News & Analysis as of

Nonprofits Affordable Housing

Pierce Atwood LLP

Maine Revamps New Markets Tax Credits and Historic Tax Credits

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Recently, Maine Governor Janet Mills signed legislation renewing and expanding Maine’s New Markets Capital Investment Program and Historic Tax Credit Program. These changes should be welcomed by businesses, nonprofits, and...more

Proskauer - Proskauer For Good

Transforming Lives in LA County

Our long-standing, non-profit partner, The People Concern, is one of Los Angeles County’s largest social services agencies, providing a wide array of wrap around services for those with nowhere else to turn, including mental...more

Holland & Knight LLP

New York Enacts Affordable Housing Retention Act

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New York Gov. Kathy Hochul recently signed into law the Affordable Housing Retention Act (AHRA), which for the next four years enables condo conversions of specific buildings in New York City with a presale requirement for...more

Woodruff Sawyer

Insurance for Non-Profits: The Crisis Within the Low-Income Housing Crisis

Woodruff Sawyer on

Homelessness in the United States has reached a critical point. A significant contributor? The lack of affordable housing. No state has an adequate supply of affordable rental housing for the lowest-income renters, as...more

Ballard Spahr LLP

Colorado Ramps Up Workforce Housing Push Amid ‘Acute’ Shortage Also Seen Nationally

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Colorado is addressing a dearth of middle-income housing on multiple fronts, while other states are also realizing and responding to the need for more affordable housing for workforce families and individuals....more

Cozen O'Connor

Cozen Cities - December 18, 2024

Cozen O'Connor on

Baltimore nonprofit Waves received a $2 million grant from Baltimore’s Office of Information and Technology to deploy fiber-optic networks in low-income residential buildings, aiming to bridge the city’s digital divide...more

Cozen O'Connor

New York Note: New Charter Revision Commission, Comptroller Race Update, E-Bike Council Hearing, Closing Migrant Shelters, Client...

Cozen O'Connor on

The Adams administration has officially announced the formation of a 14-member commission to rewrite the City Charter in 2025, continuing its focus on expanding housing opportunities. This commission aims to propose...more

Bricker Graydon LLP

Land Banks & Community Land Trusts Creating “Permanently” Affordable Housing

Bricker Graydon LLP on

Land banks and community land trusts (CLTs) are non-profit corporations each formed under Ohio law. They share similar missions to unlock the potential of vacant, abandoned, and/or tax-delinquent (VAD) properties....more

Cozen O'Connor

New York Note – Nonprofits, City Legislation, Rent Guidelines Board

Cozen O'Connor on

Mayor Adams has appointed a new Executive Director of the Mayor’s Office of Nonprofit Services, Johnny Celestin. Celestin most recently served as Deputy Director for the Mayor’s Office of Minority- and Women-Owned Business...more

Cozen O'Connor

Broad Street Brief: City Leaders Push Harrisburg on School Funding Reform

Cozen O'Connor on

City Council Passes FY25 Budget, Nonprofit Contracting Bill- During its last regular meeting before summer recess, City Council unanimously passed the FY25 City Budget. Council also approved a bill requiring competitive...more

Venable LLP

"Yes in God's Back Yard" Legislation Is the Next Tool to Battle the Housing Crisis

Venable LLP on

On October 11, 2023, Governor Newsom signed SB 4, the Affordable Housing on Faith Lands Act (also known as "Yes in God's Back Yard" (YIGBY)), which promises to be one of the momentous housing bills of 2023. Sponsored by...more

Allen Matkins

Sustainable Development and Land Use Update - 2.02.23 - #1

Allen Matkins on

In response to rent payments soaring across the country in recent years, the Biden administration unveiled new actions last Wednesday to protect tenants, make renting more affordable, and improve fairness in the rental...more

Goodwin

LA Measure ULA: A New Real Estate Transfer Tax on Residential and Commercial Properties Over $5 Million

Goodwin on

Measure ULA, also known as the “Homelessness and Housing Solutions Tax,” was a ballot measure in Los Angeles which was recently approved by voters in the 2022 Los Angeles County Midterm Elections. Measure ULA will impose a...more

Holland & Knight LLP

Sixth Circuit Gives Statutory Context to Affordable Housing ROFRs

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The federal low income housing tax credit (LIHTC) program, 26 U.S.C. § 42, is the largest driver of affordable housing in the country. In an effort to keep LIHTC projects affordable as long as possible, Congress created a...more

Holland & Knight LLP

California's 2022 Housing Laws: What You Need to Know

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As in previous years, the California Legislature passed a large volume of laws related to housing in the 2021 legislative session. (See Holland & Knight's previous annual recaps of California Housing Laws in the final section...more

Stoel Rives LLP

Washington Department of Revenue Issues Special Notice Interpreting SHB 2384 on Property Tax Exemption for Affordable Housing

Stoel Rives LLP on

In our previous legal alert here, we discussed the changes that SHB 2384 made to the property tax exemption for nonprofit family housing under RCW 84.36.560. On June 11, 2020, the Washington Department of Revenue (the...more

WilmerHale

A Constitutional Analysis of the Affordable Housing Credit Improvement Act of 2019

WilmerHale on

This article considers the constitutionality of certain provisions of proposed legislation, the Affordable Housing Credit Improvement Act of 2019. One provision of the bill - apparently offered in legislative response to a...more

Coblentz Patch Duffy & Bass

COPA Update: Compliance Not Required Until September 3, 2019

San Francisco’s Community Opportunity to Purchase Act (COPA) became effective earlier this month but the Mayor’s Office of Housing and Community Development (MOHCD) has clarified that sellers of multi-family residential...more

Perkins Coie

All San Francisco Multi-Family Buildings and Sites Subject to New Sales Regulations

Perkins Coie on

Effective June 2, 2019, San Francisco has enacted the “Community Opportunity to Purchase Act” or COPA (codified as San Francisco Administrative Code, Section 41.B.1 through Section 41.B.14). Recognizing the housing crisis...more

Coblentz Patch Duffy & Bass

Sellers Beware? San Francisco Adopts Community Opportunity to Purchase Act for Multifamily Properties

Owners of multifamily residential properties in San Francisco will soon have to extend purchase offers to certain nonprofit organizations, before making or soliciting offers to sell those properties to anyone else—and will...more

Coblentz Patch Duffy & Bass

San Francisco’s Next Big Move in Maintaining Housing Affordability: Nonprofits’ First Right to Purchase Multi-Family Rental...

Pending legislation introduced by San Francisco Supervisor Fewer would amend the City’s laws to give certain qualified non-profit organizations certified by the City (“Qualified Nonprofits”) the first right to purchase...more

Proskauer - Proskauer For Good

A Win for Homeless Families

According to a compelling report issued by the non-profit organization Win, every night in New York City over 23,000 children go to bed in a homeless shelter. It is estimated that one in 10 students in New York City public...more

Pillsbury Winthrop Shaw Pittman LLP

The Impact of the Tax Cuts and Jobs Act on LIHTC Investments

The Tax Cuts and Jobs Act contains changes impacting the LIHTC Program. While the low-income housing tax credit program emerged largely unscathed, the reduction in corporate tax rates will reduce equity pricing. ...more

Carlton Fields

2015 Florida Legislative Post-Session Report

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Carlton Fields Jorden Burt’s Government Law and Consulting Practice Group released its 2015 Florida Legislative Post-Session Report detailing significant bills that passed during the 2015 Regular Session of the Florida...more

Ballard Spahr LLP

New York AG Takes Proactive Approach to Regulation of Nonprofits

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Signaling increased oversight of nonprofit organizations, the New York Attorney General’s Office recently began to scrutinize the management and operation of New York nonprofits in an effort to head off potential crises...more

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