Incremental Steps for a Safer Housing Finance System
On June 16, the Center for Financial Markets and Policy at Georgetown’s McDonough School of Business, in partnership with the Milken Institute, hosted its second-quarter Capitol Hill briefing on “Investing in America’s Infrastructure.” The event was part of the center’s Markets and the Hill (MATH) Briefing Series. The briefing addressed current challenges and proposed solutions to close the funding gap.
Panelists included Tyler Duvall, a principal with McKinsey & Company who leads McKinsey’s work with public sector infrastructure agencies; Susan Gray, the global head of infrastructure for Standard & Poor’s newly established global practice for project finance, midstream energy, merchant power, renewables, infrastructure finance and public-private partnerships; Keith Hennessey, the principal vice president and head of Bechtel’s Public-Private Partnership business; James Pass, the senior managing director for municipal and infrastructure sector portfolio at Guggenheim. The panel was moderated by Georgetown University Finance Professor Sandeep Dahiya.
The briefing explored some of the innovative approaches legislators can leverage to tap into previously unused sources of capital and the broader role public policy makers can play to spur widespread private investment in infrastructure across industry sectors. Panelists discussed how much private investment is currently allocated to U.S. infrastructure, and what the consequences of private investment can be, both intended and unintended, in terms of risk assessment and maintenance costs, and future value recapturing. The panel also explored what public sector tools, such as loan programs or tax incentives could be scaled up or alternatively phased out.
The MATH Series provides an opportunity for senior congressional staffers to pose questions to experts from industry, government, and academia. For more information about the monthly series, visit the Center for Financial Markets and Policy website or follow @GUFinPolicy.