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May 10, 2012 – NeighborWorks America yesterday said NCUA Board Member Gigi Hyland has been appointed as the organization's chair, succeeding Thomas Curry, who is Comptroller of the Currency.

NeighborWorks is a public-private partnership that facilitates access to affordable housing and community development. Hyland has served as NCUA's representative to the NeighborWorks America Board since 2008.

"For nearly seven years, Tom Curry skillfully led NeighborWorks America's board through a very difficult economic period. I am honored to step into his shoes at this critical juncture," said Hyland. "I look forward to continuing the work begun by Tom to prevent foreclosures where possible, create more affordable housing, and stabilize communities around the country."

As board chair, Hyland will provide strategic leadership and oversight in support of NeighborWorks America's mission to create opportunities for people to live in affordable homes, improve their lives and strengthen their communities.

Determined by statute, NeighborWorks America's board is made up of representatives from the federal financial institution regulatory agencies and the Department of Housing and Urban Development.