Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
OneGeorgia Authority Awards $9.3 Million for Rural Industrial Site Development
A $9.3 million Rural Site Development Initiative grant has been awarded by the OneGeorgia Authority to support industrial site development across six Georgia communities. This program helps rural areas identify, assess, and develop industrial sites to attract...
Southern Indiana Receives $45 Million Economic Development Funding
Southern Indiana has been awarded $45 million in funding for 21 projects through the second round of the Regional Economic Acceleration and Development Initiative (READI) by the Indiana Economic Development Corporation. Of this, a total of $12.2 million will be...
New TIF District in Euclid, OH to Fund Park Trail Project
Euclid City Council has approved the creation of a special tax district to fund a new off-road trail that will connect the Cleveland Metroparks’ Euclid Creek Reservation to Euclid’s Hero Park. The 30-year, tax-increment financing (TIF) district will use the revenue...
Port of Douglas County, WA Approves TIF District to Fund Improvements
The Port of Douglas County Commissioners approved a Tax Increment Financing (TIF) District to fund improvements in the Pangborn Industrial Service Area in East Wenatchee, Washington, redirecting future tax revenue to spur economic development in the said area....
New Pennsylvania Law Raises Historic Tax Credit Cap to $20 Million
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
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
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
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
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
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...
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