News & Analysis as of

Tenant Opportunity to Purchase (TOPA) Affordable Housing

Ballard Spahr LLP

Multifamily August 2025 Alert

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We start our August Alert with some potentially very good news. The RENTAL Act, a bill to reform TOPA, passed its first vote by the DC Council on July 28, 2025. The RENTAL Act includes, among other things, a blanket exemption...more

Ballard Spahr LLP

Housing Industry Update 2025 - Mid-Year Report

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Across the United States, empty office buildings have become a common sight. According to Moody’s Analytics, office vacancies are at their highest since the 1990s. The COVID hangover has left us with an abundance of vacant or...more

Ballard Spahr LLP

District of Columbia TOPA Reform Alert

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When District of Columbia Council Chairman Phil Mendelson introduced the Rebalancing Expectations for Neighbors, Tenants and Landlords (RENTAL) Act, there were high hopes that much needed reform to the Tenant Opportunity to...more

Ballard Spahr LLP

Multifamily June 2025 Alert

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As spring begins to give way to summer, legislative activity shows no signs of cooling off. Our May TOPA Alert generated many questions and comments and a further update on the pending TOPA reform legislation is included...more

Ballard Spahr LLP

March 2025 Multifamily Alert, Including Important Legislative and Administrative Developments

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With very active legislative sessions in the DMV region, we're providing these updates on proposed legislation and several ongoing efforts impacting the multifamily industry. ...more

Ballard Spahr LLP

Mayor Bowser Proposes Important TOPA and ERAP Reforms

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Finally, some potential good news for multifamily property owners and developers in DC. It appears that the discussions on reforming the Tenant Opportunity to Purchase Act (TOPA), as well as the Emergency Rental Assistance...more

Seyfarth Shaw LLP

DC Proposes Tax Abatement to Incentivize Conversion to Housing Development

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The District of Columbia’s office market, particularly Class B and C properties, is facing a calamity of epic proportions with occupancy, revenues, and valuations plummeting. Like other municipalities facing similar office...more

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