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,...

SSLM Development Seeks $10.7 Million TIF from Oklahoma City Council for Midtown Project

Sep 16, 2024 | Credits and Incentives, TIFs

SSLM Development is seeking up to $10.7 million in tax increment financing from Oklahoma City Council for its $81.4 million Midtown project. The proposed development will feature an apartment with mix residential units, courtyard, a pool, and a large parking garage,...

Detroit Lakes City Council Expands TIF District to Support Facility Construction

Sep 16, 2024 | Credits and Incentives, TIFs

To support the construction of Quality Equipment Sales and Service's new 15,000-square-foot facility in Detroit Lakes, Minnesota, the Detroit Lakes City Council expanded the TIF district to cover a larger area of U.S. Highway 10 and the intersection of 290th Street...

HUD Sets New Guidelines for 2025 Low-Income Housing Tax Credit Program

Sep 16, 2024 | Affordable Housing, Credits and Incentives

HUD has recently unveiled the 2025 parameters for Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program, which were published in the Federal Register. HUD sets these guidelines for designated areas in each...

Hunt Capital Powers Affordable Housing Project in Petoskey, MI With $13 Million LIHTC

Sep 16, 2024 | Credits and Incentives

Hunt Capital Partners is contributing to the revitalization of the Petoskey community in Michigan with a $13 million Low-Income Housing Tax Credit (LIHTC) award in Victories Square, a 50-unit tribal housing project in the city. This project promises affordable one-...

Alabama State University Approves Construction of Two New Student Housing Complexes, 500+ Beds

Sep 16, 2024 | Student Housing

Alabama State University's board of trustees has approved the construction of two new student housing complexes on campus, providing approximately 552 new beds—an apartment-style building on Forest Avenue with 288 beds and another on South University Drive with 264...

Deven Group to Expand Student Housing Portfolio to $1 Billion, Targeting Tier I Universities

Sep 16, 2024 | Student Housing

Seizing the increasing enrollment rates in universities, Orlando-based Deven Group plans to expand its student housing development portfolio to over $1 billion in assets within three years, focusing on Tier I research universities with large amounts of funding flowing...

WinnCompanies Begins $51 Million Renovation of Worcester Boys Club into Affordable Senior Housing

Sep 16, 2024 | Affordable Housing, Senior Housing

The transformation of the historic Worcester Boys Club into 80 senior housing apartments in Worcester, Massachusetts, has already started, as announced by WinnCompanies last week. The $51 million project will renovate the 94-year-old building to create 16 affordable...

Berkadia Closes $92.71 Million in Financing for Senior Housing Communities Across Four States

Sep 16, 2024 | Student Housing

Additional funding will go towards nine senior housing across Montana, Oregon, Arizona, and Florida, as Berkadia recently announced the successful closing of $92.71 financing for these communities. Spearheaded by Managing Directors Steve Muth and Ed Williams, the...

JEMB Realty Begins 80-Acre P3 Project Near Monmouth Park in New Jersey

Sep 13, 2024 | Public Private Partnerships (P3s)

JEMB Realty, in a public-private partnership with the State of New Jersey and Darby Development LLC, has commenced work on the development of an expansive 80-acre mixed-use site near Monmouth Park Racetrack in Oceanport. Scheduled to start construction in late 2025,...

LA Metro Secures $893 Million Grant for New Light Rail Project

Sep 13, 2024 | Infrastructure

The U.S. Department of Transportation has awarded an $893.3 million grant to the LA Metro for the construction of a 6.7-mile light rail line along Van Nuys Boulevard in the East San Fernando Valley, funded by President Biden's Bipartisan Infrastructure Law. This...

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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

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

Hyundai Raises U.S. Investment to $26 Billion

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

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

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

US Jobless Claims Climb Sharply, Highest Since 2021

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

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

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

SSLM Development Seeks $10.7 Million TIF from Oklahoma City Council for Midtown Project

Detroit Lakes City Council Expands TIF District to Support Facility Construction

HUD Sets New Guidelines for 2025 Low-Income Housing Tax Credit Program

Hunt Capital Powers Affordable Housing Project in Petoskey, MI With $13 Million LIHTC

Alabama State University Approves Construction of Two New Student Housing Complexes, 500+ Beds

Deven Group to Expand Student Housing Portfolio to $1 Billion, Targeting Tier I Universities

WinnCompanies Begins $51 Million Renovation of Worcester Boys Club into Affordable Senior Housing

Berkadia Closes $92.71 Million in Financing for Senior Housing Communities Across Four States

JEMB Realty Begins 80-Acre P3 Project Near Monmouth Park in New Jersey

LA Metro Secures $893 Million Grant for New Light Rail Project

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