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Property Tax › Affordable Housing

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Dentons

First Day of the 2025 Iowa Legislative Session

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The Iowa Legislature gaveled in yesterday, Monday, January 13, for the first day of session. All returning and newly elected House and Senate members convened at the Capitol for the first year of the 91st General Assembly....more

Bradley Arant Boult Cummings LLP

HUD’s Proposed ORCA Program – A New Option for Earlier Mortgagee Reimbursement

Bradley Arant Boult Cummings LLP on

On December 19, 2024, the Fair Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD) published a draft Mortgagee Letter proposing a new Optional Reimbursement Claim Alternative (ORCA)...more

Cozen O'Connor

Cozen Cities - January 8, 2025

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CHICAGO — Jobs Slightly Down Since Last Year, State Data Shows - The Chicago metro area experienced a 0.2% drop in non-farm jobs between November 2023 and November 2024. While private education, health services, and...more

Cozen O'Connor

Cozen Cities - December 18, 2024

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Baltimore nonprofit Waves received a $2 million grant from Baltimore’s Office of Information and Technology to deploy fiber-optic networks in low-income residential buildings, aiming to bridge the city’s digital divide...more

Cozen O'Connor

Cozen Cities - November 20, 2024

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DETROIT — City Becomes Largest U.S. City to Accept Cryptocurrency Payments - Detroit residents will have the option beginning in mid-2025 to make payments with the digital currency through a secure platform managed by...more

Goulston & Storrs PC

D.C. FY25 Budget Expands CRE Revitalization Initiatives

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The end of June saw the D.C. Council pass the Fiscal Year 2025 Budget Support Act of 2024 and the Fiscal Year 2025 Local Budget Act of 2024. The 2025 budget includes the “Central Washington Activation Conversion Program...more

Pullman & Comley - For What It May Be Worth

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

Pullman & Comley - For What It May Be Worth on

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

Cole Schotz

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

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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

Kohrman Jackson & Krantz LLP

Reshaping the Skyline: The Modernization of the City of Columbus Zoning Code

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This month, the City of Columbus introduced a revolutionary proposal to modernize its 70-year-old zoning code. The initiative aims to address the city and the region’s rapid growth by strengthening housing, mobility, and...more

Cozen O'Connor

Cozen Cities - April 10, 2024

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CHICAGO — Gov. JB Pritzker Announces Plan to Make Chicago Quantum Technology Capital- Illinois Governor JB Pritzker announced a plan to make Chicago a quantum technology capital at M-Hub, a business incubator on Chicago’s...more

Best Best & Krieger LLP

A Well-Informed Start to 2024: BBK’s Guidance for New Laws in California – Housing Part Three

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In the final part of the 2024 Housing New Law Guidance series from Best Best & Krieger LLP (BBK), we cover important new housing legislation related to fire safety, elections, post-entitlement phase permits, streamlined...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

Cozen O'Connor

Cozen Cities - February 14, 2024

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BOSTON — City Leading AI Industry- Boston-area companies are leading in the development of new artificial intelligence (AI) and managing data for AI use. A new report estimates that Boston’s expertise in tech and health...more

Tonkon Torp LLP

Are the Political Winds Changing in Portland for New Housing?

Tonkon Torp LLP on

On January 31, the Portland City Council passed its Housing Regulatory Relief package. This package, which had been approved by the City Planning Commission on a 7-1 vote in November, follows years of lobbying from the...more

Bilzin Sumberg

Live Local Act Glitch Bill

Bilzin Sumberg on

As expected, within days of the opening day of the 2024 Legislative Session came two proposed “clarification glitch” bills containing several proposed amendments to the Live Local Act.  Senate Bill 328, sponsored by Senator...more

McCarter & English, LLP

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

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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

Allen Matkins

Sustainable Development and Land Use Update 1.05.24

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We previously published a legal alert on October 12, 2023, about the extensive housing package that Governor Gavin Newsom signed on October 11, 2023, consisting of 56 bills to help address California’s decades-in-the-making...more

Cozen O'Connor

Cozen Cities - January 3, 2024

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BALTIMORE — Mayor Scott, BDE Introduce Free Public Wi-Fi Network - In December, Mayor Brandon Scott and the City’s Office of Broadband and Digital Equity (BDE) launched FreeBmoreWiFi, a citywide free public Wi-Fi network....more

Cozen O'Connor

Cozen Cities - December 13, 2023

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BALTIMORE — New UpSurge CEO Bets on Baltimore, Tech Tech- entrepreneur Kory Bailey — who was recently named CEO of UpSurge, a nonprofit, professional ecosystem-building organization — spoke about his efforts to build a...more

Bilzin Sumberg

Florida Live Local Act Tax Exemption Guidance Officially Updated

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The Live Local Act provides a property tax exemption of up to 100% of the assessed value of a qualifying project’s units. In order to qualify, a project must contain at least 71 housing units, and must serve housing occupants...more

Cozen O'Connor

Cozen Cities - November 30, 2023

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Gig Economy & Technology- DETROIT — Electric Delivery Startup BrightDrop Becomes Part of GM- BrightDrop, a General Motors (GM) commercial electric vehicle startup formed in 2021, will no longer operate as a subsidiary and...more

Allen Matkins

Sustainable Development and Land Use Update 11.09.23

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The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions....more

Cozen O'Connor

Cozen Cities - November 1, 2023

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Gig Economy & Technology- BALTIMORE — Baltimore Selected as Federal Tech Hub for AI, Biotechnology The Baltimore region has been awarded a federal designation as a national tech hub, which could generate hundreds of...more

Warner Norcross + Judd

New Brownfield Redevelopment Law Amendments in Michigan

Warner Norcross + Judd on

On July 18, 2023, Governor Gretchen Whitmer signed a series of bills that will dramatically update the state’s brownfield redevelopment laws to allow the use of tax increment financing for housing projects on brownfield sites...more

Cozen O'Connor

Cozen Cities - June 29, 2023

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DETROIT — Detroit Program Teaches Residents Tech Fundamentals, How to Find High-Paying Jobs- Durfee Innovation Society, the Detroit chapter of the national nonprofit NPower, gives participants the ability to create a...more

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