News & Analysis as of

Affordable Housing Regulatory Requirements

Davis Wright Tremaine LLP

Cutting Through California's Housing Crisis: Are New CEQA Exemptions Enough?

As discussed in our earlier post, California's CEQA landscape has rapidly, and potentially seismically, evolved with the passage of AB 130 and SB 131. This post focuses on the immediate creation of a new statutory exemption,...more

Ballard Spahr LLP

Student Housing: A Resilient Asset Class In A Shifting Market

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Despite broader economic headwinds and a slowdown in new development, student housing remains a resilient and attractive asset class. The past year has seen notable portfolio transactions, reflecting investors’ continuing...more

Polsinelli

Texas HB 21 Reshapes the Requirements and Effects of Chapter 394 of the Texas Local Government Code

Polsinelli on

Texas House Bill 21 (HB 21), signed into law in May, has dramatically shifted affordable housing tax exemptions across the state. Specifically, HB 21’s primary impact is on a housing finance corporation’s area of operation...more

BakerHostetler

Analysis of Texas House Bill 21 - Property Tax Exemptions for Housing Finance Corporations Owning Affordable Housing

BakerHostetler on

In its 89th Regular Session, the Texas Legislature enacted House Bill 21 (HB 21), introducing significant reforms to the way housing finance corporations (HFCs) own and operate multifamily affordable housing developments....more

DLA Piper

Major pro-housing CEQA reform legislation signed into California law

DLA Piper on

On June 30, 2025, California Governor Gavin Newsom signed into law Assembly Bill 130 (AB 130) and Senate Bill 131 (SB 131), both of which took effect immediately....more

Alston & Bird

New York State Restricts Institutional Investor Purchases of Residential Real Estate

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In an effort to increase housing affordability, New York State has implemented new regulations limiting institutional investor purchases of single- and two-family residences. Our Investment Funds Team breaks down who is...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

Allen Matkins

Pending State Housing Laws: Expedited Approval of Post-Entitlement Permits

Allen Matkins on

Various state housing bills are currently making their way through the California State Legislature that are expected to benefit mixed-income multifamily housing developers. The following summaries reflect the status of the...more

Allen Matkins

Recent Amendments to the Starter Home Revitalization Act

Allen Matkins on

SB 684 and SB 1123 (Caballero) expand the Starter Home Revitalization Act to further facilitate the construction of “starter” home projects consisting of up to 10 dwelling units (not exceeding an average of 1,750 net...more

Otten Johnson Robinson Neff + Ragonetti PC

Governor and Municipalities in Dispute over Implementation of Strategic Growth Legislation

On May 16, 2025, Governor Jared Polis signed Executive Order D 2025 005 (“Order 005”) to address implementation of recently-passed strategic growth legislation.  As discussed below, Governor Polis has ordered certain state...more

BakerHostetler

Texas Legislative Update: HB 21 Changes Property Tax Exemption For Housing Finance Corporations

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On May 28, Gov. Greg Abbott signed House Bill 21 (HB 21), which becomes effective immediately. A brief summary of HB 21 can be found below. This summary reflects our current interpretation of HB 21. A more detailed analysis...more

GeoDataVision

Why Does the CFPB Disguise Important Mortgage Data?

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Banks play a pivotal role in the economic wellbeing of our nation and local communities. Banks do this by being “financial intermediaries” facilitating the flow of funds between savers and borrowers. This obligation is so...more

Adams & Reese

Colorado's New Construction Bill: What Developers Need to Know

Adams & Reese on

On May 12, 2025, Governor Jared Polis signed HOUSE BILL 25-1272, a significant piece of legislation aimed at reforming the construction defect process, particularly for middle market housing (multifamily, attached housing of...more

Stoel Rives LLP

Washington Enacts Statewide Rent Control | Key Landlord Obligations Under HB 1217

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On May 7, 2025, Washington Governor Bob Ferguson signed House Bill 1217 (HB 1217) into law, establishing statewide residential rent control measures, effective immediately. The legislation limits annual rent increases,...more

Akerman LLP

City of Yes Updates: HPD's New Universal Affordability Preference (UAP) Application Now Available

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The New York City Department of Housing Preservation and Development (HPD) released the City's new Universal Affordability Preference (UAP) Application. The program requirements and process for the new UAP program are very...more

Goulston & Storrs PC

Emphasize Social Spaces During RE Project Public Review

Goulston & Storrs PC on

As Boston continues to work through revisions to its public review process for real estate projects, a key concern is how to determine the appropriate mix of required mitigation and community benefits. Originally Published...more

Offit Kurman

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

Offit Kurman on

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

Multifamily April Alert

Ballard Spahr LLP on

This month’s Alert updates recent housing legislation, including proposed amendments to the DC Tenant Opportunity to Purchase Act (TOPA), the launch of the DC RentRegistry portal, and updates to Montgomery County's rent...more

Otten Johnson Robinson Neff + Ragonetti PC

Uncertainty Around Implementation of House Bill 24-1313: Housing in Transit-Oriented Communities

Uncertainty Around Implementation of House Bill 24-1313: Housing in Transit-Oriented Communities - Last year, the Colorado legislature passed House Bill 24-1313 (the “Act”), which aimed to incentivize transit-oriented...more

Miles & Stockbridge P.C.

Key Takeaways from Build-to-Rent East

“Build-to-rent” means what it sounds like: A builder constructs single-family homes specifically designed for renters. Also known as “build-for-rent,” these communities began in Phoenix during the Great Recession and have...more

Best Best & Krieger LLP

Well-Informed Start to 2025: BBK’s Guidance for New Laws in California – Housing Part Five

In part five of the Housing New Law series from Best Best & Krieger LLP (BBK), important new housing legislation for 2025 related to tribal housing, housing authorities and other bills impacting city housing programs. Below...more

Mayer Brown

Developing in the Green Belt – An Update

Mayer Brown on

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

Butler Snow LLP

Texas Legislative Update: Proposed Reforms to Chapters 303, 392 and 394

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As the March 14, 2025, bill filing deadline approaches in the Texas Legislature, several legislative initiatives have been introduced to reform Chapter 392 and Chapter 394 of the Texas Local Government Code, which govern...more

Lewitt Hackman

LA City Imposes New Registration Requirements (and Fees) for Landlords

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The LA City Council passed an amendment to the Just Cause for Eviction Ordinance (JCO), which went into effect January 27, 2025. It applies to most landlords who own and lease residential property within the city, if they are...more

Cole Schotz

Fair Chance for Housing Act: What NYC Housing Providers Need to Know

Cole Schotz on

Effective January 1, 2025, New York City’s Fair Chance for Housing Act became law. The Fair Chance for Housing Act is designed to eliminate barriers for individuals with criminal conviction histories seeking housing. The...more

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