Shaun Donovan Named HUD Secretary by Obama

As reported by Mike Fletcher at the Washington Post, President-elect Barack Obama today named Shaun Donovan, New York City's commissioner of Housing Preservation and Development, to be secretary of Housing and Urban Development.

As head of New York City's housing agency, Donovan, 42, helped lead what was called the nation's largest affordable housing plan, which aims to build or preserve 165,000 units of affordable housing by 2013. He also has led efforts to provide legal and credit assistance and financial education to homebuyers seen as being most prone to predatory lending. Most recently, he has worked as an Obama campaign adviser, after taking a leave of absence from his job in the administration of New York City Mayor Michael Bloomberg.

Donovan previously worked as a deputy assistant secretary of HUD during the Clinton administration and at Prudential Mortgage Capital Co., as managing director of the firm's Federal Housing Administration loans and affordable housing investments.

Obama announced Donovan's selection in his Saturday radio address, calling HUD an agency that will play a pivotal role in ending the nation's economic crisis. More HERE