Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
$22.2 Million Bond Issued by MassDevelopment to Fund Affordable Senior Housing in Foxboro
MassDevelopment recently issued a $22.2 million tax-exempt bond for an affordable senior housing project on Walnut Street to construct 80 units as part of phase one of the project's development. WPRI 12 reported: The one-bedroom units from phase one will be rented to...
Whistleblower Complaint Leads to Cancellation of RFP Award to Salt Lake City Senior Center Project
Salt Lake County's Sunday Anderson Senior Center development project has encountered a setback after a whistleblower's complaint led to the rescission of the recently awarded RFP contract. SLC Mayor Jenny Wilson canceled the award just a week after it was announced...
$285.5 Million Refinancing Deal Completed for Temple University Student Housing by Walker & Dunlop
Vantage and The View, two student housing facilities on Temple University's campus, gained a financial boost as Walker & Dunlop successfully closed a $285.5 million refinancing deal for the said properties. Business Wire reported: Walker & Dunlop’s Bethesda...
Brickstone Partners Secures $58 Million from Blackstone for Fort Collins Student Housing Portfolio
Brickstone Partners, a student-housing-focused operator in Colorado, has successfully secured a $58 million refinancing package from Blackstone for its Fort Collins portfolio. Acquired in 2021, the portfolio consists of The Junction Apartments and The Alpine...
UC San Diego Seeks Approval for $2 Billion Student Housing Village; Would Be Largest in San Diego County
A $2 billion student housing village is on the horizon on the eastern edge of UC San Diego's main campus as Chancellor Pradeep Khosla seeks approval from the University of California for its development. The proposed village is set to exceed the size of any...
Lawsuit Dismissed Against Clemson Student Housing Complex
The development of Hub Clemson, a 7-story planned student housing complex near Clemson University's Memorial Stadium, is moving forward as the lawsuit brought against it was dismissed earlier this week. The lawsuit challenged the development's compliance with the...
Ohio’s Future Fund Awards $14.6 Million to Infrastructure Improvements in Defiance County
This week the Office of Ohio Governor Mike DeWine announced a $14.6 million award from the All Ohio Future Fund which will be used for infrastructure improvements at a 1,000-acre site in Defiance County. Baltimore Avenue Industrial Corridor in Defiance will be...
City of Trenton Receives $15.6 Million Choice Neighborhoods Grant for Redevelopment
The City of Trenton and the Trenton Housing Authority have been awarded a $15.6 million Choice Neighborhoods Grant as announced by President Biden and HUD Acting Secretary Todman. The funding will be allocated towards the improvements and redevelopments to be made at...
EDA Launches $25 Million Funding Round for Good Jobs Challenge
The Biden-Harris Administration, through the Economic Development Administration (EDA), is launching a new phase of the Good Jobs Challenge, investing $25 million in locally-led workforce training programs. This latest funding opportunity aims to support sectoral...
Capital One Unveils $265 Billion Community Benefits Plan
Capital One Financial Corporation this month promised over $265 billion in lending, investment, and philanthropy over five years as part of its proposed acquisition of Discover Financial Services. Developed with NALCAB, NeighborWorks America, OFN, and the Woodstock...
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