Saturday, December 13, 2008

Obama Promises Not To Pat His New HUD Secretary On The Head


Shuan Donovan is Obama's HUD Secretary Designee


President-elect Barack Obama has chosen Shaun Donovan, New York City's housing commissioner, to be his secretary of Housing and Urban Development.

He said HUD is essential in the effort to address the mortgage crisis, which he said "not only shakes the foundation of our economy, but the foundation of the American Dream."

"To stem the rising tide of foreclosures and strengthen our economy, I've asked my economic team to develop a bold plan that will dramatically increase the number of families who can stay in their homes," Obama said. "But this plan will only work with a comprehensive, coordinated federal effort to make it a reality."

Donovan has experience working in business, academia and at HUD during the Clinton administration.

"Trained as an architect, Shaun understands housing down to how homes are designed, built, and wired," Obama said.

"He knows that we can put the dream of owning a home within reach for more families, so long as we're making loans in the right way, and so long as those who buy a home are prepared for the responsibilities of home ownership," Obama said.

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