New research shows that some U.S. communities are much better than others at attracting grants and financing for community development—even after adjusting for relative need. The numbers are clear, but the reasons for the disparity may not be.
A strong economy can lead to a lack of affordable housing and a lack of affordable housing can lead to higher rates of homelessness. But a stronger economy can also disqualify regions from federal support for homelessness.
The Summerhill Bus Rapid Transit Project—on track to become the first bus rapid transit line in the state of Georgia—received a critical bath of funding from the federal government this week in the form of a $12.6 million TIGER grant.
The Trump Administration signaled a desire to scrap a funding program that helped fund transit, pedestrian, and bike infrastructure. A new program likely focused on rural and toll roads could take its place.
Risk-management experts are seeking creative ways to finance resilience investments that prevent damage from natural disasters. Insurance markets, with their direct stake in protecting homes and businesses, can be key partners in this effort.