As Goes the First Week, So Goes the Year?
There is a quasi-myth on Wall Street that the first five days of trading set the pattern for the year. If this is the case in the public-private partnership space, then this year is going to build on and develop the themes from last year: the role of business in job creation and urban revitalization, social entrepreneurship, and resilience in the face of a near-crippling economic recession that spanned the globe.
One of the central agencies at the heart of this outreach is Housing and Urban Development (HUD). HUD is led by Shaun Donovan and under his leadership it has already changed several ways that it does business.
Secretary Donovan, in addition to learning in one of the ultimate difficult environments as head of New York’s Department of Housing Preservation and Development, had previous experience in the private sector and the Clinton Administration, and his varied background shows.
HUD was given $13.61 billion under the Recovery Act. While it has quickly allocated funds to address homelessness, urban poverty, and the creation of green jobs, the agency is also exploring innovative approaches to these issues and continuing to solicit ideas. Check out HUD’s website for more details.
HUD also joined the Department of Transportation and Environmental Protection Agency to create the Partnership for Sustainable Communities last year.
Now, Secretary Donovan is co-chairing a working group on Long-Term Disaster Recovery with DHS Secretary Janet Napolitano, and exploring ways to re-shape how the federal government helps communities recover long after the glare of the media lights has faded.
As if that were not enough, HUD is also engaged in comparing notes with its counterparts about the rapid urbanization that is taking place around the world and will participate in the World Urban Forum in Rio in March.
This past week, I think we had four different interactions with HUD — either directly or indirectly — by working on these projects.
