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USDOT Launches Innovative Infrastructure Financing Tool

Construction Equipment

Transportation Secretary Anthony Foxx today announced that four transit projects in the Seattle area could receive up to nearly $2 billion in financing through an innovative infrastructure financing tool created by the Department of Transportation’s Build America Bureau.

Finance 48
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Labor Shortages Impact Construction Growth Potential for Mission-Critical Sectors

Construction Superintendent Magazine

Linesight recently released its Construction Market Insights report for the Americas, showing that demand for construction workers has surged, leading to rising labor costs and increased project delays. The widening gap between labor supply and demand is increasing costs.

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Industry Groups Say Inflation, 'Buy America' Hampers IIJA Impact

ENR Construction

Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace.

America 36
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Industry Groups Say Inflation, 'Buy America' Hampering IIJA Impact

ENR Construction

Representatives of major construction and transportation groups say that highway and transit funds from the Infrastructure Investment and Jobs Act continue to move out, financing active projects around the country at a solid pace.

America 36
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P3 Inks Deal for Detroit-Windsor Bridge Project Financing

ENR Construction

Bridging North America, a partnership of Fluor, ACS Infrastructure Canada and Aecon Group, reached financial close late last month to design, build, finance, operate and maintain the 1.5-mile-long mile-long Gordie Howe International Bridge Project for the Windsor-Detroit Bridge Authority under a 36-year, $4.4-billion

Detroit 34
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Electrical Component Shortage Requires Action

Pro Builder

Acquisition, Development, and Construction Credit (AD&C) credit continued to become less available and generally more costly during the third quarter of 2022, according to NAHB’s Survey on AD&C Financing. Additional detail on current credit conditions for builders and developers is available on NAHB’s AD&C Financing Survey web page.

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Can No Down Payment Mortgages Close the Homeownership Gap?

Pro Builder

Bank of America is offering zero down payment mortgages to first-time minority homebuyers in five U.S. This week, Bank of America announced that it will be offering zero down payment mortgages for first-time buyers in historically Black and Hispanic neighborhoods in five U.S. Financing. Fri, 09/02/2022 - 09:54. Demographics.

Banking 52