News & Analysis as of

Affordable Housing Tax Credits State and Local Government

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

Polsinelli

Colorado General Assembly Passes Trendsetter Affordable Housing Initiatives

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Colorado’s General Assembly passed two bills this legislative session dedicated to improving the state of affordable housing in Colorado. HB24-1316 and HB24-1434 aim to supplement the State’s oversubscribed affordable housing...more

Bilzin Sumberg

Live Local Act 2024 vs 2023 - Everything You Need to Know

Bilzin Sumberg on

Yesterday, the Florida Senate on the opening day of legislative session unanimously passed by a vote of 40 to 0, Senate Bill 328 also known as the “Live Local Act 2024”. SB328 is in response to a mix of reactions to the...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of Amendments to the New Jersey Aspire Program

What You Need to Know- •The New Jersey Aspire Program has been amended to incentivize developers seeking to close project financing gap costs associated with commercial, mixed use, and residential real estate development...more

Allen Matkins

Sustainable Development and Land Use Update - 6.26.23

Allen Matkins on

In a sweeping effort to expand affordable housing and combat homelessness, Representative Maxine Waters of California introduced a package of three bills on June 21 aimed at narrowing the country’s racial wealth gap....more

Farrell Fritz, P.C.

10 More Years – New York’s Brownfield Cleanup Program Extended

Farrell Fritz, P.C. on

When New York Governor Kathy Hochul executed the 2022-2023 State Budget, it included a 10-year extension to the State’s Brownfield Cleanup Program (“BCP” or “Program).  The State’s voluntary, incentive-laced, BCP was set to...more

Cozen O'Connor

Broad Street Brief: As Gun Violence Surge Continues, City Council Considers Proactive Measures to Reduce Harm

Cozen O'Connor on

As Gun Violence Surge Continues, City Council Considers Proactive Measures toReduceHarm - With a historic surge in gun violence continuing through the start of the fall, City Council is now aiming to take proactive measures...more

Pierce Atwood LLP

Maine Enacts Affordable Housing Tax Credit

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On January 12, 2020, Governor Janet Mills signed L.D. 1645, establishing a Maine affordable housing tax credit (AHTC). The Maine State Housing Authority (MaineHousing) will be tasked with administering and allocating $80...more

Snell & Wilmer

Are You Ready, Nevada? Nine New Laws for the New Year

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Don’t let hindsight be 2020. While others are enjoying the holidays and a well-deserved break, Nevada businesses should “check their lists twice” to make sure they are compliant with a host of new laws going into effect in...more

Best Best & Krieger LLP

Omnibus Housing Bill Adds Teeth to Housing Element Law Enforcement

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Part 1: New California Housing Laws - The California Department of Housing and Community Development was given more tools to hold cities accountable for housing-element compliance. Spanning 140 pages, Assembly Bill 101,...more

Locke Lord LLP

TDHCA Appoints New Executive Director & Announces $79.5 Million in Tax Credit Allocations

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Bobby Wilkinson was named the Executive Director of The Texas Department of Housing and Community Affairs (TDHCA), effective August 15th. ...more

Downs Rachlin Martin PLLC

Captive Insurance Update | Issue No. 2 | 2018 - A summary of state and federal developments in the captive insurance industry

Vermont's Leadership Team - Vermont’s leadership team largely stayed the course in 2017. Governor Phil Scott and Michael Pieciak, the Commissioner of the Department of Financial Regulation (the “DFR”), each completed a...more

Ballard Spahr LLP

Tax Reform – Consolidated Appropriations Act Provides Added Bonus for LIHTC Projects

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On March 23, the President signed the Consolidated Appropriations Act, 2018 (H.R. 1625), a $1.3 trillion dollar spending bill that funds the federal government through September 30, 2018. ...more

Ballard Spahr LLP

Tax Reform Actualized and the Impact on Affordable Housing and Community Development

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As we know, the President has signed what was originally titled Tax Cuts and Jobs Act, the most significant overhaul to the U.S. Tax Code since 1986. The President signed the Act into law after the first of the year in order...more

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