Multi-Family Development

News & Analysis as of

Holland & Knight SCAG Update Report: CEQA Litigation Abuse Hurts Infill Housing

Following up on their 2015 report covering all CEQA lawsuits filed during the 2010-2012 period, Holland & Knight lawyers Jennifer Hernandez, David Friedman and Stephanie DeHerrera recently released a portion of the sequel –...more

Sellers of Certain Connecticut Real Estate Required to Attach Housing Disclosure Form To Purchase Agreements

On May 16, 2016, the Connecticut General Assembly enacted Public Act 16-16, which requires sellers of Connecticut real estate consisting of two or more units to attach to purchase agreements, options and leases which contain...more

Real Estate Market Intelligence: Multifamily Development Quarterly Report - Q2 2016

Key Findings - The multifamily asset sector saw nearly $35.4 billion of investment sales activity for the first-quarter of 2016. This figure represents an 8.6% increase compared to the first-quarter of 2015 and...more

Sustainable Development Update - July 2016 #2

Sustainable Development Focus - Money flows into batteries for buildings, power grid - Fortune - Jul 11 - Over the past half decade, the solar market has boomed thanks to falling solar panel prices. Now the...more

HUD Proposes Two New Rules on Broadband Infrastructure and Consolidated Planning

The Department of Housing and Urban Development has issued two Notices of Proposed Rulemaking to impose new and unfunded mandates on local governments related to the accessibility of broadband services in federally funded...more

Denver Proposes Mandatory Energy Benchmarking and Implementation of Efficiency Measures

The Energize Denver Task Force, a task force created in December 2015 by the City and County of Denver, recently recommended specific energy efficiency benchmarking measures for commercial and multifamily residential...more

June 2016 CEQA Update: Legislative Developments

As summer rapidly approaches, and we continue to experience a (from my perspective welcome) “mini-drought” of published CEQA cases, I’ll briefly report on some recent legislative developments of possible...more

Los aumentos de los costos están cambiando la construcción de apartamentos en el Sur de la Florida

En un panel de debate reciente, en el Foro de Finanzas de Miami, sobre el estado actual de los bienes raíces comerciales en el Sur de la Florida, los desarrolladores comerciales que formaban parte del panel dijeron que...more

HUD Proposes Requirement for Broadband Installation in HUD-Financed Multifamily Housing

Much has been written about the “digital divide” – the connectivity gap between demographics and regions that have access to the internet, and those that do not have access or have restricted access. Fewer than half of...more

HUD proposes Processing Guide for 2530/Previous Participation reviews; comments due June 16th

On May 17, 2016, HUD published a notice in the Federal Register to announce the issuance of the “Processing Guide for Previous Participation Reviews of Prospective Multifamily Housing and Healthcare Programs’...more

Housing Department Proposes Rules Requiring Installation of Broadband Infrastructure in HUD-Financed Housing

The Department of Housing and Urban Development (HUD) is proposing rules requiring the installation of broadband infrastructure during construction of HUD-financed multi-family rentals, or apartments, recognizing the...more

Governor Brown Proposes to Streamline Approval of Certain Local Housing Developments

On May 13, 2016, Brown administration released the administration’s “May Revision” budget, which contains a bold proposal in a trailer bill to address California’s long-standing and consequential housing affordability...more

FHFA Increases 2016 Multifamily Lending Caps

On May 4, 2016, the Federal Housing Finance Agency announced that it increased its 2016 multifamily lending caps for Fannie Mae and Freddie Mac from $31 billion to $35 billion.  The increase is based on growing estimates of...more

Financial Services Weekly News - May 2016 #2

Regulatory Developments - Client Alert: CFPB Proposes Rules Prohibiting Class-Action Waivers in Arbitration Agreements - On May 5, the CFPB issued long-expected proposed rules that will drastically limit the use of...more

Increased Costs Shifting South Florida Apartment Construction

At the Miami Finance Forum’s recent panel discussion regarding the current status of South Florida commercial real estate, panelist commercial developers stated they are responding to strong tenant demand across all sectors....more

Oakland Proposed Developer Fees Updated March 24, 2016

[UPDATE: On March 22, 2016, the Oakland City Council’s Community and Economic Development Committee voted 3-1 to forward the impact fee legislation, without substantive changes, to the full Oakland City Council. The Council...more

Oakland Proposed Developer Fees Update March 11, 2016

Important changes to Oakland’s proposed new development impact fees are scheduled to be reviewed by the Oakland City Council’s Community and Economic Development Committee on March 22. If approved, the full City Council is...more

Five Things Multifamily Developers Should Know About Chicago's Revised Affordable Requirements Ordinance

The calculus has shifted for multifamily developers in Chicago who need zoning changes to accomplish development projects. Recent amendments to Chicago’s Affordable Requirements Ordinance (ARO) — Chicago Municipal Code...more

Oakland Proposed Developer Fees Summary

Unlike most large Bay Area cities, Oakland has not charged development impact fees to pay for affordable housing, but that is likely to change soon. The ramifications of a proposal to impose fees on new residential and...more

Colorado Springs Joins Other Colorado Municipalities in Addressing Construction Defect Reformation

On December 8, 2015, the Colorado Springs City Council unanimously (9-0) voted to approve an Ordinance that reforms construction defects litigation for common interest communities. In a municipality that rarely has unanimous...more

Restrictions on Condominium Conversions

Now that the recession is beginning to become a memory of the past, the demand for housing is on the rise, and with it is the explosive interest in the multifamily market. As more Americans are choosing to marry later and...more

2015-2017 Housing Goals for Fannie Mae and Freddie Mac Finalized

On August 19th, 2015, the Federal Housing Finance Agency (FHFA) adopted a final rule establishing single-family and multifamily housing goals for Fannie Mae and Freddie Mac for 2015 through 2017. In addition, the final rule...more

Election Act 101 for Apartment and Condominium Owners and Managers

Alberta’s provincial election is fast approaching and that can only mean two things: bright-eyed candidates door-knocking across the province, and an increasing number of calls to our office from landlords and property...more

RALEIGH'S UDO AND THE CITYWIDE REZONING: What's New and How's it Working? [Video]

Raleigh's Unified Development Ordinance took effect September 1, 2013, and a massive rezoning is now underway to make its new zoning districts applicable to multifamily and commercial, including office, retail and industrial...more

Prepayment of tax-exempt bonds in connection with the sale of a multifamily housing project

In the last few years, we have seen an increase in the number of multifamily housing projects being sold at the completion of the 15-year low-income housing tax credit compliance period. Strong rental demand in many areas of...more

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