Rose-Hulman to host 2025 Rose Show
The Rose Show first started in 1928, and since then it has been a showcase for projects that fill needs within organizations, society and individual clients.
This year, the university said more than 130 different projects will be showcased at the Rose Show. The projects will be presented by first-year students through graduating seniors.
'This year, student projects have included an open-source educational robotics kit, a transitional housing shelter for people navigating homelessness, a stream table for the Montessori Academy of Terre Haute, a reclining wheelchair, local city infrastructure redevelopments, and a motion mat to enhance a child's upper body movement and cognitive development, among dozens of others,' said Rose-Hulman University.
The Rose Show will be held on Wednesday, May 7, from 1-3 p.m. in the fieldhouse area of Rose-Hulman's Sports and Recreation Center.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


NBC News
18 hours ago
- NBC News
Real estate developers say affordable housing could soon become more profitable
Whether it's in the for-sale or rental market, the affordable housing crisis is only getting worse. There is simply not enough supply, especially in the apartment market, where developers have said it's just too expensive to put up quality, low-income housing. They cite rising costs for land, materials and labor, as well as increasingly restrictive zoning regulations. So-called NIMBYism (an acronym for 'not in my backyard'), is also on the rise, with residents fighting affordable housing in their neighborhoods, where home values have soared in the past five years. 'This is a tough time, I think. All of real estate is being challenged by higher interest rates and by higher construction costs, and, by the way, the building department requirements and all the frictions that are making real estate difficult,' said Jonathan Rose, founder and CEO of the Jonathan Rose Companies, a real estate planning, development and investment firm. 'But there's also a lot of support, and our job is to weave the pathway in between the complexities, the challenges and the opportunities and find the pathway through,' he said. Developers like Rose just got some more of that support from the recently passed tax and spending bill. It expanded the Low-Income Housing Tax Credit, by increasing the amount of credits available and lowering the financing requirements. Specifically, the legislation permanently increased the 9% credit allocation to states by 12%. Developers sell these credits to investors in order to help finance their projects. 'It's a big boost for the creation of more affordable housing. In fact, the United States has a shortage of about 10 million units. This won't solve the whole 10 million unit problem, but it'll be a big help,' said Rose, adding that he sees a growing opportunity for investors in the space. Affordable housing advocates applauded the bill's passage, saying that the LIHTC remains the nation's most effective tool for building and preserving affordable rental housing. 'This legislation delivers a significant expansion of the credit by incorporating key elements of the Affordable Housing Credit Improvement Act, aimed at boosting the supply of rental homes across urban, rural and tribal communities,' said David Dworkin, president and CEO of the National Housing Conference, in a release. Dworkin pointed both to the expansion of the credit as well as changes to another tax credit for developers that would make it easier to qualify for the benefit. 'Together, these changes are expected to produce or preserve more than 1 million additional affordable rental homes between 2026 and 2035,' Dworkin said. There does appear to be strong investor demand in the affordable space, both in new development and renovation. The Jonathan Rose Company recently closed a $660 million impact fund, 'dedicated to acquiring, preserving, and enhancing affordable and mixed-income multifamily housing in high-demand urban markets across the United States,' according to a release. Rose said he is seeing increased interest in housing-related investments from family offices and foundations. There is, however, a new wrench in the works. The Trump administration has proposed a $27 billion cut in federal rental assistance programs for low-income tenants. That is reportedly already causing some lenders to pull back. The cut would need to be approved by Congress, and Rose notes that the House has had longstanding bipartisan support for funding affordable housing. To his point, the Senate Committee on Banking, Housing and Urban Affairs announced Friday it is moving forward on new bipartisan legislation to expand housing supply and address affordability. The package includes removing regulatory barriers to housing development and providing funds for communities that are building more housing that can be used for water and sewer infrastructure. The legislation, however, is aimed more at making for-sale housing more affordable and less at helping build more low-income rental housing. And even still, the new tax incentives for rentals won't help NIMBYism, which appears to be rising right along with home values. Even mixed-use buildings, which have a small percentage of units designated as affordable, are seeing pushback from neighbors concerned that any such housing will damage current and future home values. Even before its expansion, the LIHTC gave developers incentives for more mixed-income buildings, with certain units designated for affordable housing and others at higher price points. Rose said this type of higher-quality, better designed, greener developments benefit owners in the long run by lowering operating and capital costs. 'One of the reasons why communities oppose affordable housing is because a lot of affordable housing — it was built in the '60s, '70s and early '80s — was cheap and ugly, and I wouldn't want it in my neighborhood either,' said Rose. 'We're deeply committed to creating beautiful buildings.'


CNBC
21 hours ago
- CNBC
Real estate developers say affordable housing could soon become more profitable
Whether it's in the for-sale or rental market, the affordable housing crisis is only getting worse. There is simply not enough supply, especially in the apartment market, where developers have said it's just too expensive to put up quality, low-income housing. They cite rising costs for land, materials and labor, as well as increasingly restrictive zoning regulations. So-called NIMBYism (an acronym for "not in my backyard"), is also on the rise, with residents fighting affordable housing in their neighborhoods, where home values have soared in the past five years. "This is a tough time, I think. All of real estate is being challenged by higher interest rates and by higher construction costs, and, by the way, the building department requirements and all the frictions that are making real estate difficult," said Jonathan Rose, founder and CEO of the Jonathan Rose Companies, a real estate planning, development and investment firm. "But there's also a lot of support, and our job is to weave the pathway in between the complexities, the challenges and the opportunities and find the pathway through," he said. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today. Developers like Rose just got some more of that support from the recently passed tax and spending bill. It expanded the Low-Income Housing Tax Credit, by increasing the amount of credits available and lowering the financing requirements. Specifically, the legislation permanently increased the 9% credit allocation to states by 12%. Developers sell these credits to investors in order to help finance their projects. "It's a big boost for the creation of more affordable housing. In fact, the United States has a shortage of about 10 million units. This won't solve the whole 10 million unit problem, but it'll be a big help," said Rose, adding that he sees a growing opportunity for investors in the space. Affordable housing advocates applauded the bill's passage, saying that the LIHTC remains the nation's most effective tool for building and preserving affordable rental housing. "This legislation delivers a significant expansion of the credit by incorporating key elements of the Affordable Housing Credit Improvement Act, aimed at boosting the supply of rental homes across urban, rural and tribal communities," said David Dworkin, president and CEO of the National Housing Conference, in a release. Dworkin pointed both to the expansion of the credit as well as changes to another tax credit for developers that would make it easier to qualify for the benefit. "Together, these changes are expected to produce or preserve more than 1 million additional affordable rental homes between 2026 and 2035," Dworkin said. There does appear to be strong investor demand in the affordable space, both in new development and renovation. The Jonathan Rose Company recently closed a $660 million impact fund, "dedicated to acquiring, preserving, and enhancing affordable and mixed-income multifamily housing in high-demand urban markets across the United States," according to a release. Rose said he is seeing increased interest in housing-related investments from family offices and foundations. There is, however, a new wrench in the works. The Trump administration has proposed a $27 billion cut in federal rental assistance programs for low-income tenants. That is reportedly already causing some lenders to pull back. The cut would need to be approved by Congress, and Rose notes that the House has had longstanding bipartisan support for funding affordable housing. To his point, the Senate Committee on Banking, Housing and Urban Affairs announced Friday it is moving forward on new bipartisan legislation to expand housing supply and address affordability. The package includes removing regulatory barriers to housing development and providing funds for communities that are building more housing that can be used for water and sewer infrastructure. The legislation, however, is aimed more at making for-sale housing more affordable and less at helping build more low-income rental housing. And even still, the new tax incentives for rentals won't help NIMBYism, which appears to be rising right along with home values. Even mixed-use buildings, which have a small percentage of units designated as affordable, are seeing pushback from neighbors concerned that any such housing will damage current and future home values. Even before its expansion, the LIHTC gave developers incentives for more mixed-income buildings, with certain units designated for affordable housing and others at higher price points. Rose said this type of higher-quality, better designed, greener developments benefit owners in the long run by lowering operating and capital costs. "One of the reasons why communities oppose affordable housing is because a lot of affordable housing – it was built in the '60s, '70s and early '80s – was cheap and ugly, and I wouldn't want it in my neighborhood either," said Rose. "We're deeply committed to creating beautiful buildings."

USA Today
3 days ago
- USA Today
What's the latest on Trump's plan to end penny production? What to know
WASHINGTON - Republican lawmakers in Congress are forging ahead with President Donald Trump's plan to end the production of pennies, a move that could potentially cost jobs and affect the way businesses handle cash transactions. The House Financial Services Committee, which oversees banking, insurance and other related matters, advanced a bill dubbed the 'Common Cents Act' by a vote of 35-13 on July 23. The bill would formalize Trump's February order directing the Treasury Department to halt penny production, and round cash transactions to the nearest five cents. It was introduced by Rep. Lisa McClain, R-Michigan, Rep. Robert Garcia, D-California, Sen. Cynthia Lummis, R-Wyoming and Sen. Kirsten Gillibrand, D-New York, at the end of April. 'The Common Cents Act is about fiscal responsibility and good government,' McClain, the House Republican Conference chairwoman, said in a statement. 'Taxpayers shouldn't be footing the bill to produce a coin that loses money every time it's made. It's time to modernize our currency policy and bring some common sense — and Common Cents — to Washington.' With House lawmakers out for their annual one month summer break, and the Senate soon to go on theirs, there won't be much action taken on the bill until after they return. Trump has previously deemed the one-cent coins as 'wasteful,' arguing that it's pricey to produce them. A 2024 annual report from the United States Mint found that the cost of making a penny was 3.69 cents. Here's the latest on the push to end penny production. GOP lawmaker pushes back, then supports bill Republican Tennessee Rep. John Rose, who sits on the House Financial Services Committee, originally expressed concerns over the 'Common Cents Act," but later supported the initiative. Tennessee is home to the nation's sole manufacturer of penny blanks. Blanks are flat metal discs that eventually become coins, according to the U.S. Morrison, the mayor of Greene County, Tennessee, where the blanks are produced, has argued that ending penny production could cost individuals their jobs. In a House Financial Services Committee markup on July 23, Rose argued that eliminating the penny 'without a well crafted plan' to phase out the one-cent coin won't accomplish the goal of 'improving the cost and efficiency of US currency.' 'As it stands, there's been no time provided for states, retailers or consumers to prepare for a penniless economy,' he said. 'We need to do that responsibly and thoughtfully.' However, Rose ultimately said he would vote in favor of the act, after getting reassurance from his colleague that his concerns would be addressed. What are the bill's next steps in Congress? The influential House Rules Committee, which sets terms for how a bill will be debated on, amended and voted on by members in the lower chamber, must take up the bill next. When the bill will go through the committee is still unclear, as House lawmakers have left Washington, D.C., for summer break. The bill does face an uphill battle in the Senate, however, as seven Democrats will need to join Republicans in breaking a 60-vote threshold and advancing it to a final vote (assuming all Republicans support the bill). Republicans have a 53-seat majority in the upper chamber. Gillibrand said in a statement that she's 'optimistic this bill will be passed swiftly in the Senate.' Lummis told USA TODAY that she looks 'forward to continuing our partnership with Senator Gillibrand and the Trump Administration to move the Common Cents Act towards passage in the Senate.' When will the government stop producing pennies? The government made its final order of penny blanks in May − the first step to end the production of the one-cent coin, a spokesperson for the Treasury Department told USA TODAY that month. "The United States Mint will continue to manufacture pennies while an inventory of penny blanks exists," the spokesperson said at the time. It is unclear when the inventory will run out. However, the Louisville Courier Journal reported that the Treasury Department will phase out the production of pennies beginning in early 2026. Contributing: Melina Khan, USA TODAY