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Urban Planning & Development Real Estate Development Tax Credits

Holland & Knight LLP

México impulsa la economía circular con reformas legales y polos de desarrollo

Holland & Knight LLP on

En un movimiento estratégico para impulsar un modelo económico más sostenible, el gobierno de la administración de Claudia Sheinbaum ha puesto en marcha un ambicioso plan para impulsar la economía circular en las nuevas áreas...more

Vorys, Sater, Seymour and Pease LLP

Material Changes Transform the Ohio TMUD Tax Credit

The new Ohio budget signed June 30, 2025 (the Budget Bill or HB 96) enacts substantial changes to Ohio Revised Code Section 122.09, the Transformational Mixed-Use Development Tax Credit (TMUD Tax Credit). The TMUD Tax...more

Goulston & Storrs PC

Boosting Boston’s Housing: City & State Partner to Overcome Market Challenges

Goulston & Storrs PC on

According to recent news coverage, about 30,000 housing units proposed for Boston are approved by the Boston Planning Department (BPD) yet unable to break ground due to market conditions. In response, the Wu administration,...more

Pullman & Comley - For What It May Be Worth

Public Hearing Today on Connecticut Bills to Spur Residential Development on Commercial Sites

Today, March 4, 2025, the Connecticut General Assembly's Housing Committee will hold a public hearing on two bills designed to incentivize the development of housing on the sites of commercial and retail properties....more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/24)

Cozen O'Connor on

Pritzker proposes $500M to turn state properties into development-ready sites - “A $500 million proposal by Gov. JB Pritzker to turn state-owned properties into shovel-ready real estate projects is part of a proposed $55.2...more

Ballard Spahr LLP

Seattle Passes Bill to Incentivize “Office-to-Residential” Conversions

Ballard Spahr LLP on

The Seattle City Council passed Council Bill 120937 on February 11, 2025, aimed to encourage developers and commercial property owners to convert underutilized commercial properties into residential housing. Set to take...more

Parker Poe Adams & Bernstein LLP

South Carolina Department of Revenue Issues Taxpayer-Friendly Ruling Updating Guidance on Textile Tax Credits

Last week, the South Carolina Department of Revenue issued what’s widely viewed as a taxpayer-friendly ruling that updates its guidance on the state’s popular textile tax credit program. The ruling offers clarity for...more

Offit Kurman

Will 2025 Bring Greater Equity Investment and Debt Financing in NJ? NJ Aspire 3.0 aspires to do just that.

Offit Kurman on

On January 23, 2025, Governor Phil Murphy enacted significant amendments to the New Jersey Aspire Program by signing Senate Bill 1323/Assembly Bill 2076 into law. The amendments, collectively referred to as “NJ Aspire 3.0”...more

Hogan Lovells

U.S.: Post City of Yes - What to Expect in 2025

Hogan Lovells on

With landmark housing policy changes and tax incentives for developers in 2024, we forecast a positive outlook for investment in New York City real estate in 2025. NYC Development 2025: The beginning of the next boom?...more

Harris Beach Murtha PLLC

Proposal to Remove Bond Cap Could Aid Affordable Housing Developers

Harris Beach Murtha PLLC on

The U.S. Congress is currently considering the “Accelerated Supply of Affordable Production [ASAP] Housing Act” (the “Act”), legislation to address the nationwide affordable housing shortage and surrounding real estate...more

Seyfarth Shaw LLP

House Representatives Introduce Bipartisan Bill to Facilitate Residential Conversions of Buildings

Seyfarth Shaw LLP on

On July 12, 2024, a bipartisan bill was introduced in the U.S. House of Representatives titled the “Revitalizing Downtowns and Main Streets Act” (H.R. 9002) (the “Bill”), which, if enacted, will provide an investment tax...more

Burr & Forman

South Carolina Extends and Increases the State Abandoned Buildings Revitalization Tax Credit

Burr & Forman on

On May 20, 2024, South Carolina Governor Henry McMaster signed into law S.1021, a new law that extends and increases tax credits available to taxpayers who rehabilitate or renovate an existing, abandoned building. The new law...more

Polsinelli

Alabama To Offer State Tax Credit for Federal 4% LIHTC Projects

Polsinelli on

As affordable housing has continued to be a topic of concern across the United States, states are evaluating ways to spur and support affordable housing development. In response to affordable housing needs, Alabama became the...more

Polsinelli

Colorado General Assembly Passes Trendsetter Affordable Housing Initiatives

Polsinelli on

Colorado’s General Assembly passed two bills this legislative session dedicated to improving the state of affordable housing in Colorado. HB24-1316 and HB24-1434 aim to supplement the State’s oversubscribed affordable housing...more

Akerman LLP

Maximizing Tax Credits by Installing Solar at LIHTC Projects

Akerman LLP on

The increased interest in installing solar at affordable housing projects is not surprising given that the IRC Section 48 energy investment tax credit (ITC) could subsidize as much as 70 percent of the cost and the Inflation...more

Jones Day

New French Incentives for Green Buildings and Green Industry

Jones Day on

As part of the 2022 French Climate & Resilience Law, the French legislature decided to strengthen the greening and solarization requirements on certain buildings and parking lots. These obligations came into force on January...more

Bilzin Sumberg

Live Local Act 2024 vs 2023 - Everything You Need to Know

Bilzin Sumberg on

Yesterday, the Florida Senate on the opening day of legislative session unanimously passed by a vote of 40 to 0, Senate Bill 328 also known as the “Live Local Act 2024”. SB328 is in response to a mix of reactions to the...more

Goulston & Storrs PC

Reimbursement for Remediation: Massachusetts Brownfields Tax Credits Program Extended

Goulston & Storrs PC on

Today Governor Maura Healy signed legislation extending the eligibility deadlines for the Massachusetts Brownfields tax credits program by five years. The legislation had been included in the budget bill, which had recently...more

Polsinelli

Texas Offers State Low-Income Housing Tax Credits

Polsinelli on

Texas Governor Greg Abbott (R) recently signed Texas House Bill (H.B.) 1058, making Texas at least the 28th state, plus the District of Columbia, to offer state low-income housing tax credits to bridge the growing affordable...more

Polsinelli

Rhode Island State LIHTC: Another Step Towards Affordable Housing

Polsinelli on

Rhode Island joins 26 other states in offering state low-income housing tax credits to bridge the growing affordable housing gap in the United States. Rhode Island Governor Daniel McKee recently signed the FY24 RI Ready...more

Allen Matkins

Sustainable Development and Land Use Update - July 2022 #3

Allen Matkins on

State Supreme Court decision could complicate CEQA review of certain housing projects - San Francisco Chronicle – July 14 - The state Supreme Court has left intact a ruling by the First District Court of Appeal that rejected...more

Farrell Fritz, P.C.

10 More Years – New York’s Brownfield Cleanup Program Extended

Farrell Fritz, P.C. on

When New York Governor Kathy Hochul executed the 2022-2023 State Budget, it included a 10-year extension to the State’s Brownfield Cleanup Program (“BCP” or “Program).  The State’s voluntary, incentive-laced, BCP was set to...more

Lasher Holzapfel Sperry & Ebberson PLLC

Revitalizing Downtowns Act and Other Efforts to Resuscitate Downtown Areas in the Post-COVID Era

The Revitalizing Downtowns Act was introduced in Congress this summer with the goal of converting unused or outdated office buildings into residential or mixed-use spaces. The goal of this legislation is to amend the tax code...more

Pillsbury - Gravel2Gavel Construction & Real...

Proposed Bill Provides a New Federal Tax Credit for the Conversion of Office Buildings

At the end of July 2021, a bill was introduced in the House and Senate, which, if enacted, would create a federal tax credit to fund the conversion of unused office buildings into residential, commercial, or mixed-use...more

Goulston & Storrs PC

New Massachusetts Brownfields Tax Credits Regulations Just Released

Goulston & Storrs PC on

The Massachusetts Department of Revenue (DOR) issued final regulations effective July 9, 2021 (the Regulations) that are intended to aid in the implementation of the Massachusetts Brownfields Tax Credits program, which was...more

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