AREUEA, the American Real Estate and Urban Economics Association, facilitates the exchange of ideas and research among academics and professionals in real estate and urban economics. Established in 1964, AREUEA supports academic research and policy analysis to advance the understanding of urban development and real estate market functioning.
In economic base analysis, the Basic Industry Multiplier is the ratio of the total population in a local area to the employment in basic industry. Basic industries attract income from outside the local area and foster local service jobs.
A Central Business District (CBD) is the commercial and business center of a city, often characterized by a high concentration of office buildings, retail stores, and cultural institutions.
Economic Development encompasses actions and initiatives taken by municipalities or communities to improve their economic health or the standard of living of residents.
Farmer Mac, officially known as the Federal Agricultural Mortgage Corporation, is a government-sponsored enterprise (GSE) established to improve the availability of mortgage credit in rural America, encourage rural economic development, and ensure competitive and reliable prices for agricultural loans.
The Federal Home Loan Bank System (FHLB) is a group of regional banks across the United States that provide financial products and services to help local lenders provide housing finance, economic development, and community investment.
A landmark U.S. Supreme Court case that defined the parameters for the government's use of eminent domain to transfer land from one private owner to another for economic development.
A landmark 5–4 Supreme Court decision in 2005 affirming the constitutionality of a condemnation of land for the economic development of the town. The case, known as Kelo v. City of New London, sparked significant changes in eminent domain laws across various states.
Tax abatement is a financial incentive offered by a government to reduce or eliminate property taxes on a property for a certain period. This encourages development and investment in specific areas or projects.
Tax Increment Financing (TIF) is a public financing method that municipalities use to subsidize redevelopment, infrastructure, and other community-improvement projects in distressed areas. The aim is to stimulate economic development and increased property tax revenues.
