Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
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...
Three Firms Awarded with $60 Million Contract for Bridge Reconstruction Project in Maryland
The Maryland Transportation Authority has awarded three contracts totaling $60 million for construction management and inspection services on the Francis Scott Key Bridge reconstruction project. Each contract, worth $20 million, was granted to Greenman-Pederson...
Kansas Port Authority Secures $25 Million for Infrastructure Projects
The Port Authority of Stafford County in Kansas has successfully secured $25 million in federal funding from USDOT's BUILD grant program, which will be used to finance the development of a rail-served transload facility, industrial park, and grain terminal. With $5...
California Transportation Commission Invests $1 Billion for Infrastructure Improvements
Taking a step toward improving California’s transportation landscape, the California Transportation Commission has announced that it is allocating $1 billion to various projects aimed at increasing mobility options, improving road safety, and expanding electric...
$2.2 Billion Expansion Approved for Palm Springs Intl Airport
Palm Springs International Airport is set to undergo a $2.2 billion expansion following the Palm Springs City Council's recent approval of a new master plan. Modernization plans include doubling the number of gates, adding a new concourse and rental car area, creating...
ArcelorMittal to Open $1.2 Billion Electrical Steel Plant in Mobile, Alabama
Advancing Alabama's economic growth, ArcelorMittal is investing $1.2 billion to develop a new electrical steel manufacturing facility in Mobile, which is expected to create 200 permanent jobs. The plant, set to open in 2027, will produce up to 150,000 metric tons of...
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