H.U.D. Chief Chosen
On his Saturday radio address, President elect Obama announced that he has selected Shaun Donovan to head the Housing and Urban Development Department.
Donovan a trained arhcitect is head of the New York's Housing Preservation and Development Department. He was a former Clinton administration HUD official with a national reputation for curtailing low-income foreclosures, developing affordable housing and managing the nation's largest housing plan,
According to an A.P. release:
Donovan has kept foreclosures to a minimum in the city's low- and moderate-income home ownership plan, with just five of 17,000 participating homes falling. He oversaw the creation of the $200 million New York Acquisition Fund, a collaboration involving the city, foundations and financial institutions. It is intended to help small developers and nonprofit groups compete for land in the private market.