News & Analysis as of

Affordable Housing Fair Market Value

Vorys, Sater, Seymour and Pease LLP

The Evaluator - Winter 2025: Nationwide Valuation Headlines

Filmore Parc Apartments II v. Norman White, et al., Case No. 2024-CA-0475 (La. App. 4 Cir. 2/14/2025). Last month, a Louisiana appellate court determined that an apartment complex’s affordable housing units were not eligible...more

Davies Ward Phillips & Vineberg LLP

New GST Rebate for Purpose-Built Rental Property

As an incentive to builders to create more rental housing units, the federal government has announced the effective elimination of the goods and services tax (GST) payable on newly constructed rental housing, such as...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

Patton Sullivan Brodehl LLP

What’s the “California Housing Freeze” Proposition on the November Ballot?

A rent control initiative titled the “Affordable Housing Act” — but criticized by others as the “California Housing Freeze” — has qualified as Proposition 10 on the November 2018 ballot.  What is it?...more

Ballard Spahr LLP

HUD Publishes Guidance on Disposition of Particular Public Housing Property

Ballard Spahr LLP on

On November 29, 2016, HUD published Notice PIH 2016-20 (HA) on the subject 2 CFR 200.311(c)(1) Disposition Instructions for the Public Housing Agency (PHA) Retention of Certain Public Housing Real Property (that is no longer...more

Ballard Spahr LLP

HUD Issues Guidance on HOTMA’s Self- Implementing Provisions

Ballard Spahr LLP on

The U.S. Department of Housing and Urban Development (HUD) recently issued this letter to public housing authority (PHA) Executive Directors regarding the five self-implementing portions of the Housing Opportunities through...more

Ballard Spahr LLP

Elements of RAD — transfers of assistance

Ballard Spahr LLP on

For the next blog installment summarizing a key element discussed during Ballard Spahr’s recent RAD webinar, following is an overview of the special conditions that apply to the transfer of assistance from an existing public...more

Ballard Spahr LLP

HUD Proposes Rule To Overhaul Demolition/Disposition of Public Housing

Ballard Spahr LLP on

HUD recently issued a proposed rule to revise requirements applicable to demolition and disposition of public housing by public housing authorities (PHAs) and modify the rules for converting public housing to Section 8...more

Pullman & Comley, LLC

Actual Expenses Establish Low-Income Housing Value in Dispute

Pullman & Comley, LLC on

Property owners and assessment authorities continue to clash over the proper valuation for property tax purposes of rent-restricted, low-income housing. One of the most recent disagreements flared up in the small town of...more

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