News & Analysis as of

Affordable Housing Community Development

Harris Beach PLLC

Proposal to Remove Bond Cap Could Aid Affordable Housing Developers

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The U.S. Congress is currently considering the “Accelerated Supply of Affordable Production [ASAP] Housing Act” (the “Act”), legislation to address the nationwide affordable housing shortage and surrounding real estate...more

Katten Muchin Rosenman LLP

Chicago City Council Authorizes Housing Department Loan Restructurings

On September 19, the Chicago City Council amended the city's municipal code to give the housing commissioner new wide-ranging authority to restructure affordable housing loans and grants. The commissioner is now empowered to:...more

Best Best & Krieger LLP

AB 2243: Significant Expansion of SB 6 & AB 2011

The Governor has signed Assembly Bill 2243, which makes it easier for developers to build housing and constrains local review of housing proposals. AB 2243 amends certain provisions of both Senate Bill 6, also known as the...more

Cozen O'Connor

City Council Approves Bronx-Metro North Rezoning

Cozen O'Connor on

On Aug. 15, 2024, the New York City Council approved the Bronx-Metro North Neighborhood Plan, the first New York City Department of City Planning-led neighborhood plan certified and approved under the Adams administration....more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening To: July 2024

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - S.F.’s Stonestown to become west side’s largest residential development in 50 years (SF Chronicle): The plan to convert the Stonestown...more

Goulston & Storrs PC

D.C. FY25 Budget Expands CRE Revitalization Initiatives

Goulston & Storrs PC on

The end of June saw the D.C. Council pass the Fiscal Year 2025 Budget Support Act of 2024 and the Fiscal Year 2025 Local Budget Act of 2024. The 2025 budget includes the “Central Washington Activation Conversion Program...more

Allen Matkins

Sustainable Development and Land Use Update 7.11.24

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The Assembly Select Committee on Permitting Reform held its first hearing on June 18, 2024, commencing its efforts to address California’s housing and climate crises by reforming the state’s land use permitting regime....more

Coblentz Patch Duffy & Bass

As San Francisco Fails to Meet Its Housing Goals, the City’s Approval Process for Housing Projects Just Got Much (Much) Faster and...

As expected, on June 28, the California Department of Housing and Community Development (HCD) determined that San Francisco has not made adequate progress toward its State-mandated housing production goal. The City’s Housing...more

Coblentz Patch Duffy & Bass

What We're Reading, Watching, and Listening To: June 2024

A roundup of news and multimedia from the Unfamiliar Terrain team: San Francisco - Ultra Wealthy Are Putting Money Behind Bets on San Francisco’s Comeback (Bloomberg): Big investments in City businesses and real...more

Allen Matkins

Pending "Builder's Remedy" Bill Significantly Amended in Senate

Allen Matkins on

AB 1893 (Wicks) is currently making its way through the legislature and would modify the Builder's Remedy under the Housing Accountability Act (HAA). This legal alert summarizes the significant amendments made to AB 1893 in...more

Goulston & Storrs PC

“You are a New Yorker the first time you say, ‘'That used to be…’”

Goulston & Storrs PC on

According to one of my favorite novelists, Colson Whitehead, “No matter how long you have been here, you are a New Yorker the first time you say, 'That used to be Munsey's' or ‘That used to be the Tic Toc Lounge.’”  I have a...more

Bilzin Sumberg

City of Miami Is First to Publish Updated Live Local Act 2024 (SB328) Policies and Procedures

Bilzin Sumberg on

Credit goes to the City of Miami staff for becoming among, if not the first Florida municipality, to publish their updated interpretation and guidelines for Live Local Act 2024 (SB328). With the new clarifications generally,...more

Bilzin Sumberg

Florida Live Local Act 2024 (SB328) Signed Into Law: Executive Summary and Application Examples

Bilzin Sumberg on

Florida Governor DeSantis just signed into law Senate Bill 328 (“SB328”), the enhancement to last year’s Live Local Act (“LLA” or “SB102”). The amendments made to the Live Local Act by SB328 are significant in both benefits...more

Polsinelli

Alabama To Offer State Tax Credit for Federal 4% LIHTC Projects

Polsinelli on

As affordable housing has continued to be a topic of concern across the United States, states are evaluating ways to spur and support affordable housing development. In response to affordable housing needs, Alabama became the...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 2 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Polsinelli

Colorado General Assembly Passes Trendsetter Affordable Housing Initiatives

Polsinelli on

Colorado’s General Assembly passed two bills this legislative session dedicated to improving the state of affordable housing in Colorado. HB24-1316 and HB24-1434 aim to supplement the State’s oversubscribed affordable housing...more

Brownstein Hyatt Farber Schreck

Colorado Enacts Local Right of First Refusal Housing Policy

Legislature Gives Local Governments Right of First Refusal on Affordable Housing and Right of First Offer on Certain Market Rate Multifamily Properties - On the final day of the legislative session, the state legislature...more

Katten Muchin Rosenman LLP

New York State Legislature Passes FY 2025 Budget, Including Significant Action on Housing

On April 20, 2024, after months of negotiations, the New York State Legislature enacted the state’s 2024-2025 Budget (Budget). The Budget represents the most significant state action on housing in several budget cycles and...more

Downey Brand LLP

City of Livermore Must Process a Referendum Challenging an Affordable Housing Development Project

Downey Brand LLP on

In Move Eden Housing v. City of Livermore (2024) 100 Cal.App.5th 263, the First District Court of Appeal overturned the trial court and held that the City of Livermore (City) City Clerk was required to process a referendum...more

Ballard Spahr LLP

Acting Comptroller Hsu Highlights Latest Efforts of OCC in Elevating Financial Fairness

Ballard Spahr LLP on

On April 4, acting Comptroller of the Currency Michael J. Hsu provided his remarks for the second year in a row at the Just Economy Conference hosted by the National Community Reinvestment Coalition. He focused his remarks on...more

Ballard Spahr LLP

FDIC Chairman Gruenberg issues remarks at National Community Reinvestment Coalition on FDIC’s economic inclusion strategy

Ballard Spahr LLP on

FDIC’s Chairman Martin J. Gruenberg recently gave remarks at the National Community Reinvestment Coalition on the FDIC’s economic inclusion strategy.  ...more

Lowndes

Orange County's AMI Jumps to $90,400 in 2024: What It Means for Affordable Housing

Lowndes on

The Department of Housing and Urban Development (HUD) recently announced the 2024 Area Median Income (AMI) and Rent Limits for counties statewide. These numbers are impactful on a number of levels, but are extremely important...more

Allen Matkins

Sustainable Development and Land Use Update 3.06.24

Allen Matkins on

Senate Bill (SB) 1227, introduced by Senator Scott Wiener on February 15, 2024, would help speed the recovery of downtown San Francisco by creating a new CEQA exemption for qualifying commercial, institutional, student...more

Bowditch & Dewey

What Does the Town of Milton’s Noncompliance Mean for Future Compliance with MBTA Communities Law?

Bowditch & Dewey on

On October 21, 2022, the Commonwealth of Massachusetts Executive Office of Housing and Economic Development (“EOHED”) issued final guidelines to the Commonwealth’s 177 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

Brownstein Hyatt Farber Schreck

Transit-Oriented Communities Bill Targets Housing Access through State Intervention

House Bill 24-1313 was introduced by Colorado House Reps. Steven Woodrow (D-Denver) and Iman Jodeh (D-Arapahoe) along with state Sens. Chris Hansen (D-Denver) and Faith Winter (D-Adams). HB24-1313 represents a “top-down”...more

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