Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
 
														Chicago’s LeClaire Courts Secures $5.5 Million TIF Funding
$5.5 million in TIF funding has been approved by Chicago's Community Development Commission for the first residential phase of LeClaire Courts development, a multiple mixed-use building project by The Habitat Company and Cabrera Capital Partners in partnership with...
 
														Cleveland Greenlights TIF District for $3.3 Billion Riverfront Project, Sparking Debate
The Cleveland City Council approved a new TIF district for Bedrock's $3.3 billion Cuyahoga Riverfront project, which will include apartments, offices, retail, parks, and a practice facility for the Cavs. The plan involves allocating up to $1 billion in subsidies into...
Specialty Housing Deal State Rankings: Washington, Georgia Top List in 2024
There have been over 100 specialty housing deals in 2024 so far, according to data from the CivMetrics Specialty Housing Deals Database. These include deals related to affordable housing, student housing and senior housing. Which states are leading the way in deal...
 
														Sonida Senior Living to Acquire Eight Senior Communities in Southeast for $103 Million
Sonida Senior Living, Inc. is set to acquire eight senior living communities in South Carolina and Florida. This transaction, valued at $103 million, comprises 555 units with Assisted Living and Memory Care options, located in Jacksonville, Orlando, Daytona Beach,...
 
														Legal Dispute Erupts Over UCSC’s Student Housing Contract Award
The Nor Cal Carpenters Local Union 505 has filed a lawsuit against the University of California, alleging an unfair bidding process for the UC Santa Cruz student housing project, Student Housing West. The union argues that W. E. O’Neil Construction Co. of Norcal...
 
														University of Georgia Leases Land for New $70 Million Student Residence Hall
The University of Georgia is gearing up for the development of a $72.5 million student housing, leasing 0.596 acres of campus land to address the soaring demand for student housing. An affiliate of the UGA Real Estate Foundation, Inc. UGAREF Lumpkin Street Housing...
 
														San Francisco Pulls $20 Billion Affordable Housing Bond From November Ballot
In a sudden turn of events, two months after the board of the Bay Area Housing Finance Authority voted to place a $20 billion affordable housing bond on this year's ballot, the board this week unanimously decided to pull the measure from the November ballot. The...
 
														Massachusetts Gov Signs $5.16 Billion Affordable Homes Act
In a historic move this month, Massachusetts signed into law the Affordable Homes Act, investing $5.16 billion in bond authorizations and tax credits to combat the housing crisis across the state. This landmark legislation is the largest investment in housing in the...
 
														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...
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