Federal Budget Helps Affordable Housing -
Advocates for and developers of affordable housing lamented tax cuts passed late last year. A decrease in the corporate tax rate made the low-income housing tax credit (LIHTC)...more
4/9/2018
/ Affordable Housing ,
Appraisal ,
Commercial Real Estate Market ,
Corporate Taxes ,
FDIC ,
Financial Regulatory Agencies ,
Income Taxes ,
LIHTC ,
Local Taxes ,
Tax Rates ,
Tax Reform
Absence of Private Activity Bonds from House Tax Proposal Could Hurt Affordable Housing -
While a lot of people are discussing the ways in which the tax proposals coming out of Congress will impact personal and corporate...more
The tax proposal initially released by the House Ways and Means Committee could look very different from what Congress actually approves. However, analysts have said that, if passed, certain provisions in the tax plan could...more
11/14/2017
/ Affordable Housing ,
Homeowners ,
Housing Market ,
Mortgage Interest ,
Mortgage-Backed Securities ,
Property Owners ,
Proposed Legislation ,
Seismic Retrofitting ,
Tax Deductions ,
Tax Reform ,
Tax Returns ,
Ways and Means Committee
L.A. to Legalize Residential Units Previously Created in Violation of Building Code -
On May 10, 2017, the Los Angeles City Council unanimously approved an ordinance that would permit previously unapproved dwelling...more
5/25/2017
/ Affordable Housing ,
Bailout ,
Building Codes ,
CEQA ,
City Planning Departments ,
Consultants ,
County Planning Commissions ,
Fannie Mae ,
Freddie Mac ,
Landlords ,
Loans ,
Mortgages ,
Permits ,
Residential Property Owners ,
Zoning Laws
Proposed Landmark Rules Could Make LA Redevelopment More Difficult -
Los Angeles City Council Member Jose Huizar has proposed a new set of rules that could make it more difficult for owners of historic properties in Los...more
1/18/2017
/ Affordable Housing ,
Campaign Contributions ,
City of Los Angeles ,
Construction Industry ,
Construction Project ,
Elder Issues ,
Historic Preservation ,
Historical Landmarks ,
Land Use Restrictions ,
LIHTC ,
Low-Income Issues ,
Proposed Legislation ,
Real Estate Development ,
Real Estate Market ,
Redevelopment ,
Residential Real Estate Market ,
Senate Finance Committee ,
Tax Credits
Owners, Developers Face Challenges Converting Parking to E-Commerce Delivery Space -
Because millennials make up an increasing number of urban residents, owners and developers of apartment and condominium buildings are...more
11/28/2016
/ Affordable Housing ,
Apartments ,
CMBS ,
Commercial Real Estate Market ,
Condominiums ,
Construction Industry ,
Dodd-Frank ,
Financial Institutions ,
Housing Developers ,
Housing Market ,
IRS ,
Parking Lots ,
Real Estate Development ,
REIT ,
Residential Real Estate Market ,
Securities ,
Tax Deferral ,
Transfer Taxes ,
U.S. Treasury ,
Zoning Laws
This is the fourth edition in an ongoing series of "Corner Briefings" highlighting urban infill legal tools and opportunities. These updates identify new legal cases, legislative updates, grant opportunities and other urban...more
California Legislature Revises De Minimis Exemption of Finance Lenders Law -
Real estate projects that utilize federal New Markets Tax Credit (NMTC) financing recently received a reprieve from a state licensing...more
10/18/2016
/ Affordable Housing ,
Commercial Loans ,
EB-5 ,
Foreign Investment ,
Green Cards ,
Housing Market ,
Immigrant Investor Program ,
Job Creation ,
Licensing Rules ,
New Market Tax Credits ,
Real Estate Development ,
Real Estate Market ,
Time Extensions ,
Zoning Laws
California Coastal Act Blocks Housing Project in Venice Despite Earlier Approvals -
Judge James C. Chalfant of the California Court of Appeal on Sept. 29, 2016, affirmed a lower court ruling denying a developer’s petition...more
10/10/2016
/ Affordable Housing ,
Apartments ,
Appeals ,
City of Los Angeles ,
Construction Industry ,
Construction Project ,
Earthquakes ,
Foreclosure ,
Governor Brown ,
Housing Developers ,
Housing Market ,
Local Ordinance ,
Low-Income Issues ,
Mortgages ,
New Legislation ,
Popular ,
Property Ownership ,
Real Estate Development ,
Real Estate Market ,
Seismic Retrofitting ,
Single Family Housing ,
Spouses ,
Surviving Spouse ,
Variances
California Governor Proposes "Build By Right" Approval Process for Affordable Housing -
Recognizing the extreme need throughout California for construction of new affordable housing units, on May 13, 2016, Gov. Jerry...more
6/14/2016
/ Affordable Housing ,
Ballot Measures ,
CA Supreme Court ,
CEQA ,
Community Development ,
Construction Industry ,
Customer Due Diligence (CDD) ,
Financial Crimes ,
FinCEN ,
Housing Developers ,
Money Laundering ,
Proposed Legislation ,
Real Estate Development ,
Real Estate Market
San Francisco Requires Solar Panel Installation on New Buildings -
Last month, the City of San Francisco passed an ordinance requiring all new buildings to include solar energy systems. California law currently requires...more
5/11/2016
/ Affordable Housing ,
Building Permits ,
City of Los Angeles ,
Community Revitalization and Investment Authorities (CRIAs) ,
Construction Industry ,
Energy Sector ,
Local Ordinance ,
Neighborhood Revitalization ,
Real Estate Development ,
Real Estate Market ,
Redevelopment ,
Renewable Energy ,
San Francisco ,
Solar Energy ,
Successor Agencies
FDIC Clarifies "Abandoned Foreclosures" Guidelines -
The Federal Deposit Insurance Corporation (FDIC) clarified on March 2, 2016, its existing guidelines with respect to the decision by any FDIC-supervised institution to...more
Supreme Court of California Makes Mortgage Due Diligence More Difficult -
The Supreme Court of California ruled that borrowers have standing to challenge a foreclosure on the grounds that an assignment of the mortgage...more