Ralph M. Perrey has been selected as the next executive director of the Tennessee Housing Development Agency (THDA).

Perrey, who has been on the THDA board of directors, was chosen from a field of 37 candidates.

He replaces Ted R. Fellman, who is leaving the agency after 17 years of service. Fellman has spent the last seven as executive director.

Perrey comes to THDA’s team from Fannie Mae, where he has held a number of positions, including director of the Tennessee Community Business Center, coordinator of the company's Central Appalachian Initiative, and national co-lead of the Public Entities Loan Team. Prior to joining Fannie Mae in 2000 he served on the senior staff of former Tennessee Gov. Don Sundquist, handling a variety of policy and communication responsibilities.

He started his second stint on the THDA board in July 2011, appointed by Speaker of the House Beth Harwell. He also served from 2001 to 2005 by appointment of Gov. Don Sundquist and from 2005 to 2009 by appointment of Gov. Phil Bredesen.