Barack Obama has named New York City housing commissioner Shaun Donovan as the Secretary of Housing and Urban Development, the Huffington Post reports.
“In naming his choice for housing secretary, President-elect Barack Obama on Saturday rounded out his economic team and gave new prominence to the mortgage crisis that has dragged the country into a recession.
“The selection of Shaun Donovan as secretary of Housing and Urban Development puts the current New York City housing commissioner at the forefront of one of the more nettlesome economic challenges confronting the new administration — the soaring foreclosures that are threatening homeownership nationwide.”
Read the full story here.
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