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Williams Mullen

Low-Income Housing Tax Credit Reform: The One Big Beautiful Bill Act’s Effect on Affordable Housing

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On July 3, 2025, the United States House of Representatives passed the final version of the One Big Beautiful Bill Act (the “Act”), which was subsequently signed into law by the President on July 4, 2025. ...more

Harris Beach Murtha PLLC

President Signs “Big Beautiful Bill” With Significant Housing Credit Expansion

On Friday, July 4th, President Trump signed the “One Big Beautiful Bill Act” (H.R. 1) – a sweeping budget reconciliation package that includes the most substantial expansion of federal affordable housing resources in 25...more

Harris Beach Murtha PLLC

LIHTC Provisions Become Permanent in Senate Reconciliation Bill

On July 1, 2025, in a 51-50 vote, the Senate approved its tax reconciliation bill which includes key provisions to expand the low-income housing tax credit (LIHTC). If enacted, these provisions would amount to the largest...more

Harris Beach Murtha PLLC

Affordable Housing Credit Improvement Act Re-introduced in House of Representatives

On April 8, 2025, the federal Affordable Housing Credit Improvement Act (“AHCIA”) was reintroduced in the House with 117 bipartisan co-sponsors from over 30 different states. The bill would expand the Low-Income Housing Tax...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

Cozen O'Connor

Broad Street Brief: Mayor Parker Delivers FY26 Budget Address

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Mayor Parker Delivers FY26 Budget Address- Mayor Cherelle Parker presented her $6.7 billion FY26 budget proposal to the Philadelphia City Council today, highlighting an $800 million housing plan, significant business tax...more

Pullman & Comley - For What It May Be Worth

Public Hearing Today on Connecticut Bills to Spur Residential Development on Commercial Sites

Today, March 4, 2025, the Connecticut General Assembly's Housing Committee will hold a public hearing on two bills designed to incentivize the development of housing on the sites of commercial and retail properties....more

Harris Beach Murtha PLLC

Proposal to Remove Bond Cap Could Aid Affordable Housing Developers

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The U.S. Congress is currently considering the “Accelerated Supply of Affordable Production [ASAP] Housing Act” (the “Act”), legislation to address the nationwide affordable housing shortage and surrounding real estate...more

Husch Blackwell LLP

Proposed Federal Legislation Aims to Address Underutilized Commercial Real Estate

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Earlier this summer, bipartisan legislation was introduced in the U.S. House of Representatives aimed at spurring the redevelopment of existing underutilized or vacant commercial properties and converting them for residential...more

Seyfarth Shaw LLP

House Representatives Introduce Bipartisan Bill to Facilitate Residential Conversions of Buildings

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On July 12, 2024, a bipartisan bill was introduced in the U.S. House of Representatives titled the “Revitalizing Downtowns and Main Streets Act” (H.R. 9002) (the “Bill”), which, if enacted, will provide an investment tax...more

Polsinelli

Colorado General Assembly Passes Trendsetter Affordable Housing Initiatives

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Colorado’s General Assembly passed two bills this legislative session dedicated to improving the state of affordable housing in Colorado. HB24-1316 and HB24-1434 aim to supplement the State’s oversubscribed affordable housing...more

Pullman & Comley - For What It May Be Worth

Connecticut Bill Aims to Incentivize Commercial to Residential Building Conversions

National and local news has been replete with stories discussing the challenges and benefits of converting underutilized commercial properties such as office buildings into needed housing.  A recently introduced bill pending...more

Bilzin Sumberg

Live Local Act 2024 vs 2023 - Everything You Need to Know

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Yesterday, the Florida Senate on the opening day of legislative session unanimously passed by a vote of 40 to 0, Senate Bill 328 also known as the “Live Local Act 2024”. SB328 is in response to a mix of reactions to the...more

Pillsbury - Gravel2Gavel Construction & Real...

Bill Proposes First-Ever Federal Workforce Housing Tax Credit for Middle-Class Housing

Legislation was recently introduced to the U.S. Senate and House of Representatives proposing the creation of the first-ever Workforce Housing Tax Credit (WHTC) for middle-income housing developments....more

Allen Matkins

Sustainable Development and Land Use Update - July 2022 #3

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State Supreme Court decision could complicate CEQA review of certain housing projects - San Francisco Chronicle – July 14 - The state Supreme Court has left intact a ruling by the First District Court of Appeal that rejected...more

Lasher Holzapfel Sperry & Ebberson PLLC

Revitalizing Downtowns Act and Other Efforts to Resuscitate Downtown Areas in the Post-COVID Era

The Revitalizing Downtowns Act was introduced in Congress this summer with the goal of converting unused or outdated office buildings into residential or mixed-use spaces. The goal of this legislation is to amend the tax code...more

Ballard Spahr LLP

Tax Reform Actualized and the Impact on Affordable Housing and Community Development

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As we know, the President has signed what was originally titled Tax Cuts and Jobs Act, the most significant overhaul to the U.S. Tax Code since 1986. The President signed the Act into law after the first of the year in order...more

Ballard Spahr LLP

The EB-5 Program gains short-term extension in Congress

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Congress recently passed a short-term extension to keep the EB-5 Regional Center Program (commonly known as the EB-5 Program or the Immigration Investor Program) from expiring. The EB-5 program adds versatility to the...more

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