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Program Aims to Boost Regional Economic Development
This program supports development in economically distressed areas of the United States.
posted 12/3/12 02:46 AM read complete story
Wells Fargo Grants Enable CDFIs to Expand Reach
The grants help Community Development Funding Instituions (CDFIs) support research and/or planning in order to increase their geographic influence.
posted 10/16/12 1:05 PM read complete story
Tax Credits Play Major Factor in WI Development
A $30 million distribution of federal New Markets Tax Credits (NMTCs) plays a primary role in allowing Kestrel Aircraft to move its 600 jobs at operations in Maine and Minnesota to a site in Superior, WI.
posted 9/5/12 5 PM read complete story
Detroit Groups Seek Plans for Retail in West Village
A pair of Detroit nonprofits, The Villages Community Development Corporation (VCDC) and the Detroit Economic Growth Corporation (DEGC), seek proposals from entrepreneurs and existing businesses to launch a program creating more than 8,000 square feet of retail businesses in the city's West Village neighborhood.
posted 8/20/12 6:36 PM read complete story
Indiana Says State Initiative Cuts Chronically Homeless
Indiana state officials are crediting the state's Permanent Supportive Housing Initiative (PSHI) as a reason for a 25% decline in chronically homeless from last year's point-in-time count. The data come from a new report by the state Housing and Community Development Authority (HCDA) on the2012 poin...
posted 8/13/12 3:51 PM read complete story
Minneapolis Cooperative Nears First Property Purchase
The Minneapolis-based NorthEast Investment Cooperative (NEIC) -- which claims to be the nation's first development cooperative in both the commercial and residential property sectors -- is ready to make its first purchase. NEIC officials tell CDD the idea of the for-profit group emerged from the ex...
posted 8/13/12 06:25 AM read complete story
HUD: Flint, MI Must Repay $1 Million in NSP Funds
HUD is ordering Flint, MI to repay the federal government more than $1 million for improperly spending Neighborhood Stabilization Program (NSP) funds.
posted 8/2/12 5:03 PM read complete story
Asbestos Survey Rules Slowing Demolitions
Ohio cities and the state's congressional delegation want the Environmental Protection Agency to ease asbestos remediation rules they contend are slowing efforts by cities and land banks to raze and rehabilitate abandoned properties for neighborhood stabilization and redevelopment. Officials in ci...
posted 8/1/12 6:47 PM read complete story
Chicago Panel Backs Massive Development Project
The city of Chicago's Zoning Committee approves redevelopment plans for Atrium Village Apartments, which will bring thousands of new apartments and retail units to seven acres that contain one of the nation's first mixed-income models for affordable housing.
posted 7/24/12 4:15 PM read complete story