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The fallout from the recent failure of the Silicon Valley Bank (SVB) is having wide-reaching effects across the country. Take Boston, for example, where advocates for multiple in-progress affordable housing developments are concerned about their future following the bank's collapse. The... View full entry
Lawmakers created the program in an effort to help low-income communities, and the provisions in the 2017 tax law on opportunity zones were based on bipartisan legislation. But Democrats have become increasingly critical of the program in recent months, following news reports about how wealthy people are benefiting from the program. — The Hill
Representatives Alexandria Ocasio-Cortez and Rashida Tlaib are hoping to repeal the controversial Opportunity Zones program that brings certain tax breaks to investments in new development projects that are located in designated economically-distressed areas, The Hill reports. Though passed... View full entry
World Trade Centers aren't just for the northern hemisphere anymore: Perth, Australia will become the recipient of a two-towered, $1.85 Australian dollar World Trade Center designed by Woods Bagot. The uneven towers (one tops out at 36 stories, the other 75) still need official approval by the... View full entry
