News & Analysis as of

Affordable Housing State and Local Government Property Tax

Pullman & Comley - For What It May Be Worth

New Bill Requires Municipalities to Assess Affordable Housing Properties Based on Net Rental Income

The Connecticut General Assembly recently passed a bill requiring municipalities to assess properties used solely for low and moderate-income housing based on the capitalized value of their net rental income....more

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

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Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...more

McCarter & English, LLP

A Look Ahead: Governor Murphy’s State of the State and the 221st New Jersey Legislature

New Jersey’s 221st Legislature is officially underway with yesterday’s swearing in of 37 new members (10 in the Senate and 27 in the General Assembly), followed by Governor Murphy’s annual State of the State Address....more

Winstead PC

Texas Legislature Approves HB 2071 Which Revises Public Facility Corporation Exemption for Affordable Housing

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The 88th Regular Session (2023) of the Texas Legislature approved HB 2071 (the "Bill"), which revises the way public facility corporations ("PFCs") can be utilized to own and operate affordable housing. Affordable housing is...more

Shutts & Bowen LLP

Florida's Live Local Act

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The Live Local Act (SB 102) (the “Act”) amends multiple provisions of the Florida Statutes with the overarching purpose of spurring additional development of affordable housing in the State. Importantly, for qualifying...more

Bilzin Sumberg

New Florida Law to Turbocharge Affordable Housing Development

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Governor Ron DeSantis signed into law Senate Bill 102 (“Live Local Act” or the “Act”) on March 28, 2023. The majority of the Live Local Act will go into effect on July 1, 2023, with certain provisions pertaining to tax...more

Cozen O'Connor

Cozen Cities - December 21, 2022

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LOS ANGELES — Proposition 22: California Gig Companies, Workers Get Their Day in Appeals Court- For more than a year, the California voter-approved gig economy law known as Proposition 22 has hung in the balance after a...more

Cozen O'Connor

Broad Street Brief: Councilmember Gym Resigns Ahead of Mayoral Run; Four New Members Sworn In to City Council

Cozen O'Connor on

Councilmember Gym Resigns Ahead of Mayoral Run; Four New Members Sworn In to City Council- For a brief window of time, Philadelphia City Council returned to its normal 17-member roster as Quetcy Lozada, Anthony Phillips,...more

Holland & Knight LLP

Los Angeles Voters Approve "Mansion Tax" Affecting High-Value Real Property

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In response to the homelessness crisis, voters in the city of Los Angeles approved Measure ULA, aka the "mansion tax," on Nov. 8, 2022. Measure ULA seeks to raise funding for affordable housing and tenant assistance programs...more

McGuireWoods Consulting

Illinois End of Session Update

Speaker Welch First-Term Highlights - Illinois elected a new Speaker of the House for the first time in almost 40 years after former House Speaker Michael Madigan was ousted from his leadership and later resigned at the...more

Cozen O'Connor

Details on the Mayor’s budget proposal, Proposal to protect renters; Funding for the School District; Land-value taxation

Cozen O'Connor on

Last week, Mayor Kenney formally introduced his budget to City Council. His proposed budget includes: Public Strategies provides more detailed analysis of the budget proposal here. ...more

Ervin Cohen & Jessup LLP

Client Alert Update: More Details on Changes to TOC Maps

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As described in our previous Client Alert, the Los Angeles City Planning Department is reviewing its current TOC Tier designations, and due to mistakes in current TOC maps, many properties will have their Tier designations...more

Locke Lord LLP

Texas Attorney General Addresses Counties’ Ability to Direct Funding To Affordable Housing Programs

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In Opinion No. KP-0219, Texas Attorney General Ken Paxton recently addressed questions related to the ability of a county to utilize its property tax revenues to fund and support affordable housing programs. Below is a...more

Tonkon Torp LLP

Metro Changes Its Approach to Urban Expansion For The Better

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Oregon law requires Metro, the regional government for the Portland area, to maintain an urban growth boundary (UGB) that includes enough land to accommodate 20 years of population and employment growth. Addition of new land...more

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