11:01 PM
Julio Barreto
Shaun Donovan, the current Commissioner of New York City’s Office of Housing Preservation and Development (HPD), has been nominated to be the next secretary of the Department of Housing and Urban Development (HUD).HPD is the largest municipal developer of affordable housing in the nation. Since 1987, HPD has provided over $6.3 billion to support the repair, rehabilitation and new construction of hundreds of thousands of units of housing. HPD protects the existing housing stock and expands housing options for New Yorkers as it strives to improve the availability, affordability, and quality of housing in New York City. HPD has made a decisive shift away from City ownership of properties and has developed innovative community revitalization initiatives that promote private investment and productive...
