Donovan served at HUD during the Clinton administration as deputy assistant secretary for multifamily housing until March 2001. He also served as acting Federal Housing Administration commissioner.
Donovan was appointed commissioner of the New York City Department of Housing Preservation and Development by New York City Mayor Michael Bloomberg in 2004. When Donovan was nominated on Dec. 13, then President-elect Barack Obama credited Donovan’s leadership of New York’s $7.5 billion new housing marketplace plan to build and preserve affordable housing, the largest municipal affordable housing program in the nation. Donovan also helped to create the New York City Acquisition Fund, a philanthropic and private finance partnership to help developers and non-profit agencies build affordable housing.
Donovan also worked in the private sector at Prudential Mortgage Capital Co. as managing director of its FHA lending and affordable housing investments, according to a biographical statement from Obama’s office.
