As summer 2024 winds down, the implementation of new rent control laws has attracted much attention. Providing some respite from the summer’s rent control heat is a recent win for the multifamily industry coming from the...more
8/26/2024
/ Centers for Disease Control and Prevention (CDC) ,
Landlords ,
Multi-Family Housing ,
Property Owners ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
SCOTUS ,
Tenant Opportunity to Purchase (TOPA) ,
Tenants
Rent control continues to be headline news, with local legislation being enacted and national legislation being proposed. The rent control law in Prince George’s County was enacted yesterday and it appears that the rent...more
7/18/2024
/ Housing Market ,
Landlords ,
Local Ordinance ,
Multi-Family Development ,
New Regulations ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Right of First Refusal ,
State and Local Government ,
Tenants
Rent control laws continue to evolve in Montgomery and Prince George’s Counties. The rent control law enacted last year in Montgomery County will become effective once regulations are adopted. Our recent Alert discussed these...more
7/16/2024
/ Deed of Trust ,
Housing Market ,
Landlords ,
Leases ,
Proposed Regulation ,
Regulatory Agenda ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tenants
On Friday, June 14, 2024, the Montgomery County Department of Housing and Community Affairs (DHCA) delivered proposed regulations to the Montgomery County Council (Council) for review and consideration. The proposed...more
Our prior Alert discussed the Prince George’s County temporary extension of rent control, Montgomery County rent control updates and the much-anticipated rent control regulations, rental license fee increases, new housing...more
We continue to track important legislative and regulatory proposals and changes in the region. Our most recent prior Alert discussed rent control efforts in Maryland, changes to the Low Income Housing Tax Credit program,...more
There have been a number of new regulatory developments since our prior Alert, including updates on Prince George’s County rent control, Montgomery County tenant protections, Montgomery County Right of First Refusal (ROFR)...more
4/8/2024
/ Construction Industry ,
Housing Market ,
Landlords ,
LIHTC ,
Multi-Family Development ,
Real Estate Development ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tax Abatement ,
Tenants
Our recent Alert focused on the D.C. Housing in Downtown program, the Montgomery County Right of First Refusal legislation, rent control in Montgomery and Prince George’s Counties, the SCOTUS rent control challenge denial,...more
3/13/2024
/ BEPS ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Right of First Refusal ,
State and Local Government ,
Tenants
Our recent Alert included details and updates on new Montgomery County rent control regulations, an expanded right of first refusal (ROFR) process, and our related advocacy efforts....more
2/23/2024
/ Housing Market ,
Landlords ,
Multi-Family Development ,
Proposed Regulation ,
Regulatory Agenda ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
SCOTUS ,
State and Local Government ,
Tax Abatement ,
Tenants
As noted in our prior Alert, the Montgomery County Department of Housing and Community Affairs (DHCA) published draft regulations on February 1 to implement the County’s new rent control law. By its terms, the rent control...more
If you have been following our recent Alerts, you are aware that the multifamily industry has been subject to a series of chilling legislative actions and proposals. Today’s Alert focuses on two very recent high-profile...more
Regulation of the multifamily industry appears to be continuing. Our most recent Alert discussed Maryland Governor Moore’s proposals for the Renters Rights and Housing Stabilization Act of 2024; rent control updates; our Rent...more
2/5/2024
/ Landlords ,
LIHTC ,
Low Income Housing ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
State and Local Government ,
Tenant Opportunity to Purchase (TOPA) ,
Tenants
Happy Holidays to all. We are still hopeful that Santa brings everyone some relief from rent control and other multifamily restrictions (we heard that the new BEPS Regulations preclude Santa from leaving coal for legislators...more
1/3/2024
/ Comment Period ,
Condominiums ,
Federal Trade Commission (FTC) ,
Fees ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rent Stabilization Codes ,
Rental Property ,
Right of First Refusal ,
Tenants
This two-part podcast repurposes our most recent webinar on the latest salvo of actions in the Biden Administration’s initiative directed at combatting so-called “junk fees.” Launched in January 2022, the initiative shows no...more
Our most recent Alert included details and updates on rent control, proposed FTC regulation of rental housing junk fees, security camera mandates, and new ROFR proposals. Here is a link to the November 15 Alert. Below are...more
12/11/2023
/ Algorithms ,
Antitrust Litigation ,
Antitrust Provisions ,
Federal Trade Commission (FTC) ,
Landlords ,
Multi-Family Development ,
Price-Fixing ,
Rent ,
Rent Control ,
Rent Stabilization Codes ,
Rental Property ,
Right of First Refusal ,
Tenants
This two-part podcast repurposes our most recent webinar on the latest salvo of actions in the Biden Administration’s initiative directed at combatting so-called “junk fees.” Launched in January 2022, the initiative shows no...more
Our most recent Client Alert provided updates on our Rent Control Coalition, the new Howard County and Montgomery County ROFR and Rent Control legislation, new FTC Junk Fee proposals, and several other important matters...more
11/16/2023
/ Federal Trade Commission (FTC) ,
Fees ,
Financial Services Committee ,
Landlords ,
Multi-Family Development ,
Proposed Rules ,
Regulatory Agenda ,
Rent ,
Rent Control ,
Rental Property ,
Right of First Refusal ,
Tenants
As a follow-up to our recent alert, here are some updates on regional and national legislative activity impacting real estate...more
11/13/2023
/ BEPS ,
Consumer Price Index ,
Housing Market ,
Landlords ,
LIHTC ,
Low Income Housing ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Right of First Refusal ,
State and Local Government ,
Tax Credits ,
Tenants
As a follow-up to our prior alert, here are some updates on legislative activities in the region...more
County Council President Evan Glass introduced Expedited Bill 38-23 to modify the Montgomery County, Maryland (County) right of first refusal (ROFR) law to permit the County to assign its ROFR rights to a “qualified entity.”...more
As a follow-up to our recent alert, here are some updates on rent control and other activities in the region impacting multifamily properties...more
Our prior Alerts discussed two very different legislative rent control proposals in Montgomery County, Maryland. The goal of one proposal was to prevent rent gouging in a manner that would not discourage investment in new and...more
Below is an update to our recent Multifamily Alerts. The July 18 Montgomery County work session may be of critical importance....more
7/10/2023
/ Critical Infrastructure Sectors ,
Economic Development ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Recordation Taxes ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Tenants
As noted in our prior alert, two different rent control bills are pending in Montgomery County, MD. The HOME Act (16-23) would limit rent increases to the lesser of 3% or the Voluntary Rent Guidelines published annually by...more
As a follow-up to our prior alert, we wanted to provide an update to legislative activities in the region:
New Prince George’s County Updated Rent Control FAQs. We continue to receive many questions regarding the...more