President-Elect Obama nominates Shaun Donovan as next HUD SecretaryMortgagePress.comBarack Obama, Shaun Donovan, HUD, Steve Preston
President-Elect Barack Obama has announced the nomination of
Shaun Donovan as Secretary of the United States Department of
Housing and Urban Development (HUD).
Current HUD Secretary Steve Preston issued the following
statement on Donovan's nomination as the next HUD Secretary:
"I congratulate Commissioner Donovan on his nomination to be the
next HUD Secretary. HUD and Commissioner Donovan's team at the New
York City Department of Housing Preservation and Development have
worked very closely to build and preserve affordable housing in New
York. "The mission of HUD has never been larger or more important
than it is right now, keeping families in their homes, reducing
chronic homeless, and providing affordable housing free from
discrimination. As the former acting Commissioner of HUD's Federal
Housing Administration, Commissioner Donovan is well aware of the
issues facing American homeowners and the need for HUD to continue
being a major force in helping stabilize the mortgage market.
"Since November, we have been working very closely with
President-Elect Obama's team to transfer responsibilities.
Commissioner Donovan will take over a Department that is in a
better position today than ever before to serve the millions of
Americans who count on HUD. There is much work to be done for the
American people, and his experience will be important for making
this happen. I look forward to supporting Commissioner Donovan as
he transitions into this critical role."
"Shaun Donovan will bring experience, energy and innovative
thinking to HUD at a crucial time in our nation's history," said
John A. Courson, chief operating officer of the Mortgage Bankers
Association. "He has previous experience at HUD both as acting FHA
Commissioner and as Deputy Assistant Secretary for Multifamily
Housing and we welcome his broad knowledge of the issues facing
both the single and multi family markets. His work in the private,
non-profit and academic sectors gives him a unique perspective on
the current turmoil in the housing market and he has been widely
hailed during his time as New York City's Housing Commissioner. We
look forward to working with him to solve the ongoing crisis in the
U.S. housing market."
For more information, visit www.hud.gov.