article thumbnail

How local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

The challenges facing real estate development today are well-known. A June 2024 survey of the nation’s largest developers found that two-thirds of multifamily projects in the pipeline are delayed because they are no longer economically feasible under current conditions. How have developers adapted to rising costs?

article thumbnail

2024 Update: Local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

The data shows that affordable housing developers continue to struggle with closing financial gaps in their projects (Table 1). The median development cost per unit remained steady at $250,000, more than 50% higher than in 2020. In response, developers increasingly relied on local governments to fill the financial shortfall.

article thumbnail

Election 2020 and the Future of Entrepreneurship + Innovation in Delaware

First State Insights

For more information on the Delaware Small Business Development Center, a unit of the University of Delaware's Office of Economic Innovation and Partnerships (OEIP), visit delawaresbdc.org. Visit choosedelaware.com to learn more about the Delaware Prosperity Partnership.

article thumbnail

NASCIO 2024: MyTN Boosts Registrants and Participating State Services

State Tech Magazine

In February 2020, Tennessee opened the doors to its MyTN application, providing its residents with integrated access to an initial eight state services through an integrated, one-stop portal. Addressing NASCIO 2024, Imsand said his development team…

article thumbnail

Workforce Development for Infrastructure

First State Insights

Mr. Kane's research related to infrastructure and workforce development needs can be reviewed here: [link]. This episode was recorded on June 4, 2020. Mr. Kane's research related to infrastructure and workforce development needs can be reviewed here: [link]. This episode was recorded on June 4, 2020.

article thumbnail

How Bogotá Is Turning 7,000 Citizen Proposals into a Real Plan to Redesign a Major Thoroughfare

The City Fix

Just before she took office in January 2020, Mayor Claudia López committed to redesigning a major artery of Bogotá into a “green corridor” for sustainable, active mobility. She also committed to a comprehensive participatory planning process – a potentially daunting. Continue reading on TheCityFix.com.

article thumbnail

Delaware's Economic Development Response to COVID-19

First State Insights

This interview was recorded on April 9, 2020. This interview was recorded on April 9, 2020. For more information on the Delaware Prosperity Partnership, visit choosedelaware.com. For more information about the Institute for Public Administration visit www.bidenschool.udel.edu/ipa.