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
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
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
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
On the multifamily front, 2024 is off to a fast start. Notwithstanding high interest rates and a challenging regulatory environment, multifamily transactions continue. As a follow-up to our most recent Alert, below are some...more
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
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
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 recent alert, here are some updates on rent control and other activities in the region impacting multifamily properties...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
Summary -
Numerous recent developments are having an impact on multifamily properties and owners throughout the region. These developments range from federal efforts to “protect renters and promote rental affordability” to...more
New Prince George’s County Affordability Goals Impact ROFRs Recently we advised our readers of the uptick by the Prince George’s County Department of Housing and Community Development (DHCD) in exercising and assigning of...more
Summary -
The new right of first refusal (ROFR) law in Howard County, Maryland, differs significantly from similar requirements in Prince George’s County and Montgomery County, Maryland, as well as the District of...more
The Howard County, Maryland, Council passed Bill 13-2020—the Affordable Housing Retention Act—last week. This legislation provides the County and the Howard County Housing Commission with the right to purchase rental housing...more