As housing commissioner, Donovan expanded affordableÂ 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 Obamaâ€™s top housing priorities, such as modifying terms of mortgages to prevent foreclosures and expanding the amount of affordable housing.
You can read Obamaâ€™s speech announcing the pick here.
The New York Times has a quick guide to Donovanâ€™s career here.