Frank Cassidy has announced he has stepped down as commissioner of the Federal Housing Administration (FHA) and Assistant Secretary for Housing.
Cassidy joined the Department of Housing and Urban Development in April 2025 and was confirmed by the Senate as FHA commissioner last December. In a LinkedIn post, he called his service in the Trump administration “the honor of a lifetime” and said he would be returning the private sector and “get back to my passion of doing deals.”
“After a long year commuting between Philadelphia and Washington DC, I’m looking forward to spending more time with my family—especially my wife and our one-year-old daughter, Margot,” he stated. “I wish HUD continued success as it begins its next chapter in its new Virginia headquarters.”
Before joining the administration, Cassidy was senior managing director at Walker & Dunlop, and earlier in his career he held vice president positions at Newmark Knight Frank and Berkeley Point Capital.
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