Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Infrastructure Deal State Rankings: California, Louisiana Top List in 2024
There have been over 300 infrastructure deals in 2024, according to data from the CivMetrics Infrastructure Deals Database. These include deals related to airports, ports, public transit and other infrastructure. Which states are leading the way in deal count, and...
JB Pritzker Announces 5-Year Illinois Economic Growth Plan
Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) last week launched Illinois' 2024 Economic Growth Plan. This five-year plan is designed to propel Illinois' economic growth by outlining strategies to attract groundbreaking...
Edgecombe County, NC Unveils Plan For $1.4 Billion Battery Facility Plant
Edgecombe County, NC is gearing up for an economic boost with the announcement that Natron Energy, an industrial battery manufacturer, has proposed the development of a $1.4 billion plant on a 400-acre site in Rocky Mount. This project is estimated to create 1,062...
Economic Development Deal State Rankings: North Carolina, Michigan Leading the Way in 2024
There have been over 1,400 economic development deals in 2024, according to data from the CivMetrics Economic Development Deals Database. Which states are leading the way, and which are lagging behind? Michigan has seen the most deals (190), closely followed by...
$500 Million Allocated Towards NYC’s Affordable Housing Plans
New York is taking another step in tackling the housing crisis as Gov. Kathy Hochul, along with Mayor Eric Adams and New York City Comptroller Brad Lander, recently announced a $500 million investment in the preservation and construction of affordable housing across...
$45.4 Million in Financing from KeyBank Boosts Affordable Housing in Oak Harbor, WA
Shelter Resources, Inc., a Washington-based affordable housing developer, has secured $45.4 million in financing from KeyBank Community Development Lending and Investment for its Camas Flats project in Oak Harbor. This development will offer 81 affordable housing...
Four Wisconsin Tribes Receive $20 Million Grant for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) has recently announced the four Wisconsin tribes that will receive a portion of the $20 million in federal funding to support affordable housing development in their communities. This financial boost comes...
New Colorado Law Gives Local Governments Right of First Refusal For Affordable Housing Properties
A new Colorado law aimed at preserving the affordability of housing went into effect on August 7, 2024. HB24-1175 grants local governments the right of first refusal to purchase existing subsidized housing properties. With the new law, local governments will be given...
PACS Group Secures $260 Million Loan for Senior Housing Portfolio Acquisition
PACS Group, Inc.'s subsidiary has secured a $260 million loan to acquire a diverse portfolio of 16 senior housing and 22 skilled nursing facilities, totaling 2,713 beds across various states. The financing package includes a first-priority lien with an 8.5% yield and...
Graymont School in Alabama To Be Converted Into Senior Housing; Funded by American Rescue Plan
Birmingham City Council has approved an ordinance to convert Graymont School into affordable senior housing, with construction set to begin in late October. The project will create 101 units and will also be funded by a $3.5 million allocation from the city's...
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