Also by Reinvestment Fund

Policy Solutions Team

Reinvestment Fund’s Policy Solution’s team brings together a distinctive combination of expertise. With extensive experience in public management and program development, statistical research and analysis, and geographic information systems, the team brings an objective, well-rounded approach to every project we undertake.

Policy Advisory Board

To further bolster our capacity, Reinvestment Fund’s team has an advisory board that offers feedback and direction regarding our methods and products. The advisory board includes renowned academics and practitioners with various areas of expertise.

Raphael Bostic is a Professor and the Judith and John Bedrosian Chair in Governance and the Public Enterprise, at the Sol Price School of Public Policy, University of Southern California. Dr. Bostic’s work spans many fields including home ownership, housing finance, neighborhood change, and the role of institutions in shaping policy effectiveness. He served for 3 years in the Obama Administration as the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development. Dr. Bostic earned his Ph.D. in Economics from Stanford University and his BA from Harvard University.

Paul C. Brophy is a principal with Brophy & Reilly LLC, a consulting firm specializing in economic development, community development, and the management of complex urban redevelopment projects. One of Mr. Brophy’s specialties is the improvement of older industrial cities and neighborhoods within them. His recent work includes the use of anchor institutions as economic engines in older industrial cities. Mr. Brophy is also a Senior Advisor to Enterprise Community Partners and an Adjunct Professor at Georgetown University. Mr. Brophy holds degrees from LaSalle University and the University of Pennsylvania, where he was trained as a city planner. Mr. Brophy is co-author of three books in the field, and has published numerous articles in professional journals.

Amy Crews Cutts joined Equifax as Chief Economist in March, 2011. A recognized industry expert, Dr. Cutts has over 20 years of economic analysis and policy development experience. As Chief Economist, she is responsible for analytics and research relating to the consumer wallet – assets, income, credit, and spending – along with macroeconomic forecasting, the analysis of employment and wage trends, and small business credit trends. She joined Equifax after spending over 13 years at Freddie Mac, serving as Deputy Chief Economist from 2003-2011. She has taught economics at Georgetown University, Johns Hopkins University, the University of Virginia and was Assistant Professor of Economics and Senior Researcher in the Maxwell School for Citizenship and Public Affairs at Syracuse University.

Stefanie DeLuca is an Associate Professor of Sociology at Zanvyl Krieger School of Arts and Sciences, Johns Hopkins University. Dr. DeLuca’s studies the way social context affects the lives of disadvantaged families and young people. Her research focuses on urban poverty, educational inequality, and racial segregation, as well as the social policies designed to address these problems. She completed her Ph.D. in Human Development and Social Policy at Northwestern University and earned her BA studying psychology and sociology at the University of Chicago.

George Galster serves as the Clarence Hilberry Professor of Urban Affairs at the Department of Urban Studies and Planning, Wayne State University. He has a wealth of experience in academic, governmental, non-profit and for-profit circles, and has published over 100 scholarly articles and book chapters, primarily on the topics of metropolitan housing markets, racial discrimination and segregation, neighborhood dynamics, residential reinvestment, community lending and insurance patterns, and urban poverty. Before going to Wayne State, Dr. Galster was the Director of Housing Research at the Urban Institute in Washington, DC. Dr. Galster is the author of the recently released Driving Detroit: The quest for respect in the Motor City.

Katherine O’Regan is Professor of Public Policy and Planning. She spent April, 2014-January, 2017 in the Obama Administration, serving as the Assistant Secretary for Policy Development and Research at the Department of Housing and Urban Development. She holds a Ph.D. in economics from the University of California at Berkeley and spent ten years teaching at the Yale School of Management prior to joining the Wagner faculty in 2000. She teaches courses in microeconomics, poverty, program evaluation, and urban economics, and has received teaching awards from Berkeley, Yale, and NYU. Her primary research interests are at the intersection of poverty and space –the conditions and fortunes of poor neighborhoods and those who live in them. Her research includes work on a variety of affordable housing topics, from whether the Low Income Tax Credit contributes to increased economic and racial segregation, to whether the presence of housing voucher households contributes to neighborhood crime rates.

Pamela Hughes Patenaude is the president of the J. Ronald Terwilliger Foundation for Housing America’s Families, a national nonprofit education and research organization dedicated to illuminating the affordable housing crisis in America. Prior to co-cofounding this foundation, she served as director of housing policy for the Bipartisan Policy Center, executive vice president of the Urban Land Institute, and as founding executive director of the ULI Terwilliger Center for Workforce Housing. Previously Ms. Patenaude served as assistant deputy secretary for field policy and management at the US Department of Housing and Urban Development and as HUD’s assistant secretary for community, planning and development. She currently serves as a trustee of the Homebuilders Institute (HBI) and the National Housing Conference. Ms. Patenaude is a graduate of Saint Anselm College and received a Master of Science degree in Community Economic Development from Southern New Hampshire University.

Wendell Pritchett is the Presidential Professor of Law and Education at Penn. Dr. Pritchett has written two books and numerous articles on urban history and policy, particularly in the areas of housing, race relations, land use and economic development. Prior to his current position at Penn, he served the University as Interim Dean of the Law School and as a Penn Law professor. Dr. Pritchett also served as Chancellor of Rutgers-Camden, and as Deputy Chief of Staff and Director of Policy for Philadelphia Mayor Michael Nutter, who also appointed him to the School Reform Commission. He holds a Ph.D. in history from Penn and is an award-winning urban historian. Dr. Pritchett earned his law degree at Yale.

Nicolas P. Retsinas is a Senior Lecturer in Real Estate at the Harvard Business School where he teaches courses in housing finance and real estate in frontier markets. Mr. Retsinas is also Director Emeritus of Harvard University’s Joint Center for Housing Studies, a collaborative venture of the Graduate School of Design and the Harvard Kennedy School, and a Lecturer in Housing Studies at the Graduate School of Design. Prior to his appointment at Harvard, he served as assistant secretary for Housing-Federal Housing Commissioner at the United States Department of Housing and Urban Development and as Director of the Office of Thrift Supervision.

John Summers is a founding shareholder and attorney with Hangley Aronchick Segal Pudlin & Schiller, where he also serves as Chair of the Ethics Committee. As a lawyer, Mr. Summers’ practice includes complex commercial, professional malpractice and misconduct, construction, health care, intellectual property and general business cases. Prior to attending law school, he briefly was an Economist with Glassman-Oliver Economic Consultants in Washington and a Junior Economist for the Council on Wage and Price Stability, also in Washington. He serves as the Chair of Reinvestment Fund’s Board of Directors.

Mark Zandi is Chief Economist of Moody’s Analytics, a leading independent provider of economic, financial, country, and industry research designed to meet the diverse planning and information needs of businesses, governments, and professional investors worldwide. Dr. Zandi is a cofounder of, which Moody’s purchased in 2005. Dr. Zandi is responsible for the firm’s forecasts, model development, and consulting activities, which include macroeconomic, financial, industry and regional economics. His recent work includes a study of the outlook for national and regional housing market conditions, the determinants of personal bankruptcy, the location of high-technology centers, and the impact of globalization and technological change on real estate markets.