Labor Leaders Praise President Obama's Decision To Nominate Helen Kanovsky as HUD...
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Labor Leaders Praise President Obama's Decision To Nominate Helen Kanovsky as HUD General Counsel Ms. Kanovsky is Currently COO and General Counsel of AFL-CIO Housing Investment Trust WASHINGTON, March 30 /PRNewswire-USNewswire/ -- Labor leaders today praised the nomination of Helen R. Kanovsky, COO and General Counsel of the AFL-CIO Housing Investment Trust (HIT), to be the General Counsel at the US Department of Housing and Urban Development (HUD). (Photo: http://www.newscom.com/cgi-bin/prnh/20090330/DC90926 ) In announcing his intent to nominate, President Barack Obama praised Ms. Kanovsky's willingness to "serve the American people... at a time when our nation faces many challenges." AFL-CIO President John Sweeney applauded the selection, noting Ms. Kanovsky's commitment to helping the American people. "She is a person of the highest integrity, tenacity and commitment," Mr. Sweeney said. "I admire her skills as a lawyer, adviser, manager and leader. With housing at the forefront of the economic recovery, her knowledge of housing and housing finance will serve HUD, the Administration and the Nation well." In addition, Richard Ravitch, Chairman of the HIT, commended the choice of Ms. Kanovsky for the key HUD post. "Helen will be a fine addition to the leadership at HUD," he said. "Her insight, intelligence and integrity, which we value so highly at the Housing Investment Trust, will now be put to use in addressing our country's urgent housing needs." Ms. Kanovsky has held the position of Chief Operating Officer at the HIT since 2001 and was named General Counsel in September 2008. Previously she served as HIT's Executive Vice President for Finance and Administration from 1999 to 2001 and General Counsel from 1995 to 1998. During 1998-1999, she was Chief of Staff to U.S. Senator John F. Kerry of Massachusetts. Stephen Coyle, CEO of the HIT, praised Ms. Kanovsky's contributions to the organization, saying: "Helen is a recognized leader in the world of affordable housing finance, and her wise and prudent counsel has guided the HIT in achieving its dual bottom line: affordable housing for working families and competitive returns for our pension fund investors. She will be a great addition to the President's team." Earlier in her career, Ms. Kanovsky served in the federal government as a Special Assistant to Secretary Patricia Roberts Harris at the Departments of Housing and Urban Development and Health, Education and Welfare, as well as Associate Executive Secretary to the Department of Health & Human Services. She was in private law practice as a Partner and Associate at Dickstein, Shapiro and Morin. Ms. Kanovsky has a Bachelor's degree in Government from Cornell University and Juris Doctor Degree from the Harvard Law School. The HUD position is subject to confirmation by the Senate. A hearing by the Senate Banking Committee has not been scheduled at this time. "This is an exciting opportunity to work with Secretary Donovan in carrying out the Administration's ambitious housing goals," Ms. Kanovsky said. "HUD has a massive job to do in helping families affected by the housing crisis. I am honored to be chosen to participate in this national effort to help families and individuals through these troubled times. I am joining a team at HUD that is committed to expanding affordable housing opportunities for all Americans." The AFL-CIO Housing Investment Trust is a core-plus, fixed-income investment company registered with the Securities and Exchange Commission. The HIT has more than 350 investors and over $3.4 billion in assets. The HIT invests primarily in fixed-income investments such as multifamily and single family mortgage-backed securities. The HIT has never invested in securities backed by subprime mortgages. The investment objective of the HIT is to provide competitive returns for its investors and to promote collateral objectives such as the construction of housing and the generation of employment for union members in the construction trades and related industries. Since its inception, the HIT has invested over $5 billion to finance more than 85,000 units of housing nationwide, generating more than 58,000 union jobs. Contact: Michael K. Frisby 202-625-4328 SOURCE AFL-CIO Housing Investment Trust Michael K. Frisby, +1-202-625-4328, for AFL-CIO Housing Investment Trust
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