News & Analysis as of

Multi-Family Development Multi-Family Housing

Ballard Spahr LLP

July DC TOPA Reform and Maryland Tenant Bill of Rights Alert

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Happy Independence Week to our readers. 249 years after our great country declared its independence, will some multifamily owners and investors soon be free from TOPA? ...more

Cole Schotz

New York City Council Approves Final City of Yes Housing Opportunity Element

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New York City has taken what it intends to be a significant step toward addressing its housing crisis with the City Council’s December 5, 2024, approval of the third, and final, element of Mayor Adams’ City of Yes housing and...more

Cozen O'Connor

“City of Yes for Housing Opportunity” Approved by the City Council

Cozen O'Connor on

On December 5, 2024, the New York City Council approved with modifications the NYC Department of City Planning’s (DCP) City of Yes for Housing Opportunity, the third and final of Mayor Adams’ City of Yes initiatives. The new...more

Ballard Spahr LLP

Prince George’s County Anti-Gouging Bill and Rent Control Guidance; Montgomery County Term Limits and Troubled Properties...

Ballard Spahr LLP on

With another interest rate cut, the capital markets appear to be more promising for real estate transactions; time will tell how this month’s elections will impact the real estate industry. ...more

Tonkon Torp LLP

Portland Multifamily Construction Continues to Slump

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From the campaign trail to the kitchen table, it’s hard to avoid the fact that Oregon has a housing shortage. That crunch is perhaps most severe when it comes to the construction of affordable, multifamily units. Across the...more

Cozen O'Connor

Broad Street Brief: Harris-Walz Ticket Debuts in Philadelphia

Cozen O'Connor on

Property Reassessments to Raise Homeowners’ Tax Bills $330- Though Mayor Cherelle Parker and City Council left the real estate tax rate unchanged this year, Philadelphia homeowners can expect to see property taxes increase...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 3 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Harris Beach Murtha PLLC

Calling Out Affordable Housing Components of New York Budget Bill

A number of affordable housing components of the New York State Budget Bill are worth calling out for developers, as the moves, along with the hundreds of millions of dollars coming from the state, should spur development. ...more

Bowditch & Dewey

What Does the Town of Milton’s Noncompliance Mean for Future Compliance with MBTA Communities Law?

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On October 21, 2022, the Commonwealth of Massachusetts Executive Office of Housing and Economic Development (“EOHED”) issued final guidelines to the Commonwealth’s 177 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

Holland & Knight LLP

Florida's Live Local Act Tax Exemption Deadline Looms

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Florida's 2023 Live Local Act provides significant land use, zoning and tax benefits. (See Holland & Knight's previous alerts, "Florida's New Live Local Act Offers Land Use and Tax Benefits," Aug. 8, 2023, and "Florida's Live...more

Procopio, Cory, Hargreaves & Savitch LLP

San Diego City Council Takes Action to Support Housing Development

In response to San Diego’s current housing shortfall and related socio-economic conditions, the City Council has approved several changes to the city’s existing Complete Communities infill development initiative. These...more

Bowditch & Dewey

MBTA Communities Must Submit a Request for a Determination to EOHLC for District Compliance

Bowditch & Dewey on

On October 21, 2022, the Commonwealth of Massachusetts Executive Office of Housing and Economic Development (“EOHED”) issued final guidelines to the Commonwealth’s 175 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

Holland & Knight LLP

Florida's Live Local Act and Important Tax Exemption Deadlines

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Florida Senate Bill 102, commonly referred to as the Live Local Act (the Act), provides that certain developments will be eligible for a 75 percent or 100 percent ad valorem tax exemption (also known as the "Missing Middle"...more

King & Spalding

Multi-Family Living: the Cladding Issue

King & Spalding on

Following the tragedy of the Grenfell Tower fire in June 2017, the widespread use of dangerous, inappropriate cladding materials on multi-storey buildings was brought to the attention of the market and the regulators. In the...more

Cozen O'Connor

Brooklyn Development Roadmap 2023

Cozen O'Connor on

While the New York City real estate market has never been for the faint-hearted or undercapitalized, the combination of post-pandemic shifts in office demand and high interest rates has made this the most challenging era...more

Brownstein Hyatt Farber Schreck

Right of First Refusal Bill Could Chill Multifamily Development in Colorado

The state legislature is currently considering a bill that would give “local governments,”—including every city, town and county in Colorado—a right of first refusal to buy any qualifying multifamily property before it is...more

Allen Matkins

What California CRE Market Sectors Should Anticipate in 2023 and Beyond

Allen Matkins on

The Winter 2023 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey revealed some interesting trends in California CRE markets. Most notably, some of the optimism expressed in recent surveys has...more

Sheppard Mullin Richter & Hampton LLP

Multifamily Building Owners: Are you Prepared to Meet Balcony Inspection Requirements by the January 1, 2025 Deadline?

In response to the tragic balcony collapse that killed seven students in Berkeley in 2015, Governor Jerry Brown approved Senate Bill No. 721 on September 17, 2018. The bill, commonly referred to as the “Balcony Inspection...more

Snell & Wilmer

Real Estate Development Basics: Focus on Northern Nevada

Snell & Wilmer on

Attention to land use and zoning matters should be considered early in the real estate development process. Projects may require relief in the form of a master plan amendment, rezoning, special or conditional use permit,...more

Perkins Coie

Washington Legislature Considers Land Use Law Changes To Facilitate Affordable Housing Development

Perkins Coie on

The Washington State Legislature kicked off its 2023 Legislative Session on Monday, January 9, 2023. A big focus this year is on affordable housing initiatives. This Update summarizes five significant affordable housing bills...more

Bowditch & Dewey

Critical Deadline for Action Plans Approaches for Certain MBTA Communities

Bowditch & Dewey on

On October 21, 2022, the Commonwealth of Massachusetts Executive Office of Housing and Economic Development (“EOHED”) issued final guidelines to the Commonwealth’s 175 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

Meyers Nave

Two New Laws Authorize Multifamily Residential on Commercial Property

Meyers Nave on

Earlier this year, Governor Newsom signed Assembly Bill (AB) 2011 (Wicks) and Senate Bill (SB) 6 (Caballero) into law to increase housing production in the state by allowing residential construction on commercially-zoned...more

Bowditch & Dewey

EOHED Issues Updated Guidance for Multi-Family Zoning in MBTA Communities

Bowditch & Dewey on

On October 21, 2022, the Commonwealth of Massachusetts Executive Office of Housing and Economic Development (“EOHED”) updated final guidelines to the Commonwealth’s 175 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

Perkins Coie

California Allows Housing on Commercial Lands, Limits Required Parking

Perkins Coie on

In what has become a near-annual ritual, California Governor Gavin Newsom has signed into law a large package of bills aimed at addressing the state’s glaring housing shortage. This Update summarizes two key bills in this...more

Bowditch & Dewey

New Massachusetts Rules for Multi-Family Zoning in MBTA Communities

Bowditch & Dewey on

On August 10, 2022, the Commonwealth of Massachusetts Executive Office of Housing and Economic Development (“EOHED”) issued final guidelines to the Commonwealth’s 175 MBTA communities for compliance with M.G.L. c. 40A, § 3A...more

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