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Affordable Housing Real Estate Transactions

Ballard Spahr LLP

Case Study: Fulcrum Communities Pilot Project – Parker, Colorado

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As part of Colorado’s broader efforts to close the middle-income housing gap, Fulcrum Communities, a Colorado nonprofit, launched a pilot project using an innovative financing model to deliver workforce housing more quickly...more

Tonkon Torp LLP

Checking in on the Portland Metro Residential Real Estate Market

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The June 2025 Market Action Report for the Portland metropolitan area, published by RMLS, describes a residential real estate market that is steady, if subdued, with slight pricing increases and modest shifts in transactional...more

Ballard Spahr LLP

District of Columbia TOPA Reform Alert

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When District of Columbia Council Chairman Phil Mendelson introduced the Rebalancing Expectations for Neighbors, Tenants and Landlords (RENTAL) Act, there were high hopes that much needed reform to the Tenant Opportunity to...more

Brownstein Hyatt Farber Schreck

Staying Ahead of the Curve: Legislative Updates for Nevada CRE Clients

During the Nevada Legislature’s regular 2025 session, state lawmakers considered a total of 601 Assembly Bills (“AB”), 508 Senate Bills (“SB”), and 28 joint resolutions, with much of the action occurring during the last week...more

Jones Day

London Leads in Affordable PBSA: What's Next for the Rest of England?

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London boroughs are implementing the London Plan's requirements for affordable Purpose-Built Student Accommodation ("PBSA") in varied ways, with some setting stricter or additional criteria....more

Saul Ewing LLP

Philadelphia Increases Realty Transfer Tax Rate to 3.578% Starting July 1, 2025

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Effective July 1, 2025, the realty transfer tax rate for properties or acquired real estate companies sold in the City and County of Philadelphia will increase to 3.578%, in addition to the Commonwealth of Pennsylvania realty...more

Troutman Pepper Locke

Maryland Ramps Up Fair Housing Enforcement

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Maryland Attorney General (AG) Anthony G. Brown recently announced three settlements with real estate and property management companies, resulting in more than $310,000 in combined civil penalties and restitution. Brown...more

Ballard Spahr LLP

TOPA Reform Alert

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As reported in our April 2025 Alert on March 3, 2025, DC Council Chairman Phil Mendelson introduced the Rebalancing Expectations for Neighbors, Tenants, and Landlords (RENTAL) Act (B26-0164), which includes proposed...more

Holland & Knight LLP

New York Enacts Affordable Housing Retention Act

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New York Gov. Kathy Hochul recently signed into law the Affordable Housing Retention Act (AHRA), which for the next four years enables condo conversions of specific buildings in New York City with a presale requirement for...more

Allen Matkins

What kinds of assets are investors targeting in today’s shifting political and economic climate?

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“I am seeing continued enthusiasm for existing multifamily assets – particularly those with a value-add opportunity. Although renovations are expensive, the improvement of an existing multifamily asset provides investors with...more

Offit Kurman

New D.C. Law on Pet Fees & Policies – What to Know for October

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The newly enacted Pets in Housing Amendment Act of 2024 D.C. law will impose significant new limits on pet-related fees and restrictions for rental housing providers. For leases starting on or after October 1, 2025: You may...more

Ballard Spahr LLP

HUD Modifies Exclusive REO Listing Period and Eliminates Exclusive Sales Period

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Recently, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2025-13 to revise the exclusive listing period for certain parties in connection with HUD real estate owned (REO) properties, and...more

Ballard Spahr LLP

HUD reverses course and eliminates eligibility of Non-Permanent U.S. Residents for FHA Loans

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In the waning hours of the first Trump Administration the U.S. Department of Housing and Urban Development (HUD) announced that effective January 19, 2021 individuals who are classified under the “Deferred Action for...more

Cozen O'Connor

Broad Street Brief: City Council Talks Tax Reform, HOME Initiative

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During her speech outlining details of her proposed $2 billion Housing Opportunities Made Easy (HOME) Initiative on Monday, Mayor Cherelle Parker urged the City Council to streamline redevelopment processes and consider...more

Kohrman Jackson & Krantz LLP

Rural Historic Tax Credit Preservation Act Aims to Revitalize Small Markets

Last month, U.S. Senate Energy and Public Works Committee Chairman Shelley Moore Capito (R-WV) and U.S. Senator Mark Warner (D-VA) have reintroduced the bipartisan Rural Historic Tax Credit Preservation Act (S. 631). At a...more

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

Mayer Brown

Developing in the Green Belt – An Update

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Following the announcement of a loosening of the rules on developing in the Green Belt, the UK Government published on 27 February guidance on the meaning of "Grey Belt" land and how this should be applied in...more

Hogan Lovells

UK Leasehold Reform: Commonhold is coming

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Commonhold is a form of freehold ownership, where each unit holder owns their own unit (which could be a flat, shop or office unit), and together they own their communal areas through a “commonhold association” - a company...more

Hahn Loeser & Parks LLP

Chicago’s Tenant Opportunity to Purchase Ordinance Takes Effect on Northwest Side

The city of Chicago’s recently established Tenant Opportunity to Purchase (“TOP”) program for rental buildings on the city’s northwest side is now being enforced as of March 1, 2025, by the Department of Housing. The program...more

K&L Gates LLP

The Rules That Apply to Foreign Persons Purchasing Established Homes in Australia are Going to Change on 1 April 2025...So, You...

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The Hon. Jim Chalmers MP, Federal Treasurer and the Hon. Clare O'Neil MP, Minister for Housing, Minister for Homelessness issued a joint media release on 16 February 2025 titled "Albanese Government clamping down on foreign...more

Latham & Watkins LLP

Key Insights on Executive Orders Affecting the Real Estate Industry

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Stakeholders in the commercial real estate industry should familiarize themselves with the Trump administration’s policy priorities and the actions already taken. Within the first month of the new administration, the...more

Orrick, Herrington & Sutcliffe LLP

Washington, D.C., enacts the Fairness and Stability in Housing Amendment Act of 2024

On January 16, the Council of the District of Columbia enacted the “Fairness and Stability in Housing Amendment Act of 2024” to amend housing-related laws including the District of Columbia Housing Finance Agency Act, the...more

Lerch, Early & Brewer

Montgomery County Enacts Sweeping Right of First Refusal Changes

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Under existing law in Montgomery County, Maryland, any time covered multifamily property is sold in the County, the County (acting through its Department of Housing and Community Development (DHCD)), the Housing Opportunities...more

Levenfeld Pearlstein, LLC

Chicago Moves One Step Closer to Enacting ‘Mansion Tax’ That Would Apply to Residential and Commercial Properties

Chicago mayor Brandon Johnson recently agreed to change the city’s real estate transfer tax by implementing a so-called “mansion tax”– a real estate transfer tax applied to the purchase of property over a certain amount. The...more

Allen Matkins

Sustainable Development and Land Use Update - 1.05.23 #1

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California’s Second District Court of Appeal recently affirmed that a shorter 90-day statute of limitations, and not a longer three- or four- year statute of limitations, applies to Political Reform Act (PRA) claims that...more

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