Rent control laws continue to evolve in Montgomery and Prince George’s Counties. The rent control law enacted last year in Montgomery County will become effective once regulations are adopted. Our recent Alert discussed these...more
7/16/2024
/ Deed of Trust ,
Housing Market ,
Landlords ,
Leases ,
Proposed Regulation ,
Regulatory Agenda ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tenants
On Friday, June 14, 2024, the Montgomery County Department of Housing and Community Affairs (DHCA) delivered proposed regulations to the Montgomery County Council (Council) for review and consideration. The proposed...more
Our prior Alert discussed the Prince George’s County temporary extension of rent control, Montgomery County rent control updates and the much-anticipated rent control regulations, rental license fee increases, new housing...more
There have been a number of new regulatory developments since our prior Alert, including updates on Prince George’s County rent control, Montgomery County tenant protections, Montgomery County Right of First Refusal (ROFR)...more
4/8/2024
/ Construction Industry ,
Housing Market ,
Landlords ,
LIHTC ,
Multi-Family Development ,
Real Estate Development ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tax Abatement ,
Tenants
As noted in our prior Alert, the Montgomery County Department of Housing and Community Affairs (DHCA) published draft regulations on February 1 to implement the County’s new rent control law. By its terms, the rent control...more
If you have been following our recent Alerts, you are aware that the multifamily industry has been subject to a series of chilling legislative actions and proposals. Today’s Alert focuses on two very recent high-profile...more
Happy Holidays to all. We are still hopeful that Santa brings everyone some relief from rent control and other multifamily restrictions (we heard that the new BEPS Regulations preclude Santa from leaving coal for legislators...more
1/3/2024
/ Comment Period ,
Condominiums ,
Federal Trade Commission (FTC) ,
Fees ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rent Stabilization Codes ,
Rental Property ,
Right of First Refusal ,
Tenants
Summary -
A growing number of states and the District of Columbia have greenhouse gas legislation that includes a requirement for owners of certain commercial buildings to comply with state energy standards and to report...more
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
Our prior Alerts discussed two very different legislative rent control proposals in Montgomery County, Maryland. The goal of one proposal was to prevent rent gouging in a manner that would not discourage investment in new and...more
Below is an update to our recent Multifamily Alerts. The July 18 Montgomery County work session may be of critical importance....more
7/10/2023
/ Critical Infrastructure Sectors ,
Economic Development ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Recordation Taxes ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Tenants
As noted in our prior alert, two different rent control bills are pending in Montgomery County, MD. The HOME Act (16-23) would limit rent increases to the lesser of 3% or the Voluntary Rent Guidelines published annually by...more
As a follow-up to our prior alert, we wanted to provide an update to legislative activities in the region:
New Prince George’s County Updated Rent Control FAQs. We continue to receive many questions regarding the...more
As a follow-up to our recent alerts, the Prince George’s County Council in Maryland held a public hearing Tuesday, April 25, and approved CB-51-2023, An Emergency Act Concerning Landlord Retaliation for Rent Stabilization...more
As a follow-up to our recent alert, here is an update on rent control and other legislative activities in the region...more
As a follow-up to our recent alerts, we wanted to provide an update on rent control in Mount Rainier, Maryland....more
Summary -
The Rent Stabilization Act signed into law by Prince George’s County Executive Angela Alsobrooks restricts County landlords from increasing tenants’ rent above 3 percent over a 12-month period. Separately,...more
Summary -
The Prince George’s County Council recently approved the Rent Stabilization Act of 2023 (Act), which limits residential rent increases to 3 percent for the next year. Separately, the Consumer Financial Protection...more
Summary -
Rent control remains a hot topic around the beltway, and counties in Maryland are pursuing new laws limiting rent increases....more
New Prince George’s County Affordability Goals Impact ROFRs Recently we advised our readers of the uptick by the Prince George’s County Department of Housing and Community Development (DHCD) in exercising and assigning of...more
In March 2020, the D.C. Council authorized and Mayor Bowser effectuated a public health emergency (PHE). The PHE declaration included restrictions on evictions and rent increases and also tolled all time periods under the...more
Summary -
New legislation would greatly expand the Montgomery County’s “payment in lieu of taxes” (PILOT) program....more
Summary -
The new right of first refusal (ROFR) law in Howard County, Maryland, differs significantly from similar requirements in Prince George’s County and Montgomery County, Maryland, as well as the District of...more
The District of Columbia recently announced Housing Stabilization Grants with funds from the federal CARES Act to provide COVID-19 related relief to District housing providers. Eligible landlords may be entitled to 80% of...more
Summary -
Prince George’s County adopted revised regulations that expand the multifamily rental property right of first refusal provisions of County law....more