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Obama picks Shaun Donovan to run HUD
comments (0) December 15th, 2008 in Blogs
Richard Defendorf, contributor
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As announced this weekend by President-elect Barack Obama, the man currently serving as New York City’s housing commissioner, Shaun Donovan, will lead the Department of Housing and Urban Development under the new administration.
Donovan, 42, already has HUD experience. He served during the Clinton years as the department’s deputy assistant secretary for multifamily housing, and later became Prudential Mortgage Capital’s managing director of Federal Housing Administration lending and affordable housing investments.
New York Mayor Michael R. Bloomberg named him commissioner of the city's housing department in 2004.
Obama said he wanted his HUD secretary to take a lead role in stemming the tide of foreclosures and increasing the number of families able to remain in their homes amid the crisis, a Los Angeles Times story pointed out.
"What he may be speaking of, which would certainly be interesting and welcome by many sectors of the housing industry, would be a more direct role in the oversight of the affordable housing industry," Jim Parenti, a former HUD official and now associate dean at Georgetown University, told the paper. Donovan would bring "street credibility" to that effort, Parenti added, because of his work in the public and private sectors.
posted in: Blogs, business
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