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Founder, Research Fellow


Dr. Michael A. Stegman, now a Senior Fellow in the Housing Finance Program at the Center for Financial Markets at the Milken Institute, founded the center in 1997 while serving as chair of UNC’s Department of Public Policy and MacRae Professor of Public Policy and Business.

Dr. Stegman’s interest in asset-building strategies for low-income Americans and communities grew while serving in the Clinton Administration as assistant secretary for policy development and research at the U.S. Department of Housing and Urban Development. Since founding the Center, Dr. Stegman has served as a counselor for housing finance policy at the U.S. Department of the Treasury, as the director of policy and housing for the MacArthur Foundation, at the Bipartisan Policy Council in Washington D.C., and as a senior policy adviser for housing for the National Economic Council in the White House.