How does a city make sure it’s ready for investment? A question weighing on many municipal minds is how to organize planning, economic development strategies, and zoning regulations to make it clear to residents, developers, and investors that this is the right place to be. Further, how does a community encourage investment without sacrificing the characteristics that make it an attractive community to its residents?
The latest developments, events, and resources from LOCUS:
Dozens of federal programs are designed to help finance smart growth development, and a new resource from LOCUS provides an overview of all of those programs in one convenient place. The 2019 Federal Financing Toolkit has been updated and expanded to include dozens of federal financing opportunities that are designed to help real estate developers and investors, as well as local elected officials, achieve their development goals.
The toolkit is free for LOCUS members. Log in to the Member Resources section of our website to access your copy. The toolkit is also available for non-members at a cost of $60 — sign up to purchase your copy. As demand for smart growth development rises across the country, real estate developers and investors as well as local … Continued
LOCUS and Smart Growth America are launching the 2019 Massachusetts Opportunity Zones Academy, a five-month technical assistance program, with the goal of building the capacity of three to five Massachusetts communities to leverage their designation as Opportunity Zones.
The types of development projects that contribute to vibrant walkable, equitable, and sustainable communities can be complicated and often challenging to finance. So we’re doing something new to connect potential investors and developers with smart growth projects in search of a partner: the LOCUS Smart Growth Showcase.
Do you know a real estate developer, investor, or company creating great walkable places and demonstrating exemplary public leadership to advance smart growth development? If so, nominate them for the 2019 LOCUS National Leadership Awards.
Much of the buzz around Opportunity Zones has centered on big cities, but Councilman Bruce Lockett of Pine Bluff, Arkansas is determined to show potential investors that his community—and other small towns like it—should not be overlooked. Last year, he championed a local ordinance to create a task force of community stakeholders charged with raising Pine Bluff’s profile and attracting investment to the town’s three Opportunity Zones.
The newly created Opportunity Zones program will likely go down as the largest and most significant federal community development initiative in U.S. history, with trillions of dollars in new private investment about to start flowing into pre-designated low-income communities around the country.
The Tax Cuts and Jobs Act of 2017 included a new powerful economic development tax incentive – Opportunity Zones – designed to encourage long-term private capital investment in America’s low-income communities. With over 8,700 Opportunity Zones – spanning the entire continental US, the District of Columbia and US territories – now eligible to tap into … Continued
It’s been a little over one month since real estate industry insiders and policy makers came together to share smart growth innovations at LOCUS New England Summit 2018. We’re reflecting on a few of the most powerful messages we heard throughout the Summit.