Tracking the transition: HUD


President-elect Barack Obama announced Saturday that New York City Housing Preservation and Development Commissioner Shaun Donovan, will be the nominee for secretary Housing and Urban Development.

As housing commissioner, Donovan expanded affordable housing in New York through plans to give tax breaks to developers who built affordable housing in upscale developments. He also launched a program to provide financial education, legal and credit assistance to those at risk of predatory lending.

As HUD Secretary, Donovan will be charged with carrying out Obama’s top housing priorities, such as modifying terms of mortgages to prevent foreclosures and expanding the amount of affordable housing.

You can read Obama’s speech announcing the pick here.

The New York Times has a quick guide to Donovan’s career here.


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