News & Analysis as of

Affordable Housing Urban Planning & Development Tax Reform

Tonkon Torp LLP

Big, Beautiful Opportunity Zones

Tonkon Torp LLP on

Deep in the 1,100 pages of the “big, beautiful bill” is a plan to retool and extend one of the big policies from the first Trump administration: Opportunity Zones. Under this tax incentive program, investors defer capital...more

Cozen O'Connor

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

Cozen O'Connor on

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

Cozen O'Connor

Broad Street Brief Special Edition: FY26 City Budget Address Recap

Cozen O'Connor on

On Thursday, March 13, Mayor Cherelle Parker delivered her second annual Budget Address to the Philadelphia City Council, unveiling her $6.77 billion FY26 Budget proposal—an approximately $400 million increase over the FY25...more

Cozen O'Connor

Broad Street Brief: Mayor Parker Unveils “Mission 30,000” Housing Plan

Cozen O'Connor on

Mayor Parker Unveils “Mission 30,000” Housing Plan - Mayor Cherelle Parker outlined her “Mission 30,000” plan to build, preserve, and repair 30,000 housing units in Philadelphia during the Chamber of Commerce for Greater...more

Hogan Lovells

U.S.: Post City of Yes - What to Expect in 2025

Hogan Lovells on

With landmark housing policy changes and tax incentives for developers in 2024, we forecast a positive outlook for investment in New York City real estate in 2025. NYC Development 2025: The beginning of the next boom?...more

Bilzin Sumberg

Live Local Act Provides Sales Tax Refund as Additional Incentive for Affordable Housing Development

Bilzin Sumberg on

The Live Local Act (S.B. 102) incorporated relief from sales tax for building materials used in eligible residential units that have a recorded FHFC agreement. What Residential Units Qualify: An eligible residential unit...more

Ballard Spahr LLP

Tax Reform – Consolidated Appropriations Act Provides Added Bonus for LIHTC Projects

Ballard Spahr LLP on

On March 23, the President signed the Consolidated Appropriations Act, 2018 (H.R. 1625), a $1.3 trillion dollar spending bill that funds the federal government through September 30, 2018. ...more

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