News & Analysis as of

Affordable Housing Conversion

Husch Blackwell LLP

Proposed Federal Legislation Aims to Address Underutilized Commercial Real Estate

Husch Blackwell LLP on

Earlier this summer, bipartisan legislation was introduced in the U.S. House of Representatives aimed at spurring the redevelopment of existing underutilized or vacant commercial properties and converting them for residential...more

Allen Matkins

Recently Effective & Pending State Housing Laws - 2024 Land Use, Environmental & Natural Resources Update

Allen Matkins on

Various state housing bills are currently making their way through the State Legislature that are expected to benefit mixed-income multifamily housing developers. The following summaries reflect the status of the legislation...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 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

Cozen O'Connor

Adams Administration Announces Three New Initiatives to Spur Office-to-Residential Conversions

Cozen O'Connor on

On August 17, 2023, Mayor Eric Adams and Chair of the New York City Planning Commission Dan Garodnick announced three initiatives to assist in creating much-needed housing. The proposals focus on easing the process for...more

Cozen O'Connor

D.C. Looking to Incentivize Office to Residential Conversions

Cozen O'Connor on

As office vacancies remain at record levels in D.C., and even leased buildings continue to remain largely empty thanks to COVID, the city is looking to find ways to incentivize conversion of older commercial buildings...more

Kramer Levin Naftalis & Frankel LLP

The Governor’s Proposed Commercial Conversion Initiative

On Jan. 19, 2021, Governor Andrew M. Cuomo proposed an amendment to Section 277 of the New York State Multiple Dwelling Law (MDL) that would “authorize flexibility in zoning to address high commercial vacancy rates and...more

Ballard Spahr LLP

5 things to know about RAD

Ballard Spahr LLP on

With HUD’s Rental Assistance Demonstration program in full swing and transactions moving through the RAD pipeline, it may be helpful to step back now and again to consider some points about RAD. Here are a few that have...more

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