CHICAGO - President Barack Obama Saturday called on the New York housing the Office of the Commissioner in, opening a former Clinton administration support for addressing a problem at the heart of the economic crisis in the United States.
If the Senate, Shaun Donovan will lead to the housing and urban development department at a time when the mortgage crisis has led to turbulence on the financial market, which has dragged the nation into a recession.
Obama praised Donovan record in New York, manages a 7.5 billion-dollar plan to half a million school to affordable housing. Harvard-trained architect exclusion to a minimum in the city of low-and moderate-income housing plan, with only five participants than 17,000 homes.
“We can not continue to throw money problem, hoping for a different result,” Obama said in his radio address released early Saturday. “We must face the challenge of old houses at affordable prices with new energy, new ideas, and a new, efficient management style. We must understand that the old ways to look at our cities, not only”.
With fallout from the housing market continues and more people lose their homes, Donovan faces a difficult challenge.
More than 259,000 households will receive in connection with a foreclosure notice in November, up 28 percent over the previous year, RealtyTrac said last week. The news comes as the Mortgage Bankers Association reported a record 10 in an American house with a mortgage, or at least one months behind in their payments or closure at the end of September.
Although the mortgage crisis has threatened the city, Obama said, also provides an opportunity to rethink how the Federal Service can help people in the cities. Said Donovan, who also has a degree in public service from Harvard, is the “new thinking unencumbered by old ideologies and outdated ideas.”
Obama the choice of Donovan marked the 11th, when his cabinet completed in just one month after he was elected the first African-American president. Still to come are announcements of selection for the head of the Central Intelligence Agency, Environmental Protection Agency, services, energy, education, interior, labor, transportation and agriculture.
