The Indiana Finance Authority recently unveiled the recipients of the loans from the first round of the Residential Infrastructure Fund (RIF). 11 Indiana communities were approved to receive $51 million in loans to finance infrastructure projects that support residential housing development 🏡 Communities were selected based on the need for additional housing inventory to accommodate local job growth. Learn more and view the recipients: https://buff.ly/4cFcLbR
Indiana Builders Association, Inc.’s Post
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On April 30th, Prosper is hosting an open house focused on up to four proposed Central City TIF (Tax Increment Financing) districts. It's pretty wonky and technical, but this funding/financing tool has been a driver of many of the catalytic projects we've seen in Portland over the last few decades and beyond like the Eastbank Esplanade, the buildout of the Pearl District, MAX investments, affordable housing projects, and many more. It also contributed to the neighborhood change we saw in the Interstate URA. More people in the community need to learn about tax increment financing, the boundary options Prosper is weighing with their working groups, and the types of projects TIF could fund. What goes into these plans will influence the types of public-private partnerships we will see in the Central City for several decades. https://lnkd.in/g36xxz4K
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The state budget was passed last week and sits on the governor's desk right now. Some major victories for transportation and infrastructure funding were included: I-70 expansion continues, as expected Huge new investments on I-44: $727.5 Million for targeting expansions and improvements. Half of this is up front and half is bonded, similar to the I-70 project $100 Million for low-volume roads. This is separate and in addition to normal MODOT funds. $11.6 Million for port improvements on the state's rivers.
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Drinking Water State Revolving Funds (DWSRF) have been awarded to communities for water infrastructure improvements. To learn more about these funds and to see where they’re going, visit Michigan.gov/DWSRF. Michigan’s DWSRF program has awarded over $1.8 billion dollars to 428 drinking water projects across the state since 1998. Of that, over $79 million has been awarded as principal forgiveness (i.e., loan dollars not required to be paid back). For Fiscal Year 2024, EGLE plans to award over $760 million to Michigan communities from grant and loan programs, including the DWSRF, Bipartisan Infrastructure Law, and American Rescue Plan.
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As part of the state’s budget, the NSW government plans to invest $2.2 billion in housing and infrastructure projects. This funding includes: * $1.5 billion for infrastructure like roads, parks, hospitals and schools in regions including Sydney, the Lower Hunter, Central Coast, and the Illawarra * $400 million in Restart NSW for the new Housing Infrastructure Fund to boost housing supply across the state * $300 million for Landcom to speed up new home construction, ensuring 30% are affordable The NSW government also allocated $38.7 million towards improving the planning system. Treasurer Daniel Mookhey said housing affordability and availability is one of the biggest pressures facing NSW residents. “Addressing a chronic housing shortage requires a long-term plan,” he said. “The Minns Labor government is working to provide relief now while putting in the proper planning to ensure we’re ready for the challenges of the future.” Need a home loan? Contact me on [email protected] or 0413 766 888. #homeloans #property #sydneyrealestate
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PRESS RELEASE Governor McKee, RIDOT Announce Launch of Application Process for New #RIReady Municipal Road Fund Program PROVIDENCE, RI – Governor Dan McKee, Lt. Governor Sabina Matos, Rhode Island Department of Transportation (RIDOT) Director Peter Alviti, Jr. and several municipal leaders gathered today at the Rhode Island State House to announce the launch of the application process for the Governor’s #RIReady Municipal Road Fund Program. This grant program makes $20 million available to fund important road, bridge, and sidewalk projects on locally maintained city and town roads. “We’re ready to fix Rhode Island’s roads and bridges and finally improve our state’s infrastructure rankings – and with our municipal leaders on board, this is the team that’s going to get it done,” said Governor Dan McKee. “This program is a huge win for Rhode Island, taking $20 million in federal funds and leveraging those dollars into $60 million for local infrastructure repairs.” With roughly 80 percent of all miles of road in the state maintained by cities and towns, this investment by Governor McKee will have a direct impact on the residents of all communities. Upgrading roadways and sidewalks across the state will increase safety, meet the growing infrastructure needs as the state looks to increase housing development, and support the growth of businesses. With the State’s commitment of $20 million dollars, we could see up to $60 million invested in local infrastructure by October 2026. City and town leaders can submit their applications beginning today, Wednesday, August 2 at ridot.net/MunicipalRoads. Applications are due by October 15 and grant awards will be approved as quickly as possible.
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Federal Budget 2024 – Commonwealth recognises the key role it needs to play solving Australia’s housing supply crisis Urban Taskforce Australia CEO, Tom Forrest tonight welcomed a significant step forward by the Albanese Government in recognising that privately delivered, market housing needs more support if there is any chance of achieving the 1.2 million new homes under the National Housing Accord. $1 billion for new housing enabling infrastructure – available to states this year The $1 billion Priority Works Stream infrastructure funding for the States to provide critical infrastructure such as roads and water was a “Eureka moment”. The Commonwealth has finally acknowledged that infrastructure dollars to stimulate housing supply were key to addressing the nation’s deteriorating housing supply crisis. The good news is that the money is available straight away – in the 2024-25 financial year. To read more, click the link below.
Federal Budget 2024 – Commonwealth recognises the key role it needs to play solving Australia’s housing supply crisis - Urban Taskforce
https://www.urbantaskforce.com.au
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City and County of San Francisco proposing $360 million property tax increase for infrastructure projects. How do cities estimate with accuracy the true cost of capital projects? They cannot since they use manual methods and unfortunately almost always disappoint voters when the list of identified projects remains incomplete. Fortunately technology exists for not only the cost of capital projects but also the maintenance and staffing.
S.F. Mayor Breed proposes $360 million bond. Here’s what it would fund
sfchronicle.com
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CRD planning to boost housing costs with DCCs. Exactly the wrong direction during a housing affordability crisis. BC & federal govts should be paying for upstream infrastructure, not local homebuyers, already priced out of the market https://lnkd.in/gBSKaBTn The CRD's DCC proposal may also disqualify the CRD & local taxpayers from billions in federal infrastructure grants requiring a 3 year freeze on DCCs. Why boost housing prices when you can access federal funding? https://lnkd.in/gXrcScXa
Proposed Regional Water Supply Development Cost Charge Program
getinvolved.crd.bc.ca
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