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
3/18/2025
/ Affordable Housing ,
BEPS ,
Eviction ,
Landlords ,
Multi-Family Development ,
Proposed Legislation ,
Real Estate Development ,
Regulatory Agenda ,
Rent Control ,
State and Local Government ,
Tenant Opportunity to Purchase (TOPA) ,
Tenants ,
Urban Planning & Development ,
Zoning Laws
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
With the New Year under way, we wanted to provide updates on legislative activity and other developments affecting multifamily properties in the region and across the country, including Maryland Building Energy Performance...more
1/20/2025
/ BEPS ,
Climate Change ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Environmental Policies ,
Federal Trade Commission (FTC) ,
Greenhouse Gas Emissions ,
Multi-Family Development ,
Price Gouging ,
Real Estate Development ,
Rent Control ,
State and Local Government ,
Tax Incentives
With another interest rate cut, the capital markets appear to be more promising for real estate transactions; time will tell how this month’s elections will impact the real estate industry. ...more
11/21/2024
/ Co-Op ,
Condominiums ,
Landlords ,
Multi-Family Development ,
Multi-Family Housing ,
NY Supreme Court ,
Rent ,
Rent Control ,
Rental Property ,
Residential Leases ,
Tenants ,
Vacant Properties
With Election Day fast approaching, market indicators appear more promising, notwithstanding regulatory hurdles. As a follow-up to our most recent Alert, below are some updates on recent multifamily legislative and legal...more
On the multifamily front, transactions are picking up. The benefits of the interest rate cut by the Fed are offset somewhat by the increasingly complex legal and regulatory environment impacting multifamily properties,...more
10/1/2024
/ BEPS ,
Condominiums ,
Eviction ,
Housing Market ,
Landlords ,
Late Fees ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rental Property ,
Tenants
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
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