News & Analysis as of

Affordable Housing

New York's 421-a Tax Exemption for New Residential Buildings is Back

by Holland & Knight LLP on

The New York State Legislature has passed and Gov. Andrew Cuomo has signed legislation re-establishing the 421-a Tax Exemption Program after a nearly two-year hiatus. The program, which was first put in place in the early...more

New 421-a Legislation

The recently adopted state budget bill included the long-awaited revisions to the 421-a program. These amendments to the Real Property Law, dubbed the “Affordable New York Housing Program,” provide partial exemptions from...more

Secretary Ben Carson Kicks Off Public Housing P3

This week, Miami-Dade County hosted Dr. Ben Carson, the Secretary of the United States Department of Housing and Urban Development, at the Liberty Square public-housing development, one of the oldest in the nation. The...more

Financial Services Weekly News - April 2017 #2

by Goodwin on

Editor's Note - Removal for Cause or Business as Usual? On April 5, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray testified before the House Financial Services Committee to give his semi-annual...more

News From the Vermont Statehouse - An Analysis from DRM’s Government & Public Affairs Team - April 2017

by Downs Rachlin Martin PLLC on

Trial Bar Proposes Anti-Ride-Sharing Amendments to Insurance Bill - The Senate Judiciary Committee considered amendments this week proposed by the Vermont Trial Lawyers Association that would likely force Uber out of...more

McClain Weighs in on Potential Effect of Trump Budget Cuts on Affordable Housing

by Ballard Spahr LLP on

In an interview with U.S. News and World Reports on “The Future of Affordable Housing in the Trump Era,” Amy McClain, who leads Ballard Spahr’s government-assisted housing practice (and is a frequent Housing Plus blogger),...more

Housebuilding and planning news round-up, Spring 2017

by Dentons on

In the midst of a housing crisis, it is no surprise that housebuilding initiatives continue to dominate the UK headlines. The government's recent housing White Paper, with its array of proposals ranging from simplifying the...more

Baltimore’s Homeless Youth: The Cost of Eliminating the Low-Income Housing Tax Credit Market

by Miles & Stockbridge P.C. on

The Low-Income Housing Tax Credit (“LIHTC”) is one of the most important resources for creating affordable housing in the United States today. Created by the Tax Reform Act of 1986, the LIHTC program gives State and local...more

Appellate Group News: 2016 Year In Review

by Murtha Cullina on

The Appellate Practice Group of Murtha Cullina is regularly trusted to handle appeals by trial counsel within and outside the firm, as well as individuals and institutional clients. We are grateful for these opportunities and...more

Key Takeaways from the 2017 HUD Breakfast Briefing at Arnall Golden Gregory

Arnall Golden Gregory partners Jeffrey C. Adams and Althea J.K. Broughton hosted the AGG breakfast briefing "HUD Multifamily Programs: Southeast Region Multifamily Update," held on March 9 at the firm. The featured...more

Tax Reform – Proposed Legislation Protecting Affordable Housing

by Ballard Spahr LLP on

After legislation to repeal the Affordable Care Act was pulled from the House floor last Friday, news headlines across the country began reporting that tax reform is next on the Trump Administration’s agenda. As noted in our...more

New Cert Petition Asks SCOTUS if Legislatively Mandated Permit Conditions are Subject to Heightened Scrutiny

by Miller Starr Regalia on

Last September we wrote about 616 Croft Ave., LLC v. City of West Hollywood, an opinion from the Court of Appeal for the Second Appellate District upholding a nearly $555,000 in-lieu fee on an 11-unit residential infill...more

HUD Inspector General Issues Alert on Appraiser Identity Theft

by Ballard Spahr LLP on

The Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development has issued an alert on appraiser identity theft. The alert details cases in three states where identity thieves illegally used...more

Wading Through the Flood of New Housing Legislation

Having trouble keeping up with the seemingly endless torrent of new housing laws? You are not alone. Here is our summary of the key pending State and San Francisco legislation aimed at increasing housing/affordable housing...more

Wiener’s Streamlined Infill Housing Approvals Legislation Continues to Move Forward

We reported in December that State Senator Scott Wiener marked his first day in state office by introducing legislation (SB 35) to address barriers to housing production. Senator Wiener has introduced amendments to SB 35 that...more

Affordable Housing Bonus Program Takes Shape in San Francisco

The State Density Bonus law has been in effect for almost 40 years, but it has required a prolonged housing crisis to push San Francisco to adopt a local implementing ordinance. Last year the Board of Supervisors adopted the...more

Ballard Spahr and CSG Advisors Host Another Informative Western Housing Conference

by Ballard Spahr LLP on

Last week, Ballard Spahr in conjunction with CSG Advisors hosted its 7th Annual Western Housing Conference in Phoenix, Arizona. The Conference brought together a wide range of public and private housing professionals...more

Ting Legislation Seeks to Pave the Way for Fees on Density Bonus Units

Assembly member Phil Ting (D – San Francisco) introduced new amendments to the State Density Bonus law on March 15, 2017 that would specifically require local jurisdictions to impose their local inclusionary housing...more

Administration’s OMB budget blueprint proposes 13% cut and elimination of many HUD programs

by Ballard Spahr LLP on

The Office of Management and Budget (“OMB”) released the Trump administration’s budget blueprint today, providing a general overview of the budget request it intends to present to Congress later this Spring. As outlined, the...more

RAD closing deadlines for CY 2017

by Ballard Spahr LLP on

HUD’s Office of Recapitalization recently released a memo to all CHAP awardees setting forth closing deadlines for CY 2017 RAD transactions. Awardees should be especially  mindful of these intermediate...more

Regulatory comments due in March & other housing news updates

by Ballard Spahr LLP on

Comments on the following HUD and housing related guidance are due this month. HOTMA implementation for Section 8 Voucher Programs – Due March 20, 2017 - On January 18, 2017, HUD issued a proposed rule to implement...more

Competing Inclusionary Housing Proposals Introduced at the Board of Supervisors

Is the City another step closer to sorting out inclusionary housing requirements and implementation of Proposition C? Board of Supervisors members have introduced two competing ordinances that seek to call the question...more

Mandatory inclusionary zoning in Ontario: But what does it change?

by Dentons on

In June 2016, we provided an overview of the Province’s proposed inclusionary zoning legislation titled "Will Ontario green light mandatory inclusionary zoning?" ...more

City of Los Angeles Proposes Linkage Fee Ordinance to Fund Affordable Housing

by Latham & Watkins LLP on

City Planning Commission recommends adopting new affordable housing linkage fee ordinance affecting new development, project budgets and property owners. A number of new fees, taxes and restrictions on development have...more

Real News - Winter 2016/2017

by DLA Piper on

Welcome to the winter 2016/2017 edition of Real News, DLA Piper’s quarterly real estate publication. This edition is a quick review of 2016 and a look forward to what 2017 may bring into the real estate world. I look...more

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