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New Legislation Housing Developers Tax Exemptions

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

BakerHostetler

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

BakerHostetler on

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

Butler Snow LLP

Major Reforms to Chapter 394: HB 21 Brings Sweeping Changes to Housing Finance Corporations in Texas

Butler Snow LLP on

During the 89th Texas Legislative Session, Representative Gary Gates authored and passed House Bill 21, a comprehensive reform of Chapter 394 of the Texas Local Government Code. This legislation, which became effective on May...more

Hogan Lovells

Politics of housing: The Florida Live Local Act

Hogan Lovells on

Florida’s legislature enacted the Live Local Act (as amended, the “Act”) to encourage the construction of affordable housing across Florida, providing opportunities for residents to live within the communities in which they...more

Bilzin Sumberg

Florida Live Local Act 2024 (SB328) Signed Into Law: Executive Summary and Application Examples

Bilzin Sumberg on

Florida Governor DeSantis just signed into law Senate Bill 328 (“SB328”), the enhancement to last year’s Live Local Act (“LLA” or “SB102”). The amendments made to the Live Local Act by SB328 are significant in both benefits...more

Shutts & Bowen LLP

Florida Senate and House Approve Amendment to Live Local Act

Shutts & Bowen LLP on

In 2023, the State of Florida adopted the Live Local Act (the “Act”), which seeks to incentivize the development of affordable housing by the private sector primarily by preempting local zoning laws and providing tax...more

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