3:53 PM
Julio Barreto
The Senate Committee on Banking, Housing and Urban Affairs, chaired by Sen. Chris Dodd (D-CT), held a hearing on the nomination of Shaun Donovan as Secretary of the Department of Housing and Urban Development (HUD) January 13. A date has not been set for the full committee to vote on his confirmation.Donovan, currently a commissioner in the New York City Department of Housing Preservation and Development (HPD), said he believes he “can contribute to restoring this vital sector to health and making quality housing for every American” if nominated. Donovan said he has three areas of particular concerns to present to the committee:He said the Federal Housing Administration (FHA) has capacity issues which need to be addressed immediately.He said HUD needs to ensure it is spending its Section 8...
