Thomas Demery
Encyclopedia
Thomas T. Demery was Assistant Secretary of the United States
Department of Housing and Urban Development (HUD) during the Reagan
presidency. He returned to the private sector in January 1989.
specializing in apartment sales.
From 1982-1986, Demery served as a consultant to the Department of Housing and Urban Development for technical analyses and reviews of selected HUD multifamily mortgages.
On August 11, 1986, during his second term in office, then-President
Ronald Reagan
announced his intention to nominate Demery to be the Assistant Secretary of Housing and Urban Development (Housing-Federal Housing Commissioner). He would succeed Maurice Lee Barksdale. At the time, he was the president of Income Property Services, Inc., a real estate brokerage firm in Birmingham, Michigan.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Department of Housing and Urban Development (HUD) during the Reagan
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....
presidency. He returned to the private sector in January 1989.
Career
Between 1970-1972, Demery was a licensed residential builder. Between 1972-1978, he was chief operating officer of Bloomfield Management Co. After that, between 1978–1981, Demery was a real estate and mortgage brokerMortgage broker
A mortgage broker acts as an intermediary whose brokers mortgage loans on behalf of individuals or businesses.Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more competitive, the role of the mortgage broker has become...
specializing in apartment sales.
From 1982-1986, Demery served as a consultant to the Department of Housing and Urban Development for technical analyses and reviews of selected HUD multifamily mortgages.
On August 11, 1986, during his second term in office, then-President
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....
Ronald Reagan
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....
announced his intention to nominate Demery to be the Assistant Secretary of Housing and Urban Development (Housing-Federal Housing Commissioner). He would succeed Maurice Lee Barksdale. At the time, he was the president of Income Property Services, Inc., a real estate brokerage firm in Birmingham, Michigan.