News & Analysis as of

Affordable Housing Residential Real Estate Market

Rosenberg Martin Greenberg LLP

The Renters’ Rights and Stabilization Act of 2024: Key Changes and Implications for Maryland Landlords and Developers

On April 25, 2024, Governor Wes Moore signed into law House Bill 693, known as the Renters’ Rights Stabilization Act of 2024, to protect Maryland renters who are experiencing housing instability. While the Act aims to...more

Bricker Graydon LLP

[Event] Uniting for Action: A Discussion on Collaborating Solutions for Central Ohio’s Housing Future - October 18th,...

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Local and state elected officials, community stakeholders, private developers, and employers are grappling with Ohio’s recognized lack of high-quality, workforce-attainable housing options. While Ohio has been successful in...more

Cozen O'Connor

City Council Approves Bronx-Metro North Rezoning

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On Aug. 15, 2024, the New York City Council approved the Bronx-Metro North Neighborhood Plan, the first New York City Department of City Planning-led neighborhood plan certified and approved under the Adams administration....more

McGuireWoods LLP

Federal Adaptive Reuse Bill Introduced in House of Representatives

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U.S. Reps. Mike Carey (R-OH) and Jimmy Gomez (D-CA) introduced the bipartisan “Revitalizing Downtowns and Main Streets Act” in the House of Representatives on July 12, 2024. Modeled after the Historic Preservation Tax Credit,...more

Brownstein Hyatt Farber Schreck

Colorado Enacts Local Right of First Refusal Housing Policy

Legislature Gives Local Governments Right of First Refusal on Affordable Housing and Right of First Offer on Certain Market Rate Multifamily Properties - On the final day of the legislative session, the state legislature...more

BCLP

Hong Kong 2024-25 Budget - Real Estate Sector Highlights, Green Initiatives and Other Updates

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On 28 February 2024, Paul Chan, the Financial Secretary of Hong Kong, delivered the 2024-25 Budget (the “Budget”). Starting off by acknowledging the “challenging external environment” including “heightened geopolitical...more

Bricker Graydon LLP

[Webinar] Cost of Housing & Lack of Inventory – Ohio’s Next Big Economic Challenge: Presented in Partnership with the OEDA -...

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Whether you are in a metro area or a rural community, Ohio’s housing needs are great. If your economic development efforts do not include a plan for how to retain and attract talent through housing inventory and options,...more

K&L Gates LLP

BTR Series Part 7: Residential Sector—Impacts on the Home Ownership Market and Other Sectors Such as Retirement Living

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In Part 7 of our build to rent (BTR) Series, we take a look at the current BTR market in Australia and the potential impacts of BTR developments on the residential sector....more

K&L Gates LLP

BTR Series Part 6: Residential Tenancy Benefits - What Are the Benefits to Occupants?

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It is common understanding that the Australian Government has historically resisted policy changes to reduce tax barriers to a successful build-to-rent (BTR) sector, for fear of being viewed as favouring institutional and...more

Miller Nash LLP

Vancouver Seeks to Expand Affordable Housing Opportunities

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The Vancouver area has grown rapidly in the past decade and this growth has increased the demand for housing, however the supply is struggling to keep up. This in turn has led to higher rents and higher home prices, leaving a...more

Dickinson Wright

Toronto’s New Vacant Home Tax – Deadline Fast Approaching

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Toronto’s New Vacant Home Tax is an annual tax that will be levied on vacant Toronto residences starting in 2023. The Bylaw supporting the new vacant home tax came into effect on January 1, 2022, and the tax will become...more

McNees Wallace & Nurick LLC

Is Part of the Solution to the Housing Problem Already Built?

The affordability of housing in America is a well-documented growing issue. Some public officials have declared it a crisis. The recent spike in mortgage rates certainly will not improve the situation. Public officials and...more

Cozen O'Connor

Cozen Cities - December 14, 2022

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Massachusetts’ Energy Facilities Sitting Board approved a special permit for a controversial electrical substation in East Boston. The permit allows the project to circumvent 14 final environmental permits. 84% of Boston...more

Bennett Jones LLP

Significant Changes Ahead: What You Need to Know About the More Homes Built Faster Act, 2022

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Key Highlights - - The proposed legislative changes are part of the government's long-term strategy to build 1.5 million new homes in Ontario within a decade. - Some of the key changes in Bill 23, if passed, will have...more

Tonkon Torp LLP

The Biggest (and Little Known) Change to Oregon Housing Law

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In 2019, the Oregon Legislature passed House Bill 2001 – the “middle housing” law. This new law will bring wide-ranging changes to construction of new housing in Oregon, but has received little press so far....more

McGuireWoods LLP

Five Things Affordable Housing Developers Need to Know About the American Rescue Plan Act

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COVID-19 has highlighted the need for additional affordable housing for households and communities struggling with long-term housing security. In March 2021, President Joe Biden signed the American Rescue Plan Act (ARPA) into...more

Stoel Rives LLP

New Bill Exempts Real Estate Excise Tax for Real Property Sales or Transfers for Affordable Housing

Stoel Rives LLP on

The Washington legislature recently passed a bill expanding affordable housing tax exemptions. HB 1643 was signed into law by Governor Inslee on March 30, 2022 and will exempt from the real estate excise tax a sale or...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Round-Up - April 2022 #1

A growing proptech startup aims to preemptively identify needed home repairs, 3D-printed homes could become a workable solution to the housing shortage, and more....more

Allen Matkins

Top 7 Takeaways from the Allen Matkins 2022 Real Estate Development Law Update

Allen Matkins on

The economy is strong and growing — perhaps too quickly as the labor market remains tight. A surprising number of people are choosing to stay out of the labor market, for now, contributing to the supply chain disruptions...more

Blake, Cassels & Graydon LLP

New Toronto Policy Mandates Affordable Housing

For many Torontonians, the cost of housing has consumed a growing percentage of their income. In an effort to address this, on November 9, 2021, Toronto City Council adopted amendments to its official plan and comprehensive...more

Barnea Jaffa Lande & Co.

Much More than 66% – Must-Know Changes in the Urban Renewal Field

Barnea Jaffa Lande & Co. on

After years of expectations, the government has approved the legislative amendments needed to promote “Urban Renewal” projects in Israel. While everyone is talking about the amendment lowering the threshold of consent for...more

Bricker Graydon LLP

Other people's money: Certain use of federal stimulus cash by land banks “presumed” eligible

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During the past decade, county land banks ramped up operations across Ohio largely employing one-time cash. The Hardest Hit Fund (HHF), sourced from Ohio’s share of mortgage industry settlement payments related to the Great...more

Shumaker, Loop & Kendrick, LLP

Client Alert: Accessory Dwelling Units- An up-and-coming, yet well-known, housing option

What do grandmothers, hip college kids, pandemic work-from home professionals, and history buffs have in common? A love of accessory dwelling units (“ADUs”)! Commonly called granny flats, garage apartments, or carriage...more

Bradley Arant Boult Cummings LLP

HUD Issues Final Rule Redefining the Standard for Fair Housing Disparate Impact Discrimination Claims

On Sept. 3, the U.S. Department of Housing and Urban Development (HUD) issued its final rule on the implementation of the Fair Housing Act’s disparate impact standard. The Fair Housing Act (FHA) prohibits discrimination in...more

Hahn Loeser & Parks LLP

Hedging Against The Lumber Crisis

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The recent increasing price of lumber may be the single biggest threat to affordable housing in the United States, not to mention the threat it poses to the U.S. economy. Covid-19, which spurred an upsurge in home renovation...more

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