Realtors Strongly Support Donovan Nomination as Head of HUD

Realtors Strongly Support Donovan Nomination as Head of HUD

Residential News » Residential Real Estate Edition | By NATIONAL ASSOCIATION OF REALTORS | December 15, 2008 11:25 PM ET

(WASHINGTON, DC) -- The National Association of Realtors® applauds President-elect Barack Obama's selection of Shaun Donovan as Secretary of the U.S. Department of Housing and Urban Development. "Strong leadership is needed at this critical time in our economy and in the housing market, and we believe Shaun Donovan will bring that leadership to the Department," said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth.

NAR has noted that a proven leader is critical for HUD during these troubled times in the nation's housing market and to ensure the current deteriorating environment is not repeated. "Shaun Donovan is an acknowledged expert in housing with a record of solving challenges at HUD and the New York City Department of Housing, Preservation and Development," McMillan said. "In addition, his hands-on experience in the private and nonprofit sectors will be extremely helpful."

NAR recognizes the importance of Mr. Donovan's experience in housing and the critical role he will play on President-elect Obama's team as they prepare to grapple with the economic problems confronting the country. "NAR stands ready to work with Secretary-Designate Donovan to restore confidence in the housing market and rebuild the American dream of homeownership," said McMillan.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of residential and commercial real estate industries.

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