Secretary’s (Commissioner’s) Corner: New York’s Loss; America’s Gain

HUD Secretary Shaun Donovan

HUD Secretary Shaun Donovan

One of President Barack Obama’s first appointments was Shaun Donovan as the 15th Secretary for Housing and Urban Development.  Most of us knew him as Commissioner Donovan from his nearly 5 years as Commissioner of Housing Preservation and Development.

Secretary Donovan and his department were very familiar with The Hundred Year Association.  In just four-and-a-half years, 8 public service awards and 9 college scholarships went to HPD employees and their children.  This is compared to none the year before his arrival.

During his service to the City, HPD’s New Housing Marketplace Plan to build and preserve 165,000 units of affordable housing was the largest housing plan in the nation.

Prior to joining HPD, Secretary Donovan was at Prudential Mortgage Capital Company where he was the Managing Director overseeing $1.5 billion of debt and equity investments in federal, state and local subsidized affordable housing and President and CEO of one of the nation’s largest Federal Housing Administration lenders.  Before Prudential Mr. Donovan was a visiting scholar at New York University (1831) where he studied Federally assisted and Mitchell Lama housing in New York City. 

Donovan rejoins HUD after having served in various capacities there earlier in his career including as Deputy Assistant Secretary for Multifamily Housing.  At that time, he ran housing programs that helped 1.7 million families access affordable housing.

A lifelong New Yorker, Secretary Donovan moved to DC from Brooklyn with his wife and two boys, Milo and Lucas.  Congrats!