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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Donovan, who also has a degree in public service from Harvard, is the “new thinking unencumbered by old ideologies and outdated ideas.”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.

WASHINGTON - President Barack Obama said Saturday that he will nominate New York housing official Shaun Donovan as Secretary of Housing and Urban Development, called the work “crucial” to restore the economy. “To put an end to this economic crisis, we must put an end to the mortgage crisis when it started. It all started when the Americans took mortgages they could not afford,” Obama said in a text of his weekly radio address, to be delivered on Saturday morning. Noting that one in ten homes are now facing some kind of economic problem, a record, Obama said that he already asked his administration is to develop a plan to help more people keep their homes. He called the Housing and Urban Development jobs “essential” for the government in all the work, and urged Donovan uniquely qualified for fixing the problem with a balance of assistance to needy families and a recognition that they should buy only what they can afford. “He knows that we can make the dream of owning a home within reach of more families, as long as we grant credit in the right way, and as long as those buying a house is ready for the responsibilities of homeownership , “Obama said. An adviser to the campaign of Obama, Donovan, 42, is the commissioner for New York City Department of Housing Conservation and Development, which is leading a $ 7.5 billion program to provide affordable housing for 500,000 people. Although he has overseen efforts to tackle the problems caused by mortgage crisis, in particular the increase in foreclosure for people who have fallen behind on their mortgage. The department, for example, helped create a center that offers counseling, training and legal assistance to help owners or tenants facing eviction are from guard to stay in their homes. In 2005, but has started to provide training, credit and legal assistance to those most at risk of predatory lending. He was appointed to the post in 2004 by New York Mayor Michael Bloomberg. Before that it was an official in the Clinton administration skin and has worked at Prudential mortgage capital company manage its Federal Housing Administration loans and investments in affordable housing.
WASHINGTON - President Barack Obama said Saturday that he will nominate New York Housing official Shaun Donovan as Secretary of Housing and Urban Development, called the work “critical” by restart the economy.

“To this end jab mica economic crisis, we must jab at the end of the crisis in mortgage When he started. It all started When the Americans HAVE TAKEN mortgages could not afford,” Obama said in a text of CISA weekly radio address, will be Resolution MORNING Saturday.

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He called the Gare Alber and Urban Development JOBS “essential” for the government in all the work, and urged Donovan hectares uniquely qualified for the Fixed problem with a balance of assistance to needy families and a recognition of the fact they should buy only what they can afford.

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A consultant for the Obama campaign, Donovan, 42, is the Commissioner from New York City Department of Housing Conservation and Development, I am deaf bringing in $ 7.5 billion to provide accommodation for affordable prices for 500,000 people.

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He was appointed in 2004 by the office of MAYOR New York Michael Bloomberg.

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