News & Analysis as of

Affordable Housing Rent

Lerch, Early & Brewer

Rockville and Montgomery County Take Differing Approaches to Rent Stabilization

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The City of Rockville and Montgomery County are addressing affordable housing with differing approaches. Both jurisdictions took action on rent control this summer, with plans for future legislation or applicable regulations...more

Holland & Knight LLP

Changes to New York's Housing Laws: What You Need to Know

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New York state has enacted changes in the housing laws that will have a significant impact on the development and operation of multifamily housing in New York City and the state, and will also ameliorate the effects of...more

Bilzin Sumberg

Live Local Act Rent: 2024 Limits Increased by up to 10%

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The Florida Housing Finance Corporation (“FHFC”) recently published their 2024 Income Limits and Rent Limits. These figures show up to a 10% increase in rent limits applicable to qualified Live Local Act projects throughout...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (4/10/24) – Hotels Integrate AI, Baby-Boomers Stay Put, and Insurance Affects Housing...

In our latest roundup, DOT’s major grant programs, proptech’s solution to climate change risks, mortgage-locked sellers put their homes on the market, and more!...more

Adler Pollock & Sheehan P.C.

The Potential of Rent Control in Rhode Island

In 2023, Providence had the largest year over year residential rent increase compared to every other major U.S. city. Rising rental rates are not isolated to the Ocean State. Median residential rent prices increased in cities...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

ArentFox Schiff

NYC’s Rent Stabilization Laws Upheld by Supreme Court in Light of Affordable Housing Challenges Nationwide

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On February 20, the US Supreme Court declined to hear challenges brought by rental unit owners to recent changes made to New York City’s Rent Stabilization Laws. Since these changes went into effect in 2019, news outlets have...more

Ballard Spahr LLP

New Multifamily Update

Ballard Spahr LLP on

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

Ballard Spahr LLP

Multifamily Updates – Rent Control, Tax Increases, Condominium Warranties, FHFA Tenant Protections RFI

Ballard Spahr LLP on

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

Ballard Spahr LLP

Prince George's County - Rent Control Update

Ballard Spahr LLP on

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

Tonkon Torp LLP

Creative Housing Solutions Pop Up Across Oregon

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Real estate attorney David Petersen talks housing solutions in this Ear to The Ground. Across the nation, residential rents continue to outpace wage growth, making housing less affordable for many. In 2022, the national...more

Tonkon Torp LLP

Creative Housing Solutions Pop Up Across Oregon

Tonkon Torp LLP on

Real estate attorney David Petersen talks housing solutions in this Ear to The Ground. Across the nation, residential rents continue to outpace wage growth, making housing less affordable for many. In 2022, the national...more

Ballard Spahr LLP

Prince George’s County Enacts Rent Stabilization Act, Montgomery County Introduces Two Rent Control Bills

Ballard Spahr LLP on

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

Allen Matkins

Sustainable Development and Land Use Update - 2.16.23 #2

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A consortium of San Francisco landlords and property owners filed a lawsuit last week challenging the city’s new tax on vacant residences as unconstitutional and a violation of state law. Proposition M, “The Empty Homes Tax,”...more

Cozen O'Connor

Cozen Cities: February 10, 2023

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CHICAGO — Proposed Ordinance Offers Course Correction for False Claims Against Gig Workers- Rideshare and delivery drivers in Chicago are calling for an ordinance that guarantees their right to appeal before being...more

Morrison & Foerster LLP

MoFoREAL: European Real Estate Newsletter (Q3 2021)

Welcome to the latest edition of MoFoReal, our newsletter highlighting recent activities and other developments in MoFo’s European Real Estate team. We hope you enjoy it and would really appreciate your feedback and...more

Cozen O'Connor

Broad Street Brief: Anti-Eviction Programs Extended as City Distributes Millions in Relief and Eyes Permanent Changes to Housing...

Cozen O'Connor on

Anti-Eviction Programs Extended as City Distributes Millions in Relief and Eyes Permanent Changes to Housing Policy - Philadelphia’s eviction diversion and rental assistance programs will stay in effect until at least...more

McGuireWoods Consulting

10 Takeaways from Virginia Housing Commission’s April 2021 Meeting

Access to affordable housing remains a challenge in Virginia as in many states. During the 2021 General Assembly session, Virginia adopted a Low Income Housing Tax Credit and initiated several studies, including a deeper look...more

Jones Day

Mapping Out Rental Controls Across Europe

Jones Day on

The term "Rent Controls" refers to measures designed to restrict the amount of rent that a landlord can charge a tenant for residential premises. Rent control measures appear in various forms across Europe, ranging from...more

Coblentz Patch Duffy & Bass

California State Ballot Includes Major Property Tax, Rent Control Measures

While the focus in November is on the top of the ticket, Californians also face a long list of ballot measures. Here we focus on three major measures that impact California real estate: Propositions 15, 19 and 21....more

Burr & Forman

South Carolina Housing Issues State Low Income Housing Tax Credit Policies

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South Carolina enacted a state low income housing tax credit on May 14, 2020... The South Carolina State Housing Finance and Development Authority (SC Housing) is required to issue an eligibility statement in order for a...more

Bilzin Sumberg

Notice to Owners and Developers of Affordable Housing (FHFC Emergency Rule 67ER20-1)

Bilzin Sumberg on

If you are an owner or developer of affordable housing, we wanted to be sure you are aware of Florida Housing Finance Corporation’s (“FHFC”) Emergency Rule 67ER20-1, which creates incentives for owners of developments that do...more

Spilman Thomas & Battle, PLLC

Watch List - Proposed Rent and Mortgage Cancellation Act of 2020 Suspends Payments During Pandemic but Requires Landlords and...

On April 17, a bill was introduced in the United States House of Representatives seeking to create the Rent and Mortgage Cancellation Act of 2020. The primary feature of the bill is it would suspend all rent and mortgage...more

Allen Matkins

Sustainable Development and Land Use Update - October 2019 #2

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Focus - California will limit rent increases under bill signed by Governor Newsom - Los Angeles Times – October 8 - Californians will for the first time have new safeguards against large rent increases after Governor...more

Holland & Knight LLP

Section 421-a and New York City's New Rent Law

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A number of questions have arisen concerning the impact of the recently adopted Housing Stability and Tenant Protection Act of 2019 (HSTPA) on the Section 421-a Tax Exemption Program. HSTPA (Chapter 36 of the Laws of 2019)...more

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