Thursday, June 4, 2009

Architecture 2030's Plan For A 14-to-1 Return On Stimulus Dollars

Ed Mazria, Founder of the organization Architecture 2030, and his colleagues have developed a plan for getting an $14 return on every $1 expended in stinulus funds.

In the publication, Architecture Week, he reports:

"We call it the "14x Stimulus" plan. In order to capture the job-creation and private-spending potential of the private building sector, this plan encourages households off the sidelines and into the renovation and home-buying market. The proposal recommends using state and local stimulus money to create a local mortgage buy-down program that offers reduced mortgage interest rates contingent upon renovating or building to meet specific energy-reduction targets." See full article.

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