructure. Engaged various US Treasury Departments, Federal Reserve Bank of
New York and Richmond to design a 3-5-7 year plan of how best to operationalize the financing of the US
Government.
FREDDIE MAC McLean, Virginia
Senior Vice President, Enterprise Management-Strategic Initiatives 2012 – Sept. 2017
Primary point of contact to Freddie Mac’s regulator (FHFA) on strategic policy issues. Key business strategist on
GSE reform inquiries from Congress, Treasury, trade groups, etc. Primary Freddie Mac strategist on the creation and
development of the Common Securitization Platform. Primary Freddie Mac oversight manager for the Freddie
Mac/Fannie Mae joint venture operating company (Common Securitization Solutions) which was established to run
the joint securitization platform. One of the primary business executives on the Single Security project that will
transform the existing $4 trillion agency “To Be Announced” mortgage backed security market.

Clinton/Page 2
Senior Vice President, Enterprise Program Management Office 2016 – Sept. 2017
Executive lead focused on second line oversight of a $500 million annual project budget providing assessments to
CEO, Board of Directors, and FHFA on overall health of the firm’s consequential projects.
Senior Vice President, Single-Family Operations 2011 – 2012
Managed a team of 600 people responsible for the purchase, securitization, bond administration, and master servicing
of Freddie Mac’s entire Single-Family loan portfolio. Direct lines included managing process and systems associated
with the purchasing of over $300 billion per year in loan volume, securitization portfolio of greater than 300,000
bonds, and master servicing 12 million loans with $1.6 trillion of outstanding mortgage credit guarantees.
Vice President, Servicing Operations 2010 – 2011
Managed a team of 400 people focused on mortgage loan master servicing operations for Freddie Mac’s 12 million
single-family loan portfolio in the height of the delinquency and foreclosure crises. Functions included performing
loan management, delinquent loan reporting, loss mitigation, foreclosure management, delinquent loan expense
reimbursements, third-party credit enhancement claims, and a consumer-facing call center.
Vice President, Customer & Change Management, Single-Family Operations 2009 – 2010
Managed a team of 125 people focused on integrating operational change into external lender and servicer operations.
Concurrently managed a business-to-business call center for lenders/servicers and delinquency crisis consumer call
center for distressed borrowers.
Director, Non-Standard Transactions, Single-Family Operations 2007 – 2009
Manager of a cross-divisional operations team charged with facilitating the execution of nonstandard transactions.
Director, Single Family Mortgage Credit Pricing 2004 – 2007
Responsible for managing a pricing team of 15 people charged with mortgage credit pricing terms for over 1,000
primary market lenders. Set pricing levels on hundreds of billions of dollars of loan purchases, managed market share,
negotiated contracts, and tracked agency and private label market executions.
E*TRADE BANK Arlington, Virginia 2001 – 2004
Global Asset Management Group
Portfolio Manager: Managed E*TRADE Bank’s $3 billion whole-loan mortgage portfolio.
Secondary Marketing: Responsible for managing a $1-2 billion mortgage pipeline for E*Trade Correspondent.
Servicing Portfolio Manager: Initiated and managed E*TRADE’s mortgage servicing portfolio.
BLACKBIRD Charlotte, NC 2000 – 2001
International institutional electronic trading company for interest rate swaps and other financial instruments
Director of Product Development/MBS
Executive responsible for building and marketing of Blackbird’s electronic trading system for mortgage securities.
FREDDIE MAC McLean, Virginia
Director, Structured Transactions Group 1998 – 2000
Transaction group focused on the purchase and securitization of large (>$100mm) nonstandard mortgage portfolios.
Mortgage Securities Marketing (MSM) 1994 – 1998
Security Sales and Trading Group (SS&TG) 1989 – 1994
Bond trader for Freddie Mac’s in house broker-dealer
OTHER
Public Speaking: Frequent public speaker on housing policy to include affordable housing and GSE reform
Education
College of William and Mary, B.A. Economics 1984- Varsity Baseball
Chartered Financial Analyst
E
xecutive Office of the Mayor – Mayor’s Office of Talent and Appointments
John A. Wilson Building | 1350 Pennsylvania Avenue, Suite 600 | Washington, DC 20004
S
teve Clinton
M
r. Steve Clinton joined the District of Columbia Housing Finance
Agency (DCHFA) in January 2020, recently retiring in May 2025. He
served as the Chief Financial Officer (CFO). Mr. Clinton is a Chartered
Financial Analyst with over 30 years of experience in the U.S. housing
finance and policy sector.
Recently, Mr. Clinton was a Senior Housing Policy Advisor for the U.S.
Department of the Treasury where he contributed to the Housing Reform
Plan released in September 2019 that was pursuant to the Presidential
memo of March 2019 related to reform of U.S. Housing Finance.
Additional U.S. Treasury assignments held by Mr. Clinton included a
role as an advisor to the FISCAL Bureau of the Office of Domestic
Finance of the U.S. Treasury Department. At the FISCAL Bureau, Mr. Clinton focused on strategic
planning to include the processes, operations and technology associated with the multi -trillion-
dollar U.S. Debt issuance market. He also spent time as a Senior Advisor to the Small Business
Administration (SBA) Office of Capital Access focused on the SBA’s 40B secondary market
program. In all of Mr. Clinton’s assignments in the last two years as a senior advisor in the U.S.
Government, he was valued for his vast expertise in financial markets, asset backed securitizations,
and overall familiarity with the U.S. housing and fixed income Market.
Prior to joining the U.S. Treasury Department, Mr. Clinton spent 25 years at Freddie Mac leaving
in 2017 as a Senior Vice President. While at Freddie Mac, he had the unique experience of working
in both the front (capital markets/finance) and back offices (operations, technology). This diverse
housing finance market experience included roles ranging from the Senior Vice President of
Single-Family Operations to Director of Single-Family Mortgage Credit Pricing to bond trader for
the broker dealer desk of Freddie Mac. Mr. Clinton has managed teams as large as 600 and been a
key participant in multi-billion-dollar housing related securitization transactions. This range of
experience in financial transactions, operations and leadership led him to the role of Senior Vice
President of Conservatorship for Freddie Mac in the aftermath of the 2008 financial crises.
A Ward 2 resident, Mr. Clinton earned his Bachelor of Arts in Economics from the College of
William and Mary.

GOVERNMENT OF THE DISTRICT OF COLUMBIA
Executive Office of Mayor Muriel Bowser
Office of the General Counsel to the Mayor
______________________________________________________________________________
The John A. Wilson Building • 1350 Pennsylvania Avenue, NW • Suite 300 • Washington, D.C. 20004 • Office (202) 724-7681
To: Tomas Talamante, Steve Walker
From: Betsy Cavendish
Date: March 18, 2026
Subject: Legal sufficiency review of Resolution s nominating Steve Clinton and Edward
Fisher as members of the Board of Directors of the District of Columbia Housing
Finance Agency
This is to Certify that this office has reviewed the above -referenced resolution s and
found them to be legally unobjectionable. If you have any questions in this regard, please do not
hesitate to call Erika Satterlee, Deputy General Counsel, Executive Office of the Mayor, at 202-
724-1303, or me at 202-724-7681.
______________________________

Elizabeth A. (Betsy) Cavendish