Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Ohio Invests in Major Mixed-Use Developments with $100 Million in Tax Credits
Ohio has announced that $100 million in tax credits will be allocated to support various mixed-use development projects through the Transformational Mixed-Use Development Program (TMUD). The major recipients for this fourth annual round of funding includes: a $33...
City of Cedar Rapids, IA, Alliant Energy, and QTS Partner to Build $750 Million Data Center Campus
The City of Cedar Rapids will welcome a new data center campus following its approval of a development agreement with QTS and Alliant Energy to build the facility in the Big Cedar Industrial Center, marking the largest economic development investment in the city’s...
Alabama Invests $23.5 Million for Site-Readiness of Industrial Properties
Site Evaluation and Economic Development Strategy (SEEDS) grants totaling $23.5 million have recently been awarded by the State Industrial Development Authority to accelerate industrial site readiness across Alabama, securing the state's future economic growth. These...
$14 Million TIF Boosts Affordable Housing Project in Cabrini-Green Site in Chicago
The development of an affordable housing project near the former Cabrini-Green site in Chicago is moving forward after securing approval from the Committee on Finance for $14 million in tax-increment financing (TIF) funds. The $52.9 million project at 547 W. Oak St....
New Bill Proposed to Make New Markets Tax Credit Permanent
A bipartisan bill, the NMTC Extension Act (H.R. 1103), has recently been proposed to make the New Markets Tax Credit (NMTC) Program permanent. The bill has already been referred to the House Ways and Means Committee, and if enacted, it would make the NMTC permanent,...
Cinnaire Closes $190M LIHTC Fund for Affordable Housing Projects Across Multiple States
Cinnaire has successfully closed its $190 million Cinnaire Fund for Housing Partnership 42, a LIHTC fund which will support the development of 1,478 affordable homes across 21 properties. The fund, backed by national and regional banks, will invest in communities from...
Massachusetts Awards $158 Million in LIHTC to Support 14 Housing Projects
More affordable housing units will be available soon in Massachusetts as the administration has announced that it has awarded $158 million in low-income housing tax credits and subsidies to support 14 affordable housing projects across the state. These funds will help...
MDOT Awards Over $200 Million in Contracts for Southwest Mississippi Infrastructure Projects
The Mississippi Department of Transportation (MDOT) has awarded multiple contracts totaling over $200 million for infrastructure improvements across southwest Mississippi. Projects include a $76 million contract to Barriere Construction for I-55 resurfacing and...
Kiewit and Summers-Taylor Secure $77.5M Contracts for TN Bridge Reconstruction
The Tennessee Department of Transportation (TDOT) has awarded two Alternative Delivery contracts totaling $77.5 million for the reconstruction of three bridges located in East Tennessee that were destroyed by Hurricane Helene. Kiewit Infrastructure South Co. was...
FTK Construction Wins $13.7 Million Contract for Affordable Housing Project in Dallas, TX
FTK Construction Services has been awarded a $13,687,175 contract to rehabilitate the West Virginia Apartments, a 204-unit affordable housing community in Dallas, Texas. This marks FTK’s first project with April Housing, the property’s owner. Expected to be complete...
Explore Our Metro Data Libraries
Explore our premium metro data libraries, including deals, contracts, financing documents, RFP libraries and our Who’s Who directories of top professionals. All for free.
Listen to Our Civic Development Podcast!
Dive into civic development with expert commentary on all areas of civic finance: infrastructure, affordable housing, economic development and more.
Newsletter
Sign up below to get weekly alerts for newly added datasets, news and more.
