Dr. Gary Painter, Director of Research at the USC Lusk Center for Real Estate, is quoted in the April 1, 2009 edition of Commercial Property News:
90-Degree Turn
Commercial Property News
By Eugene Gilligan
...The American Recovery and Reinvestment Act of 2009 is now law and on task to kick-start the moribund U.S. economy, including a rededication by the federal government to developing and rehabilitating affordable housing...
...HUD also is allocating $3 billion to 3,134 public housing agencies to develop, finance and modernize housing in their communities. Much of these funds will go toward making existing public housing units more energy efficient. The Obama administration anticipates that this retrofit program will benefit both affordable housing and the economy, said Gary Painter, associate professor for the University of Southern California School of Policy, Planning, and Development. "They see a strong cost-benefit ratio. These are projects that can be started quickly and can help stimulate the economy..."