News & Analysis as of

Multi-Family Housing

Farrell Fritz, P.C.

Property Tax Bills in Nassau County Spell Trouble for Commercial and Multifamily Properties

Farrell Fritz, P.C. on

Halloween may be spooky time of year for some, but in Nassau County October marks the scariest time of year for all – the release of School District Tax Bills. Unlike a trick-or-treater, the Tax Receiver doesn’t stop by to...more

Best Best & Krieger LLP

Governor Newsom Signs Three New Accessory Dwelling Unit Bills

In recent years, the California Legislature has enacted bills that reduce local control over the development of accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs). Recent examples include legislation...more

Tonkon Torp LLP

Portland Multifamily Construction Continues to Slump

Tonkon Torp LLP on

From the campaign trail to the kitchen table, it’s hard to avoid the fact that Oregon has a housing shortage. That crunch is perhaps most severe when it comes to the construction of affordable, multifamily units. Across the...more

Ballard Spahr LLP

Landlords’ Takings Clause Victory; Rent Control Updates for Montgomery County and Prince George’s County; Condo Conversion...

Ballard Spahr LLP on

As summer 2024 winds down, the implementation of new rent control laws has attracted much attention. Providing some respite from the summer’s rent control heat is a recent win for the multifamily industry coming from the...more

Bilzin Sumberg

Live Local Tax Exemption Procedures Updated for 2025

Bilzin Sumberg on

The Florida Housing Finance Corporation has recently updated its guidance surrounding the Multifamily Middle Market Certification and its application process, as established by the Live Local Act. This initiative is...more

Cozen O'Connor

Broad Street Brief: Harris-Walz Ticket Debuts in Philadelphia

Cozen O'Connor on

Property Reassessments to Raise Homeowners’ Tax Bills $330- Though Mayor Cherelle Parker and City Council left the real estate tax rate unchanged this year, Philadelphia homeowners can expect to see property taxes increase...more

Harris Beach PLLC

NY Considers Faith-Based Affordable Housing Act to Address Housing Shortage

Harris Beach PLLC on

The Housing Construction and Community Development Committee is currently considering the Faith-Based Affordable Housing Act (the “Act”), a new law allowing religious corporations or certain religious nonprofit corporations...more

Mitchell, Williams, Selig, Gates & Woodyard,...

ENERGY STAR Certified Buildings: U.S. Environmental Protection Agency Names Russellville, Arkansas, as a Top 10 Small City

The United States Environmental Protection Agency (“EPA”) issued a news release announcing what it describes as its “Top Cities” list that have the greatest number of ENERGY STAR certified commercial and multifamily...more

Allen Matkins

Sustainable Development and Land Use Update - 5.16.24

Allen Matkins on

Assembly Bill (AB) 3068 (Haney, Quirk-Silva, and Wicks) would provide for the streamlined ministerial (i.e., no CEQA) approval of qualifying adaptive reuse projects involving the conversion of an existing building to...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 3 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

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

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

Ballard Spahr LLP

DC, MD Multifamily Housing Update: Rent Control, Licensing, and Eviction Changes, SCOTUS, TOPA, Renters’ Rights and Stabilization...

Ballard Spahr LLP on

We continue to track important legislative and regulatory proposals and changes in the region. Our most recent prior Alert discussed rent control efforts in Maryland, changes to the Low Income Housing Tax Credit program,...more

Buchalter

HUD Issues Rule with New Flood Risk Standards – Impacts New Construction and Substantial Improvements to Properties Financed and...

Buchalter on

On April 2, 2024, HUD published a new rule in the Federal Register regarding the Federal Flood Risk Management Standard (FFRMS). The new rule updates the HUD regulations on Floodplain Management and Protection of Wetlands and...more

Harris Beach PLLC

Calling Out Affordable Housing Components of New York Budget Bill

Harris Beach PLLC on

A number of affordable housing components of the New York State Budget Bill are worth calling out for developers, as the moves, along with the hundreds of millions of dollars coming from the state, should spur development. ...more

Clark Hill PLC

Will Commercial Real Estate Sink or Swim in 2024?

Clark Hill PLC on

In 2024, we anticipate that the commercial real estate industry will continue to face distress with some stabilization. This alert focuses on three subsets of the commercial real estate market: retail, office, and...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

Holland & Knight LLP

Florida's Live Local Act Tax Exemption Deadline Looms

Holland & Knight LLP on

Florida's 2023 Live Local Act provides significant land use, zoning and tax benefits. (See Holland & Knight's previous alerts, "Florida's New Live Local Act Offers Land Use and Tax Benefits," Aug. 8, 2023, and "Florida's Live...more

Allen Matkins

Sustainable Development and Land Use Update 2.22.24

Allen Matkins on

The city of Berkeley will pay $4 million in connection with its mishandling of an application to build 260 housing units on the old Spenger's parking lot. Alameda County Superior Court Judge Frank Roesch fined Berkeley $2.6...more

Procopio, Cory, Hargreaves & Savitch LLP

San Diego City Council Takes Action to Support Housing Development

In response to San Diego’s current housing shortfall and related socio-economic conditions, the City Council has approved several changes to the city’s existing Complete Communities infill development initiative. These...more

Harris Beach PLLC

New York Increases Submetering Compliance Requirements

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New York has amended the Public Service Law (PSL), and submeterers soon will need to comply with four additional requirements, three of which take effect on January 1, 2024. Electricity usage in multi-unit residential...more

Bowditch & Dewey

MBTA Communities Must Submit a Request for a Determination to EOHLC for District Compliance

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 175 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

Harris Beach PLLC

Tax Abatement Replaces J-51 Program to Promote Affordable Housing Improvements in New York City

Harris Beach PLLC on

Governor Kathy Hochul recently signed legislation authorizing a new tax abatement to promote improvements to affordable housing in New York City. In June 2023, lawmakers in New York State passed the Affordable Housing...more

Allen Matkins

Critical State Housing Laws Approved by Governor Newsom

Allen Matkins on

Governor Newsom recently approved multiple state housing bills passed by the State Assembly and Senate. The following is a summary of a few of the key bills that are expected to benefit multi-family, mixed-income housing...more

Ballard Spahr LLP

Expansion of Montgomery County ROFR

Ballard Spahr LLP on

County Council President Evan Glass introduced Expedited Bill 38-23 to modify the Montgomery County, Maryland (County) right of first refusal (ROFR) law to permit the County to assign its ROFR rights to a “qualified entity.”...more

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