Civic Development News and Data

The latest local trends, news and insights on infrastructure, economic development, housing and economics.

Civic Development Podcast #3: P3s Unplugged with Thomas John, Seth Miller Gabriel and Jeremy Ebie

Episode #3: P3s Unplugged: Insights from the Washington DC Streetlights Project Three infrastructure insiders join us to break down the Washington DC Streetlights P3 Project, a case study of innovative thinking in urban development. The panelists share their insights...

$370M Microchip Facility to Boost Louisiana Economy, Add 300 Jobs

Radiance Technologies will invest $370 million to build a secure microchip research and manufacturing plant in Ruston, Louisiana. Backed by nearly $37 million in state support, the project is expected to create 150 direct jobs and 149 additional indirect positions....

Hyundai Raises U.S. Investment to $26 Billion

Hyundai Motor Group will boost its U.S. investment to $26 billion over the next four years, targeting steel, automotive, and robotics production. The plan includes a new low-carbon steel plant in Louisiana, increasing U.S. car production to 1.2 million units annually,...

Kentucky, Indiana Approve $933 Million I-69 Bridge Project

The Kentucky Public Transportation Infrastructure Authority and Indiana reached an agreement to move forward with the $933 million I-69 bridge over the Ohio River. Kentucky will financing, planning, and construction of the bridge, with costs shared equally between the...

Civic Development Podcast #1: The Big Beautiful Bill and Affordable Housing in the 2nd Trump Administration with David Gasson

Episode #1 David Gasson of MG Housing Strategies joins us to break down everything affordable housing professionals need to know about the state of play in the 119th Congress and the 2nd Trump Administration. * The episode begins with a discussion on the 2nd Trump...

GE Appliances to Invest $490 Million in Louisville, Kentucky Washer Plant

GE Appliances announced a $490 million investment to build its most advanced washer manufacturing plant at its Louisville, Kentucky headquarters, reshoring production from China and creating 800 new full-time jobs. The move strengthens Kentucky’s role as a hub for...

US Jobless Claims Climb Sharply, Highest Since 2021

Recurring jobless claims in the U.S. climbed to their highest level since November 2021, pointing to a labor market where unemployed workers are taking longer to find new jobs. Initial claims, however, dipped, which together with the increase in recurring claims...

$240 Million P3 Deal Brings Student Housing to Palm Beach Atlantic University

A $240 million public-private partnership between Gilbane and Palm Beach Atlantic University will bring a 25-story, mixed-use student housing tower to downtown West Palm Beach. The project includes 990 student beds, a dining hall, fitness center, and parking...

New Indiana Law Paves Way for Tolls, Rail Investment, Local Road Funding

Indiana has become the first state to authorize tolling on all interstate highways, allowing officials to seek federal waivers without additional legislative steps. The law also offers tax credits for private rail investments and gives counties new ways to fund road...

MO Gov. Kehoe Signs $1.5 Billion Stadium Incentive Package to Keep Royals, Chiefs

Missouri Gov. Mike Kehoe has signed off on a $1.5 billion stadium incentive package aimed at keeping the Kansas City Royals and Chiefs from relocating across the state line. The plan would cover up to 50% of stadium costs using tax revenue generated by the teams,...

New Pennsylvania Law Raises Historic Tax Credit Cap to $20 Million

Dec 10, 2024 | Credits and Incentives, Finance - Incentives, Legal - Incentives

Pennsylvania recently increased its historic tax credit cap from $5 million to $20 million with the passing of HB 2358 by the legislature, significantly allowing more historic buildings to be preserved and saved from destruction. With the increased cap, developers are...

Hunt Capital Partners Closes $193.5M LIHTC Fund for Affordable Housing Development

Dec 10, 2024 | Credits and Incentives, Finance - Incentives

Hunt Capital Partners (HCP) recently closed a $193.5 million LIHTC equity fund, Hunt Capital Partners Tax Credit Fund 51 (HCPTCF 51), marking the largest multi-investor fund in its history. Aiming to serve low-income families and unhoused individuals, the fund will be...

$42 Million Loan to Refinance Student Housing Near University of Mississippi

Dec 8, 2024 | Finance - Specialty Housing, Student Housing

A $42 million first mortgage floating-rate bridge loan has been closed by Seven Hills Realty Trust to refinance The Domain at Oxford, a student housing facility located near the University of Mississippi in Oxford, Mississippi. The loan for the 642-bed student housing...

$473 Million Financing Deal Secured for Senior Housing Development in Irvine, CA

Dec 8, 2024 | Finance - Specialty Housing, Senior Housing

A $473 million financing deal, facilitated and structured by JLL, has been finalized for The James, a senior housing facility in Irvine, California. This project, the largest senior housing development in Orange County, will feature a 350-bed facility, including 210...

Madison, WI Awards $9.85 Million to Four Affordable Housing Projects

Dec 8, 2024 | Affordable Housing, Finance - Specialty Housing

The City of Madison, Wisconsin, has awarded $9.85 million in Affordable Housing Fund loans to support four affordable housing developments as part of the city's goal to expand housing options and create over 250 affordable units. Applicants for this fund must meet...

$5.35 Million Investment Supports Affordable Housing in Pennsylvania

Dec 8, 2024 | Affordable Housing, Finance - Specialty Housing

In a step toward solving Pennsylvania’s housing crisis, the state is investing $5.35 million through the HOME Investment Partnerships Program to support the rehabilitation of over 100 low-income, owner-occupied homes in eight counties. This funding is in furtherance...

Flash Update: GDP Growth in Every Metro (December 2024 Release)

Dec 4, 2024 | Flash Update: GDP, Flash Updates, Uncategorized

CivMetrics collects key economic data for all 50 U.S. states. In this post, we look at the latest GDP figures by MSA. For questions about our data, or to request data, please contact [email protected]. Data is from the Bureau of Economic Analysis, released...

P3 Proposed for New Buffalo Bills NFL Stadium

Dec 4, 2024 | Finance - Infrastructure, Finance - Public Projects/Construction, Infrastructure, Public Private Partnerships (P3s), Stadiums

Pegula Sports and Entertainment (PSE) is seeking a public-private partnership with state and local governments for the construction of a new stadium for the Buffalo Bills in Orchard Park, NY. While PSE previously considered a proposal for 100% public financing, Mayor...

$112 Million Lafayette, MI Bridge Replacement Begins

Dec 4, 2024 | Finance - Infrastructure, Finance - Public Projects/Construction, Infrastructure

Bay City, Michigan's aging Lafayette Bridge officially closed on Dec. 2, marking the start of its demolition and replacement project, which is expected to be completed by summer 2027. This $112 million Michigan Department of Transportation project will rebuild the...

South Carolina’s $2 Billion Highway Project Wraps Up Initial Phases

Dec 4, 2024 | Finance - Infrastructure, Finance - Public Projects/Construction, Infrastructure, Transportation

Traffic relief and highway improvements are getting closer for drivers as the South Carolina Department of Transportation nears completion of Phases 1 and 2 of the $2 billion Carolina Crossroads project in Columbia, aimed at reconfiguring Malfunction Junction...

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