News & Analysis as of

Affordable Housing Right of First Refusal

Otten Johnson Robinson Neff + Ragonetti PC

Explaining the New Governmental ROFR and ROFO in Colorado Applicable to Select Multifamily Properties

As of August 7, 2024, owners of for-rent affordable housing properties in Colorado consisting of five units or more and owners of for-rent market-rate multifamily properties in Colorado consisting of between 15 and 100 units...more

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

Lerch, Early & Brewer

Montgomery County Enacts Sweeping Right of First Refusal Changes

Lerch, Early & Brewer on

Under existing law in Montgomery County, Maryland, any time covered multifamily property is sold in the County, the County (acting through its Department of Housing and Community Development (DHCD)), the Housing Opportunities...more

Bowditch & Dewey

Massachusetts Communities Use ARPA Funds to Develop Novel Affordable Housing Programs

Bowditch & Dewey on

MassHousing, Boston, Salem and Worcester have introduced novel programs using American Rescue Plan Act (ARPA) funds to create and preserve affordable housing following the U.S. Treasury’s Final Rule on Coronavirus State and...more

Holland & Knight LLP

Sixth Circuit Gives Statutory Context to Affordable Housing ROFRs

Holland & Knight LLP on

The federal low income housing tax credit (LIHTC) program, 26 U.S.C. § 42, is the largest driver of affordable housing in the country. In an effort to keep LIHTC projects affordable as long as possible, Congress created a...more

Ballard Spahr LLP

Important Developments to ROFR in Prince George's County, MD

Ballard Spahr LLP on

The Right of First Refusal (ROFR) program in Prince George’s County, Maryland, continues to evolve with the implementation of two new initiatives through the Department of Housing and Community Development....more

Ballard Spahr LLP

Howard County, MD, Expands ROFR Requirements for Multifamily Sales

Ballard Spahr LLP on

The Howard County, Maryland, Council passed Bill 13-2020—the Affordable Housing Retention Act—last week. This legislation provides the County and the Howard County Housing Commission with the right to purchase rental housing...more

Coblentz Patch Duffy & Bass

COPA Update: Compliance Not Required Until September 3, 2019

San Francisco’s Community Opportunity to Purchase Act (COPA) became effective earlier this month but the Mayor’s Office of Housing and Community Development (MOHCD) has clarified that sellers of multi-family residential...more

Perkins Coie

All San Francisco Multi-Family Buildings and Sites Subject to New Sales Regulations

Perkins Coie on

Effective June 2, 2019, San Francisco has enacted the “Community Opportunity to Purchase Act” or COPA (codified as San Francisco Administrative Code, Section 41.B.1 through Section 41.B.14). Recognizing the housing crisis...more

Coblentz Patch Duffy & Bass

Sellers Beware? San Francisco Adopts Community Opportunity to Purchase Act for Multifamily Properties

Owners of multifamily residential properties in San Francisco will soon have to extend purchase offers to certain nonprofit organizations, before making or soliciting offers to sell those properties to anyone else—and will...more

Ballard Spahr LLP

Massachusetts Court Rules on LIHTC Right of First Refusal Provisions

Ballard Spahr LLP on

On June 15, 2018, the Massachusetts Supreme Judicial Court affirmed a grant of summary judgment by the Massachusetts Superior Court to a nonprofit developer allowing it to exercise its Section 42 right of first refusal...more

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