A new study quantifies a substantial return on historic tax credits in Rhode Island.
"The study, performed by the real estate consulting and investment firm of Lipman, Frizzell and Mitchell (LF&M) of Columbia, Maryland, is based on 111 projects enrolled in the program through September 23, 2004 representing a proposed investment of $484.91 million.
...The LF&M study concludes that the state's multi- year investment in the tax credit, estimated at $145.47 million, is generating a total of $795.25 million in economic activity. Put another way, each $1 of state tax credit investment is leveraging $5.47 in total economic output. Additionally, the program is estimated to add $242.5 million to the tax base of local communities, and to generate on a present value basis $179.4 million in additional property tax revenue and $42.14 million in sales and income tax revenue."
Thanks to Laura Kranz
FULL STORY: Study Quantifies Substantial Return on Historic Tax Credit
Manufactured Crisis: Losing the Nation’s Largest Source of Unsubsidized Affordable Housing
Manufactured housing communities have long been an affordable housing option for millions of people living in the U.S., but that affordability is disappearing rapidly. How did we get here?
Americans May Be Stuck — But Why?
Americans are moving a lot less than they once did, and that is a problem. While Yoni Applebaum, in his highly-publicized article Stuck, gets the reasons badly wrong, it's still important to ask: why are we moving so much less than before?
Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Updating LA’s Tree Rules Could Bring More Shade to Underserved Neighborhoods
A new USC study finds that relaxing Los Angeles’ outdated tree planting guidelines could significantly expand urban tree canopy and reduce shade disparities in lower-income neighborhoods, though infrastructure investments are also needed.
California's Canal Solar Projects Aim to Conserve Resources and Expand Clean Energy
California’s Project Nexus has begun generating electricity from solar panels installed over irrigation canals, with researchers and state agencies exploring statewide expansion to conserve water and boost clean energy production.
HHS Staff Cuts Gut Energy Assistance Program
The full staff of a federal program that distributes heating and cooling assistance for low-income families was laid off, jeopardizing the program’s operations.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Heyer Gruel & Associates PA
City of Moreno Valley
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Salt Lake City
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland