Federal Housing commissioner

One of Montgomery's primary initiatives once he became Federal Housing commissioner was the creation and promotion of a bill designed to modernize the Federal Housing Administration. The Modernization Bill, which passed the House of Representatives in July 2006, is primarily focused on increasing borrower flexibility through both policy and programmatic changes. Included among them are increased loan limits, updated down payment assistance options, and a risk-based premium structure. The goal of the Modernization Bill was to provide low and moderate-income borrowers a safe homeownership option at a fair price.^[2]

Another one of Montgomery's priorities while at the Department of Housing and Urban Development was the preservation of affordable multifamily rental housing, achieved primarily through mortgage insurance as well as flexible refinancing options.^[2]

Montgomery's time at the Department of Housing and Urban Development has also been marked by extensive work with Hurricane Katrina disaster victims. He chaired the Department of Housing and Urban Development's Hurricane Recovery and Response Center at Headquarters and helped coordinate and secure temporary and long-term housing for displaced persons.^[2]

During Montgomery's tenure as Federal Housing Commissioner, the Department of Housing and Urban Development also launched a campaign meant to educate African-Americans looking to buy their first homes. He was interviewed by National Public Radio on the subject.^[8]

Montgomery was the 2008 recipient of the Robert J. Corletta Award for Achievement in Affordable Housing. The Corletta Award, presented annually by the National Association of Home Builders (NAHB) and the Neighborhood Development Collaborative (NDC), pays tribute to individuals who have shown extraordinary creativity and dedication to the cause of affordable housing.

Acting Secretary of Housing and Urban Development

Steve Preston, the fourteenth United States Secretary of Housing and Urban Development, left office on January 20, 2009, with the inauguration of Barack Obama as the 44th President of the United States. Montgomery assumed the position of acting secretary until Obama appointee Shaun Donovan was confirmed by the United States Senate^[9] on January 22.^[10] Donovan was sworn in on January 26.^[11]

Deputy Secretary, HUD

With the departure of Pam Patenaude in January 2019, Montgomery served as the acting United States Deputy Secretary of Housing and Urban Development.^[4] In October 2019, Montgomery was nominated to become the next Deputy Secretary of Housing and Urban Development.^[5] He was confirmed to the position on May 12, 2020.^[6] As Deputy Secretary, Montgomery oversaw both the FHA and Ginnie Mae while also managing the day-to-day operations of the agency including Disaster Recovery, Field Policy & Management, the Office of the Chief Financial Officer, the Office of the Chief Information Officer, and the Office of Administration. Montgomery also advised and assisted the Secretary in leading the Department’s nearly 8,000 employees and $53 billion annual budget. Montgomery oversaw more than $55 billion in Disaster Recovery funding targeted at 17 states and the Commonwealth of Puerto Rico.

Montgomery led the agency’s COVID-19 response which included a myriad of process and policy modifications and extensive coordination with the Consumer Financial Protection Bureau and Federal Housing Finance Agency to assist FHA borrowers impacted by the coronavirus. Montgomery also helped develop solutions for Public Housing Authorities and subsidized housing property owners dealing with impacted tenants as well as state/local governments and tribal nations as they assisted vulnerable constituencies including homeless populations.