Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
University of Georgia Raising $300 Million for Facilities Expansion
The University of Georgia Athletic Association announced its goal to raise $300 million through fundraising for the Commit to the G campaign, $50 million of which will be designated for women's athletics and varsity programs. The G campaign aims to support three key...
State Funding for Higher Ed Grew 4.5% in FY21
State funding for public higher education institutions increased by 4.5% in FY2021, according to the recent State Higher Education Finance report. The growth comes despite a 3% enrollment decrease on full-time equivalent students and decline in net tuition revenue due...
Higher Education Credit Ratings Roundup: June 2022
Fitch and Moody's recently updated the ratings of several Higher Education institutions in Indiana, Washington, South Carolina, and Texas. Gonzaga University was given an 'A+' rating on its $9,475,000 Revenue Bonds Series 2022 and $32,030,000 Refunding Revenue Bonds...
Funding Flowing to Local Governments for Affordable Housing Construction
Billions of dollars in public funding and tax enrichments are currently available to support the construction of affordable housing throughout the U.S. The impetus behind these incentives is the country’s affordable housing shortage which has reached near-crisis...
As Institutional Investors Snap Up Rental Properties, Local Officials Consider Pushing Back
In the past few years, there has been an influx of institutional investors buying properties across the US and converting them to rentals. With its impact to the housing market, some states are now proposing actions and ordinances that promote homeownership. The...
Court Strikes Down PennDOT’s P3 Bridge Plan
Pennsylvania's Commonwealth Court ruled last week that the Pennsylvania Department of Transportation's plan to toll nine interstate bridges in Pennsylvania violates state law. PennDOT's announcement that I-79 will be tolled was met with opposition as South Fayette...
$200 Million Affordable Housing Bond Gets On Ballot in Palm Beach
Four out of 6 Palm Beach County commissioners this week voted in favor of including a $200 million affordable housing bond on voters' November ballot. If approved by voters, the money will be used to finance the construction of condominiums, rental units, family...
Rutgers University Gets $300 Million for New Infrastructure Projects: NJ Budget
Rutgers University is getting a sizeable cut of the newly signed $50 billion New Jersey state budget, with $300 million earmarked to fund the University's capital improvements and renovations. $100 million will be used to renovate the Jersey Mike's Arena and to begin...
Efficient Approaches to Affordable Housing for Cash-Strapped Cities
As city budgets tightened post-2008, some governments turned to privatization to construct affordable housing. But there are other policy options for cities to ensure affordable housing for its residents, say researchers in a recent white paper from the Center for...
Using Credit Risk Transfers to Fund Affordable Housing
Could government-sponsored enterprises, tasked with making residential mortgages accessible to underserved populations and increasing the liquidity of mortgage investments, use credit risk transfers as a tool to achieve these goals? A recent research brief from the...
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