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Key Takeaways - - AB 130 and SB 131 were recently passed by the California Legislature and signed by Governor Gavin Newsom, enacting the most significant reforms to CEQA in recent years. - AB 130 establishes a new statutory...more
On June 30, 2025, Governor Newsom signed two budget trailer bills into law: Assembly Bill 130 and Senate Bill 131, which reform the California Environmental Quality Act (CEQA) effective immediately. As explained by the...more
In the wake of the 2021 Surfside condominium collapse, Florida enacted sweeping changes that affect condominium governance, structural maintenance requirements, and reserve funding obligations. These changes have not only...more
Our firm is tracking a myriad of other pending state housing laws, most of which were proposed as part of the “Fast Track Housing” package. Those bills are briefly summarized below. The following summaries reflect the status...more
Various state housing bills are currently making their way through the California State Legislature that are expected to benefit mixed-income multifamily housing developers. The following summaries reflect the status of the...more
In 1972, the average home price in the United States was approximately $30,000. Fifty years later, that number broke $500,000, an increase that is, no doubt, aggravated by a 4.5 million-unit deficit in supply. State and local...more
The California Legislature has continued to refine the Density Bonus Law over the years, making important updates to housing laws that impact developers across the state. Recent legislative changes include key updates on...more
On Thursday, Sept. 19, Gov. Newsom signed a package of housing bills designed to address the housing crisis affecting California. Below is a brief summary of key bills....more
Legislature Gives Local Governments Right of First Refusal on Affordable Housing and Right of First Offer on Certain Market Rate Multifamily Properties - On the final day of the legislative session, the state legislature...more
On April 23, 2024, the New York State Legislature passed a number of significant measures intended to increase housing production, particularly in New York City. The new measures, which are discussed below, include a new tax...more
The 2023 legislative cycle saw another mixed-bag of legislation dealing with CEQA “reform,” with a particular focus on streamlining affordable housing development. While many bills died during the process, a few key laws were...more
The California Legislature’s laser focus on addressing the state housing crisis did not subside during the 2023 legislative session. While legislators proposed over 150 housing bills, only a fraction of those bills were...more
The Colorado state legislature recently approved a bill that would prohibit “governmental entities” from enforcing existing or enacting new local anti-growth laws that would limit housing supply, development applications or...more
Though the pessimism that has come with the recession has hit each of the multi-family markets in California equally, the view that rental and occupancy rates will not be as good as they are at present has not affected the...more