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...

Rock Ridge Apartments in Rhode Island Set for $57M LIHTC-Funded Renovation

Apr 24, 2025 | Credits and Incentives, Finance - Incentives

The BLVD Group has acquired Rock Ridge Apartments in Woonsocket, RI, for $57 million and will renovate the 152-unit property using Low-Income Housing Tax Credits and tax-exempt bonds issued by Rhode Island Housing. Through the acquisition and subsequent renovation,...

VHFA Awards $3.4 Million in LIHTC for the Construction of 128 Affordable Homes Across Vermont

Apr 24, 2025 | Credits and Incentives, Finance - Incentives

The Vermont Housing Finance Agency Board has awarded $3.4 million in federal low-income housing tax credits to support four affordable housing projects across Vermont, generating $31.5 million in equity for housing development costs. With this funding, the Stevens...

Wisconsin Pours $108 Million into Roads and Infrastructure Improvements

Apr 23, 2025 | Finance - Infrastructure, Finance - Public Projects/Construction, Infrastructure, Transportation

In a recent press release, Wisconsin Governor Tony Evers and the state’s Department of Transportation announced the distribution of over $108 million to counties and municipalities to support local road repairs and infrastructure upgrades across the state. Second...

Oregon Treasury Injects $1.5 Billion Into Affordable Housing and Infrastructure Projects via Bond Sales

Apr 23, 2025 | Affordable Housing, Finance - Infrastructure, Finance - Specialty Housing, Infrastructure

Oregon State Treasury's latest bond sales are set to inject nearly $1.5 billion into transformative public projects across the state, including affordable housing initiatives and infrastructure upgrades. Out of the $925 million raised in the first bond sale, $301...

Anchorage OKs $1.1 Billion Bond Sale, $807 Million Contract for Port of Alaska Upgrade

Apr 23, 2025 | Finance - Infrastructure, Infrastructure, Ports

The Anchorage Assembly has approved two key measures to advance the modernization of the Don Young Port of Alaska, the largest municipal capital project in city history. One ordinance authorizes the sale of up to $1.1 billion in revenue bonds to fund construction...

BAMF Health Invests $93M in Detroit, Secures $1.5M Grants

Apr 23, 2025 | Economic Development, Finance - Economic Development

BAMF Health will invest $$93,756,533 million to establish a new Theranostics Center and Radiopharmacy in Downtown Detroit, creating at least 90 high-paying jobs. The project is backed by a $1.5 million Michigan Business Development Program grant from the Michigan...

California Coastal Commission Greenlights $624 Million Student Housing at UC Santa Barbara

Apr 22, 2025 | Finance - Specialty Housing, Student Housing

The University of California, Santa Barbara received approval from the California Coastal Commission to proceed with San Benito Student Housing, a $624 million on-campus housing complex scheduled for completion in 2027. Designed by Mithun and Skidmore, Owings &...

Construction Begins on $36.9 Million Affordable Senior Housing Complex in Portland, Oregon

Apr 22, 2025 | Affordable Housing, Finance - Specialty Housing, Senior Housing

Construction is underway for M Carter Commons, a $36.9 million, 62-unit affordable housing complex for seniors in Portland, Oregon’s Overlook neighborhood. Funded in part by an $8.1 million affordable housing bond award from the Portland Housing Bureau and a $300,000...

Two Affordable Housing Projects in Petaluma, CA Secure $90 Million in Bonds

Apr 22, 2025 | Affordable Housing, Finance - Specialty Housing

California will see more affordable housing units as the Petaluma City Council recently approved $90 million in tax-exempt bonds to support two projects: Meridian and Rovina Lane. Developed by Danco Group, Meridian was approved for $65 million in tax-exempt bonds to...

$800 Million Housing Plan Aims to Build 30,000 Affordable Housing Across Philadelphia