President-elect Barack Obama has named Shaun Donovan, New York City's commissioner of housing preservation and development, to be the next secretary of the U.S. Department of Housing and Urban Development (HUD).
The Mortgage Bankers Association and National Low Income Housing Coalition (NLIHC), among other industry groups, expressed their support for Obama's choice. ‘Shaun Donovan will bring experience, energy and innovative thinking to HUD at a crucial time in our nation's history,’ says John A. Courson, chief operating officer of the MBA. ‘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-family and multifamily markets.’
‘Shaun Donovan is brilliant choice for HUD. He is an expert on the full range of housing issues and has a proven track record of getting things done,’ adds Sheila Crowley, president of NLIHC. ‘And he enjoys high regard across the spectrum of housing interests, from low-income housing and homeless advocates, public officials, developers and financiers alike.’
Sources: Mortgage Bankers Association, National Low Income Housing Coalition