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.