Last week the U.S. Senate, by unanimous voice vote, confirmed the nomination of Steve Preston, now former administrator of the Small Business Administration, as secretary of the Housing and Urban Development Department (HUD).

“Steve is a strong leader whose understanding of our financial markets and strong management skills make him highly qualified to serve in this important position,” Bush said Thursday. Preston was confirmed June 4 and sworn in June 6.

Deputy Administrator Jovita Carranza is now SBA’s acting administrator, until White House officials name a permanent replacement. Preston has made many reforms at SBA since he was sworn in as administrator in July 2006. His major initiative as administrator involved re-evaluating size standards for small businesses for federal contracts and set-aside programs. The last major overhaul of that magnitude was undertaken in the early 1980s.

During Preston’s tenure, SBA launched the Small Business Procurement Scorecard to grade agencies’ attempts to award a certain percentage of their contracting dollars to small businesses. SBA is still working on a proposed acquisition rule intended to give woman-owned small businesses more opportunities in federal contracting. However, lawmakers and industry officials have criticized the rule because while it would allow agencies to set aside contracts for women business owners, it would limit those contracts to a few select industries, such as kitchen cabinet-making.

Prestons role as secretary of HUD will be fairly significant as the $300 billion legislation is going through the Congress presently that will address the present problems with the mortgage industry, which has taken a toll on the small-business community.