Obama Names NY Housing Commissioner to Head HUD

From OneNewsNow
By Philip Elliot

President-elect Barack Obama on Saturday named New York City housing commissioner Shaun Donovan to lead the Department of Housing and Urban Development, turning to a former Clinton administration aide with a national reputation for developing affordable housing.

Obama praised Donovan's record at the New York City Department of Housing Preservation and Development, where he managed a $7.5 billion plan that put a half million New Yorkers in affordable housing. The Harvard-educated architect also kept foreclosures away from New York's low- and moderate-income home ownership plan, with just five foreclosures out of 17,000 participating homes.

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