Civic Development News and Data

The latest local trends, news and insights on infrastructure, economic development, housing and economics.

Pfizer Agrees to MFN Drug Prices, $70B in U.S. R&D and Production

Pfizer has struck a deal with the Trump administration to provide all of its prescription drugs to Medicaid patients at “most favored nation” prices, and to pledge $70 billion in new U.S. production and R&D investments. The company also plans to offer...

D.C. Council Approves $3.7B Commanders Stadium and Development Deal

The D.C. Council approved a $3.7 billion deal to bring the Washington Commanders back to the RFK Stadium site, clearing the way for a new 65,000-seat football stadium and mixed-use development along the Anacostia River. The project includes $1 billion in taxpayer...

California Greenlights $20 Billion Funding for High-Speed Rail Project

California lawmakers have approved a plan to provide up to $20 billion in new funding for the state’s high-speed rail project, after President Trump pulled funding from the effort. The money, drawn largely from Cap-and-Trade revenues, will help complete the initial...

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...

Massachusetts Awards $161 Million in Grants to Support Local Economic Development

Oct 29, 2024 | Economic Development

Massachusetts is fueling the growth of its local economy as state leaders announced that $161 million in grants, made through the Community One Stop for Growth, will be distributed towards 313 economic development projects across 171 communities in the state. Among...

The Ave Project Secures $18.25 Million TIF Financing from Chicago City Council

Oct 25, 2024 | Credits and Incentives, TIFs

The Chicago City Council has approved $18.25 million in TIF financing for The Ave, a new four-story development set to replace the current Neighborhood Housing Services office at 3601 W. Chicago and transform the property into a mixed-use space that will feature 52...

Geneva, IL Approves $42.8 Million TIF Agreement for New Industrial Park

Oct 25, 2024 | Credits and Incentives, TIFs

The Geneva City Council has approved a $42.8 million tax increment financing (TIF) agreement with MIF-Geneva Park to support the development of a new industrial park, which will feature 8 to 12 manufacturing buildings or warehouses on 211 acres east of Kirk Road in...

St. Paul, MN Allocates $2.16 Million TIF Loan for Mary Hall Housing Redevelopment

Oct 25, 2024 | Credits and Incentives, TIFs

The St. Paul City Council has approved the allocation of $2.16 million in tax increment finance (TIF) funds, which will be pooled from TIF districts throughout the city for the $34.7 million redevelopment of Mary Hall into 90 supportive housing units. AEON will...

Travois Secures $35M in NMTC Funding to Boost Native Community Economic Development

Oct 25, 2024 | Credits and Incentives

Kansas City-based Travois, a nationally certified Community Development Entity (CDE), recently received $35 million in New Markets Tax Credits from the U.S. Department of the Treasury to support Native community projects, which will be allocated towards projects in...

Vesper Holdings Acquires 432-Bed Student Housing Community in Denton, Texas

Oct 22, 2024 | Student Housing

Vesper Holdings has acquired Midtown 905, a 432-bed student housing community in Denton, Texas, marking its fifth acquisition of a student housing asset in the local market. The community is located near University of North Texas, and the company plans to invest $1.8...

The Annex Group Starts Construction on 542-Bed Student Housing Community at University of Memphis

Oct 22, 2024 | Student Housing

The Annex Group has officially broken ground on a new student housing community at the University of Memphis, which will be able to accommodate both students and student athletes with a total of 542 beds. Expected to open in fall 2026, the said development will offer...

Harrison Street Closes $2.5 Billion Senior Housing Fund

Oct 22, 2024 | Senior Housing

Harrison Street has successfully closed its Harrison Street Real Estate Partners IX, L.P. fund, raising over $2.5 billion in capital commitments, with more than $7 billion in buying power. The fund will be invested on various sectors, including senior housing assets...

Joint Venture to Develop $44 Million Affordable Housing Project for Homeless Families in Charleston, SC

Oct 22, 2024 | Affordable Housing

A new $44 million, 87-unit affordable housing project in Charleston, S.C., is set to rise soon, which will be developed by a joint venture of The Michaels Organization, Spandrel Development, and One80 Place. The six-story complex aims to serve homeless families and...

$22 Million Financing Closed by MassHousing for 61 New Affordable Rental Units in Salem

Oct 22, 2024 | Affordable Housing

With the closing of $22 million in financing by MassHousing, North Shore Community Development Coalition (NSCDC) is moving forward with the redevelopment of two former school buildings in Salem into 61 affordable rental units, with the funding package consisting of...

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Civic Development News and Data

The latest local trends, news and insights on infrastructure, economic development, housing and economics.

Pfizer Agrees to MFN Drug Prices, $70B in U.S. R&D and Production

D.C. Council Approves $3.7B Commanders Stadium and Development Deal

California Greenlights $20 Billion Funding for High-Speed Rail Project

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

Massachusetts Awards $161 Million in Grants to Support Local Economic Development

The Ave Project Secures $18.25 Million TIF Financing from Chicago City Council

Geneva, IL Approves $42.8 Million TIF Agreement for New Industrial Park

St. Paul, MN Allocates $2.16 Million TIF Loan for Mary Hall Housing Redevelopment

Travois Secures $35M in NMTC Funding to Boost Native Community Economic Development

Vesper Holdings Acquires 432-Bed Student Housing Community in Denton, Texas

The Annex Group Starts Construction on 542-Bed Student Housing Community at University of Memphis

Harrison Street Closes $2.5 Billion Senior Housing Fund

Joint Venture to Develop $44 Million Affordable Housing Project for Homeless Families in Charleston, SC

$22 Million Financing Closed by MassHousing for 61 New Affordable Rental Units in Salem

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