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Infrastructure Finance: Does Your State Encourage Innovation?
An outline of 11 infrastructure financing mechanisms available to local governments, and which are authorized for various states.
ViewBoth public and private sector resources are more constrained than ever before, and the issue of how to fund infrastructure remains a significant one. In fact, it’s typically one of the first issues that comes up when developers propose new projects.
The development entitlements process has also become increasingly lengthy and complex, making it both less certain and more costly. More sites today have unexpected surprises, and there is often citizen resistance to development of any sort.
There is also still limited funding from commercial banks for new development, so there’s a greater reliance on private investors.
The challenge and opportunity for all is to figure out how to work together to incentivize desired new projects and finance needed infrastructure as effectively, reliably and efficiently as possible without driving up housing costs in the process.