News & Analysis as of

Affordable Housing

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (6/2)

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Illinois Democrats pass budget in final minutes with sports betting tax hike- “Illinois lawmakers approved a $55.2 billion state budget package minutes ahead of a key constitutional deadline Saturday night, relying on tax...more

Butler Snow LLP

Major Reforms to Chapter 394: HB 21 Brings Sweeping Changes to Housing Finance Corporations in Texas

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During the 89th Texas Legislative Session, Representative Gary Gates authored and passed House Bill 21, a comprehensive reform of Chapter 394 of the Texas Local Government Code. This legislation, which became effective on May...more

Akerman LLP

New York City Council Approves the “Atlantic Avenue Mixed-Use Plan”city=o

Akerman LLP on

The New York City Council approved the Atlantic Avenue Mixed-Use Plan (AAMUP) on May 28, 2025. This initiative represents a significant rezoning aimed at transforming a key corridor in Central Brooklyn, which has been zoned...more

Cozen O'Connor

New York Note: First Debate Stage Set, Congestion Pricing to Remain, Council Passes Legislation

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Candidates Named For First Mayoral Primary Debate - Nine candidates have qualified for the first NYC Democratic mayoral primary debate on June 4, including Adrienne Adams, Michael Blake, Andrew Cuomo, Brad Lander, Zohran...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, May 29, 2025

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Gov. Shapiro Counters Federal Cuts with $50M Innovation Push - As the Trump administration slashes federal research funding, Governor Josh Shapiro (D) is proposing a $50 million state investment to boost Pennsylvania’s life...more

Cozen O'Connor

Broad Street Brief: Mayor Parker Signs POWER Act

Cozen O'Connor on

Mayor Parker Signs POWER Act Into Law - On Wednesday, Mayor Cherelle Parker signed the POWER Act into law, expanding protections for City workers by increasing penalties for employer retaliation, extending sick leave to...more

Cozen O'Connor

City Council Approves Atlantic Avenue Mixed Use Plan

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On May 28, 2025, the New York City Council approved the city-led Atlantic Avenue Mixed Use Plan (AAMUP, pronounced "aim up"), rezoning a low-density industrial stretch of Atlantic Avenue and surrounding blocks in Brooklyn’s...more

GeoDataVision

Why Does the CFPB Disguise Important Mortgage Data?

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Banks play a pivotal role in the economic wellbeing of our nation and local communities. Banks do this by being “financial intermediaries” facilitating the flow of funds between savers and borrowers. This obligation is so...more

Cozen O'Connor

Cozen Cities - May 28, 2025

Cozen O'Connor on

BALTIMORE—City Seeks Return of Sports Betting Lawsuit to Local Court - The City of Baltimore is requesting that its consumer protection lawsuit against DraftKings and FanDuel be moved back to Baltimore City Circuit Court,...more

Cozen O'Connor

New York Note: Elizabeth Street Garden, Special Election, 5 Times Square

Cozen O'Connor on

Deputy Mayor Randy Mastro is considering cancelling a planned affordable housing development at Elizabeth Street Garden. He has suggested that the apartments instead be built on a nearby lot, which was initially reserved for...more

Orrick, Herrington & Sutcliffe LLP

FHA archives nearly 600 inactive mortgagee letters

On May 19, it was reported that the FHA’s Office of Single Family Housing (OSFH) archived nearly 600 inactive mortgagee letters after determining that their inclusion on OSFH’s website caused confusion among lenders seeking...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, May 22, 2025

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PA’s 2025 Primary Elections Run Smoothly- Pennsylvania Secretary of the Commonwealth Al Schmidt called the 2025 primary elections “relatively calm and successful,” with only minor issues reported statewide. Despite the...more

McDermott Will & Emery

Wichtige Aspekte des Koalitionsvertrags 2025 aus Immobilien- und Steuersicht

McDermott Will & Emery on

Wohnen, Bauen, Klima: Die Wohn- und Klimapolitik im Koalitionsvertrag 2025 - Mit dem Koalitionsvertrag 2025 hat sich die Bundesregierung ehrgeizige Ziele für den Wohnungsbau, das Mietrecht, die kommunale Wohnungspolitik und...more

Allen Matkins

Sustainable Development and Land Use Update 5.22.25

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Governor Gavin Newsom on March 14 praised Assemblymember Buffy Wicks (D-Oakland) and Senator Scott Wiener (D-San Francisco) for sponsoring two bills (SB 607 and AB 609) that would streamline housing development in urban...more

Cozen O'Connor

Broad Street Brief: Krasner Wins Democratic DA Primary

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City Council Advances Bill to Hold Developers Accountable for Affordable Housing Promises - The City Council Rules Committee advanced legislation Wednesday that would require developers to formalize their commitments to...more

Holland & Knight LLP

New York Enacts Affordable Housing Retention Act

Holland & Knight LLP on

New York Gov. Kathy Hochul recently signed into law the Affordable Housing Retention Act (AHRA), which for the next four years enables condo conversions of specific buildings in New York City with a presale requirement for...more

Greenberg Glusker LLP

Kevin Sher Describes the Way Forward for SoCal Commercial Real Estate

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Real Estate Partner Kevin Sher took part in the L.A. Times Studios' Southern California Commercial Real Estate Trends Roundtable, where he was one of three leading industry experts to share his thoughts on the current state...more

Miller Starr Regalia

Senator Wiener and Assembly Member Wicks Applaud Governor Newsom’s Support of Their CEQA Reform Bills

Miller Starr Regalia on

On May 14, 2025, Senator Scott Wiener issued a press release stating that, on that morning, “Governor Gavin Newsom announced that he supports the strongest ever reforms of [CEQA],” referring to Newsom’s proposal to include in...more

Coblentz Patch Duffy & Bass

There’s Always This Year? 2025 Legislature Considers CEQA Reforms to Spur Housing

California’s 2025 legislative cycle includes another ambitious package of housing bills as the state continues to look for ways to ease the housing crisis amidst continued political and economic uncertainty. Reforming the...more

Farrell Fritz, P.C.

From Vacancy to Vibrancy: Empire State Development’s Vision for Long Island Housing

Farrell Fritz, P.C. on

On March 27, 2025, Empire State Development, New York State’s chief economic development agency, announced the launch of the Long Island Forward Housing Program (LIFHP), a $10 million initiative designed to promote and...more

Hogan Lovells

Politics of housing in Germany

Hogan Lovells on

As of 6 May 2025 Germany has a new government. After intensive coalition negotiations, CDU/CSU and SPD agreed on a joint housing policy in their coalition agreement, combining and developing elements of both manifestos under...more

Adams & Reese

Colorado's New Construction Bill: What Developers Need to Know

Adams & Reese on

On May 12, 2025, Governor Jared Polis signed HOUSE BILL 25-1272, a significant piece of legislation aimed at reforming the construction defect process, particularly for middle market housing (multifamily, attached housing of...more

Cozen O'Connor

Pennsylvania Perspective for Monday, May 12, 2025

Cozen O'Connor on

PA Public Transit, Facing Funding Challenges, Looks to Harrisburg for Solution - Governor Josh Shapiro (D) warns of severe cuts to bus and rail services across Pennsylvania due to financial challenges, with debates over...more

Allen Matkins

What kinds of assets are investors targeting in today’s shifting political and economic climate?

Allen Matkins on

“I am seeing continued enthusiasm for existing multifamily assets – particularly those with a value-add opportunity. Although renovations are expensive, the improvement of an existing multifamily asset provides investors with...more

Stikeman Elliott LLP

Province of Ontario Caps Inclusionary Zoning Requirements

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On May 12, 2025, the Government of Ontario amended the Inclusionary Zoning regulation under the Planning Act. These changes introduce clear upper limits on what municipalities can require under local Inclusionary Zoning...more

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