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Real Estate Transactions › State and Local Government › Affordable Housing

Ballard Spahr LLP

Case Study: Fulcrum Communities Pilot Project – Parker, Colorado

Ballard Spahr LLP on

As part of Colorado’s broader efforts to close the middle-income housing gap, Fulcrum Communities, a Colorado nonprofit, launched a pilot project using an innovative financing model to deliver workforce housing more quickly...more

Saul Ewing LLP

Philadelphia Increases Realty Transfer Tax Rate to 3.578% Starting July 1, 2025

Saul Ewing LLP on

Effective July 1, 2025, the realty transfer tax rate for properties or acquired real estate companies sold in the City and County of Philadelphia will increase to 3.578%, in addition to the Commonwealth of Pennsylvania realty...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

Vorys, Sater, Seymour and Pease LLP

The Evaluator - Winter 2025: Nationwide Valuation Headlines

Vorys, Sater, Seymour and Pease LLP on

Filmore Parc Apartments II v. Norman White, et al., Case No. 2024-CA-0475 (La. App. 4 Cir. 2/14/2025). Last month, a Louisiana appellate court determined that an apartment complex’s affordable housing units were not eligible...more

Hahn Loeser & Parks LLP

Chicago’s Tenant Opportunity to Purchase Ordinance Takes Effect on Northwest Side

Hahn Loeser & Parks LLP on

The city of Chicago’s recently established Tenant Opportunity to Purchase (“TOP”) program for rental buildings on the city’s northwest side is now being enforced as of March 1, 2025, by the Department of Housing. The program...more

Ballard Spahr LLP

Howard County, MD, Expands ROFR Requirements for Multifamily Sales

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The Howard County, Maryland, Council passed Bill 13-2020—the Affordable Housing Retention Act—last week. This legislation provides the County and the Howard County Housing Commission with the right to purchase rental housing...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

Coblentz Patch Duffy & Bass on

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

Farella Braun + Martel LLP

California Legislature Responds to the State’s Housing Crisis With Increased Funding, Streamlining, and Enforcement

Farella Braun + Martel LLP on

On the final day of the legislative session, California’s legislature approved 15 separate housing bills, taking a big step toward addressing California’s ongoing housing crisis. The collection of bills comes after months of...more

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