Capital Change

By Janean Chun

Meet the new SBA nominee.

At press time, President Clinton had just nominated Aida Alvarez as the new administrator of the Small Business Administration. Alvarez, who would replace Philip Lader, has been serving as director of the Office of Federal Housing Enterprise Oversight, where she ensured the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac), the nation's largest housing finance institutions.

The former TV reporter and New York Post journalist has also served on the National Hispanic Leadership Agenda and as national co-chair of the 1992 Clinton presidential campaign's Women's Committee.

Entrepreneur will cover this story at length in a future issue.

This article was originally published in the February 1997 print edition of Entrepreneur with the headline: Capital Change.