; (22) may invest in the development of acquisition of systems, technology, or other capital resources, to enhance its ability to carry out the purposes of this title; and (23) shall have and exercise all powers necessary or appropriate to effect any of the purposes of this title and title II. 524. Board of Directors (a) In General The powers of the FHA, including direction over policy and operations, shall be vested in the Board of Directors of the FHA. (b) Members and Appointment The Board of Directors shall consist of 7 members, as follows: (1) Voting members 5 voting members appointed by the President, by and with the advice and consent of the Senate, who shall include— (A) not less than one individual who has experience in mortgage finance; and (B) not less than one individual who has experience in affordable housing serving low- and moderate-income populations. (2) Non-voting members Two non-voting members, who shall be— (A) a representative of Department of Housing and Urban Development, appointed by the Secretary of Housing and Urban Development; and (B) a representative of the Rural Housing Service, appointed by the Secretary of Agriculture (c) Chairperson The Board shall elect a chairperson from among its members. (d) Terms (1) In general Each member of the Board appointed under subsection (b)(1) shall be appointed for a term of 3 years, except as provided in paragraphs (2) and (3) of this subsection. (2) Terms of initial appointees As designated by the President at the time of appointment, of the members first appointed to the Board pursuant to paragraphs (3) and (4) of subsection (b)— (A) 1 shall be appointed for a term of 1 year