News & Analysis as of

Multi-Family Development Affordable Housing Rental Property

Venable LLP

RENTAL Act Promises to Improve Confidence for Owners of Affordable and Market-Rate Housing in the District and Provides...

Venable LLP on

Washington, DC, Mayor Muriel Bowser unveiled legislation on February 12, 2025, aimed at protecting existing affordable housing units and improving the investment climate for newer multifamily housing in the District....more

Ballard Spahr LLP

Mayor Bowser Proposes Important TOPA and ERAP Reforms

Ballard Spahr LLP on

Finally, some potential good news for multifamily property owners and developers in DC. It appears that the discussions on reforming the Tenant Opportunity to Purchase Act (TOPA), as well as the Emergency Rental Assistance...more

Allen Matkins

Inflation and Rising Costs Won’t Slow Multifamily Momentum

Allen Matkins on

Vacancy rates across the state are showing improvement, particularly in San Francisco, which reflects California’s housing shortage. Demand also remains strong, and supply is growing, suggesting confidence in the sector...more

Lerch, Early & Brewer

Rockville and Montgomery County Take Differing Approaches to Rent Stabilization

Lerch, Early & Brewer on

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

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 1 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Holland & Knight LLP

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

Holland & Knight LLP on

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

Lowndes

Florida Legislature Proposes Changes to Live Local Act

Lowndes on

The 2024 Florida Legislature is contemplating revisions to The Live Local Act (“Act”) which took effect on July 1, 2023. These changes are being considered in Senate Bill No. 328 and Florida House Bill No. 1239....more

Ballard Spahr LLP

DMV Multifamily Update

Ballard Spahr LLP on

On the multifamily front, 2024 is off to a fast start. Notwithstanding high interest rates and a challenging regulatory environment, multifamily transactions continue. As a follow-up to our most recent Alert, below are some...more

Lowndes

FHFA Issues Request for Input on Multifamily Tenant Protections

Lowndes on

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) to gather public input on tenant protections in multifamily properties backed by Fannie Mae and Freddie Mac. The FHFA aims to understand the...more

Cozen O'Connor

Rent Control National Momentum

Cozen O'Connor on

In response to multiple news and industry reports that many urban areas in the United States are suffering a crisis in affordable housing, many states and cities are actively considering rent control as an ameliorative...more

Farella Braun + Martel LLP

New California Housing Laws: AB 68 Accessory Dwelling Units

On January 1, 2020, several housing-related bills recently signed into law by the Governor take effect. We will explain the upcoming changes in housing law through a series of updates. Our first update provided information...more

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