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Funding Flowing to Local Governments for Affordable Housing Construction
Billions of dollars in public funding and tax enrichments are currently available to support the construction of affordable housing throughout the U.S. The impetus behind these incentives is the country’s affordable housing shortage which has reached near-crisis...
As Institutional Investors Snap Up Rental Properties, Local Officials Consider Pushing Back
In the past few years, there has been an influx of institutional investors buying properties across the US and converting them to rentals. With its impact to the housing market, some states are now proposing actions and ordinances that promote homeownership. The...
Court Strikes Down PennDOT’s P3 Bridge Plan
Pennsylvania's Commonwealth Court ruled last week that the Pennsylvania Department of Transportation's plan to toll nine interstate bridges in Pennsylvania violates state law. PennDOT's announcement that I-79 will be tolled was met with opposition as South Fayette...
$200 Million Affordable Housing Bond Gets On Ballot in Palm Beach
Four out of 6 Palm Beach County commissioners this week voted in favor of including a $200 million affordable housing bond on voters' November ballot. If approved by voters, the money will be used to finance the construction of condominiums, rental units, family...
Rutgers University Gets $300 Million for New Infrastructure Projects: NJ Budget
Rutgers University is getting a sizeable cut of the newly signed $50 billion New Jersey state budget, with $300 million earmarked to fund the University's capital improvements and renovations. $100 million will be used to renovate the Jersey Mike's Arena and to begin...
New York State Awards $104 Million to 16 Affordable Housing Developments
As part of NY Governor Hochul's $25 billion, 5-year statewide housing plan, $104 million has been awarded to 16 developments throughout New York for the creation and preservation of 864 affordable houses. These awards are being provided through New York State Homes...
New California Budget Directs $2 Billion to Affordable Student Housing
California Governor Newsom signed a $308 billion budget this week which will direct $2 billion to affordable student housing, building on last year's $2 billion grant. More details on housing-related items, CA.gov reported: Additional details include:$1.95 Billion for...
Measuring the Economic Impact of Highway Investment in Dallas
Researchers from UT Arlington set out to quantify the economic impact of five major highway infrastructure projects in the Dallas-Fort Worth area; in a recent paper, the researchers say the methodology can be used by transportation planners to prioritize projects....
Roads, Bridges and Wildfire Risk: Measuring Vulnerability and Mitigating Infrastructure Failure
As the frequency and severity of wildfires in the U.S. grows, researchers are scrambling to measure and identify risk to infrastructure. It's not just wildfires that can damage transportation infrastructure; it's the flooding that comes afterward. More from a recent...
Transportation Credit Ratings Roundup: June 2022
Fitch Ratings recenty updated the ratings of several transportation authorities in Florida, California, Virginia, and New York. Florida Department of Transportation' Skyway Bridge was given a 'A+' rating on its series 2019A senior revenue bonds. In assigning said...
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