Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
L+M Development Purchases Affordable Housing in CT for $41 Million, Plans for $17 Million Rehabilitation
L+M Development Partners is planning a $17 million renovation of Laurel Estates, a 276-unit low-income apartment complex in Waterbury, Connecticut, after its subsidiary, Laurel Estates Preservation LLC, successfully purchased the property for $41.25 million. The said...
Flash Update: Inflation in Major Cities (February 2025 Release)
CivMetrics collects key economic data for the largest cities in the United States. In this post, we look at the latest CPI release and the 12 cities tracked in this release. For questions about our data, or to request data, please...
KeyBank Finances $41.4M Senior Housing Redevelopment of First & Market in Pittsburgh, PA
KeyBank Community Development Lending and Investment provided $27 million in construction loan financing and arranged a $14.4 million permanent loan to transform the First & Market office building into 93 affordable senior housing units in downtown Pittsburgh,...
Fort Lewis College Expands Housing Options with $12 Million Apartment Purchase in Colorado
More residential units will be available to students at Fort Lewis College in Durango, Colorado, as the institution has expanded its student housing inventory with the $12 million purchase of the 1304 Apartments on Florida Road, adding 20 units and 68 beds. The...
$141.3 Million Affordable Housing Bond Funding Invested for Oregon Counties
As a response to the housing affordability issues that the residents of Oregon are currently facing, Oregon Housing and Community Services (OHCS) has announced that it is investing over $141.3 million in bond funding which will be used to develop and preserve more...
$10 Billion Affordable Housing Bond Headed for California’s 2026 Ballot
Assembly Bill 736 and Senate Bill 417, both known as the Affordable Housing Bond Act of 2026, were recently introduced by Assemblymember Buffy Wicks and Senator Christopher Cabaldon, which would place a $10 billion affordable housing bond measure on California’s June...
Lawmakers Seek to Halt Blue Line LRT Project Until SWLRT is in Service
Republican lawmakers are backing a bill to pause spending on the $3.2 billion Blue Line light-rail extension, a project set to connect Minneapolis and Brooklyn Park, until the Southwest light-rail line (SWLRT) begins service in 2027. Sponsors of the bill argue that...
Michigan Invests $4.6M to Replace M-55 Bridge in Iosco County
Michigan is investing $4.6 million to replace and widen the M-55 bridge over the Au Gres River in Iosco County. The new bridge will be 44 feet wide with 10-foot paved shoulders, improving safety and durability. The bridge will be closed until late September, with...
SEMA Construction Leads $562M I-25 Transformation in Colorado
Traffic relief is on the way for drivers in Colorado as SEMA Construction transforms I-25 in Colorado Springs with a $562 million upgrade. The project, set for completion in August 2026, includes new acceleration and deceleration lanes from Garden of the Gods Road to...
Washington Lawmakers Push for $1.6 Billion in Bonds to Fund I-5 Bridge Replacement
Continuously seeking additional funding, Washington lawmakers have introduced a bill authorizing the sale of $1.6 billion in general obligation bonds to help finance the Interstate 5 Bridge replacement linking Washington and Oregon. With project costs expected to...
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