News & Analysis as of

Affordable Housing Legislative Agendas

Dechert LLP

2024 Election - Implications on Real Estate - Update

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With President-elect Trump announced as the winner of the 2024 election, the landscape of U.S. policy is poised for potential shifts that could significantly impact various sectors. Stakeholders in the real estate market are...more

ArentFox Schiff

Massachusetts Senior Living Facilities Legislative and Regulatory Fall 2024 Update

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How Massachusetts senior living providers need to be thinking about the recently enacted Long Term Care Reform Law and a recent Centers for Medicare & Medicaid Services audit of nursing homes....more

Butler Snow LLP

Texas Comptroller Releases a Report on Housing Affordability

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In August of this year, Texas Comptroller Glenn Hegar shared a Housing Affordability Challenge report, which examines the factors contributing to the housing affordability crisis across the U.S., how the crisis is affecting...more

Conn Kavanaugh

Affordable Homes Act Significantly Increases Homestead Exemption

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On August 6, 2024, Governor Maura Healy signed the Affordable Homes Act (the Act”), legislation whose purpose is to address rising housing costs within the Commonwealth by implementing public investment, changes to zoning...more

Butler Snow LLP

Governor Abbot Announces Over $95 Million In Housing Tax Credits

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In July 2024, Governor Greg Abbott announced that the Texas Department of Housing and Community Affairs (TDHCA) awarded over $95 million in housing tax credits to help finance the development and rehabilitation of more than...more

Sullivan & Worcester

Housing Bill Becomes Law, But It’s Not Just About Housing

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On Tuesday, August 6th, Governor Healey signed into law House Bill 4977, “An Act relative to the Affordable Homes Act.” The 181-page Bill provides for $5.1 billion in capital funding to support housing production and...more

Cozen O'Connor

Cozen Currents: Is Harris the Answer?

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The Cozen Lens - While it’s becoming ever clearer Vice President Harris is likely to be the Democratic nominee following President Biden’s decision to step aside, it’s less clear what the impact will be on the presidential...more

Shutts & Bowen LLP

Florida’s New Statutory Home Warranty: What Home Builders Need to Know

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Florida Governor Ron DeSantis recently signed H.B. 623 into law on April 15, 2024, creating a new section 553.837, Florida Statutes, which will require builders to provide a one-year warranty for all newly constructed homes. ...more

Cozen O'Connor

NYS Legislative Session Concludes

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The 2024 New York State legislative session has concluded. The end of the session was largely overshadowed by Governor Hochul’s directive to the Metropolitan Transit Authority (MTA) to halt the implementation of congestion...more

Brownstein Hyatt Farber Schreck

Colorado Passes Six Land Use Bills Designed to Spur Development and Affordable Housing

Six land use bills passed the Colorado legislature before it adjourned, five of which Gov. Jared Polis has signed into law as of the date of publication. These bills will bring changes to housing development in Colorado with...more

Cole Schotz

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

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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

Butler Snow LLP

Texas Senate Releases Interim Charges Impacting Affordable Housing

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On April 11, 2024, Lt. Governor Patrick issued interim charges for Senate committees to study in preparation for the 89th Legislative Session. Interim charges are directives to committees to study specific policy issues and...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 34 - March 2024

It’s beginning to look a lot like Christmas under the Gold Dome. December 25 may be nine months away, but Christmas trees are appearing everywhere. The most prominent bill so far passed out of the House Education Committee on...more

Partridge Snow & Hahn LLP

New Slate of 15 Bills Introduced in 2024 Intended to Further Encourage Residential Development

As covered in prior PSH Client Alerts on June 26, 2023, August 22, 2023, and November 27, 2023, this past year included numerous major reforms to the Rhode Island zoning and land development statutes, all aimed at spurring...more

Shutts & Bowen LLP

Florida Senate and House Approve Amendment to Live Local Act

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In 2023, the State of Florida adopted the Live Local Act (the “Act”), which seeks to incentivize the development of affordable housing by the private sector primarily by preempting local zoning laws and providing tax...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

DarrowEverett LLP

Benefits of Rhode Island’s Housing Legislation Go Beyond Housing

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In an effort to “fundamentally change [the State’s] approach to housing development, particularly for the moderate and affordable development we need most,” the Rhode Island General Assembly recently passed a slew of...more

DarrowEverett LLP

How Florida's Live Local Act Expedites Affordable Housing Construction

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In the past several years, Florida has seen a population explosion, with over 1,000 people moving to Florida each day. With such a rapid increase in population, demand for housing in suburban and rural areas of Florida is at...more

Coblentz Patch Duffy & Bass

2023 Housing Legislation Overview – Major Signed and Pending Bills

The 2023 California Legislative Session, which closed on September 14, was dominated yet again by efforts to address the state’s continued housing crisis. For the last several years, we have written about many bills enacted...more

Sheppard Mullin Richter & Hampton LLP

Los Angeles Mayor Signs New Legislation Exempting Affordable Housing Projects from Site Plan Review

On July 6, 2023, Los Angeles Mayor Karen Bass signed into law a provision to exempt certain affordable housing projects from the city’s Site Plan Review Process. The exemption was made as an amendment to Site Plan Review...more

McDermott Will & Emery

Florida Passes Bill to Incentivize Affordable Housing Development

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In March 2023, Florida Governor Ron DeSantis signed Senate Bill 102, also known as the Live Local Act (the Act), into law. The bill surpasses historical records for the state, represents the largest investment in housing...more

Ballard Spahr LLP

New Multifamily Update

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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

Cozen O'Connor

New York Note – Legislative Session, Court of Claims, FEMA Funding

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The New York State Legislature has formally concluded session for 2023. Notably, the legislature and Governor Hochul failed to reach a compromise on the state’s affordable housing crisis. In the final hours of session, the...more

Shutts & Bowen LLP

The Live Local Act Part 2 - Affordable Housing Incentives

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The shortage of affordable housing in Florida has been building for many years. Within a time span of 2 years, median rental prices in Florida increased over 30 percent and now the shortage of affordable housing has reached...more

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