Obama Taps Shaun Donovan As HUD Secretary

President-elect Barack Obama has named New York City housing official Shaun Donovan as his secretary of Housing and Urban Development, turning to a former Clinton administration official to help fight the impact of foreclosures in distressed cities.

Obama made the announcement in his weekly radio address on Saturday. He praised Donovan's role in helping create the largest municipal housing plan in the country. As commissioner of New York City's Department of Housing Preservation and Development, Donovan managed a $7.5 billion plan that put a half-million New Yorkers in affordable housing.