"To stem the rising tide of foreclosures and strengthen our economy, I’ve asked my economic team to develop a bold plan that will dramatically increase the number of families who can stay in their homes," stated Obama in his address, before stating that "few will be more essential to this effort than the Department of Housing and Urban Development." Donovan previously worked as housing secretary under the Clinton administration.
"To stem the rising tide of foreclosures and strengthen our economy, I’ve asked my economic team to develop a bold plan that will dramatically increase the number of families who can stay in their homes," stated Obama in his address, adding "few will be more essential to this effort than the Department of Housing and Urban Development." Donovan previously worked as Deputy Assistant Secretary for Multifamily Housing at HUD, and was acting FHA commissioner under the Clinton administration.
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Deputy Assistant Secretary for Multifamily Housing at HUD, and was acting FHA commissioner