News & Analysis as of

Community Development Economic Development Real Estate Development

Cozen O'Connor

Major Long Island City Rezoning Enters Public Review

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On April 21, 2025, the New York City Planning Commission (CPC) certified the city-led Long Island City Neighborhood Plan, known as OneLIC, into public review. OneLIC seeks to build on Long Island City’s status as one of...more

Bilzin Sumberg

Proposed Bill Would Impact Economic Development Efforts within CRAs

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The Community Redevelopment Act of 1969 authorizes counties and municipalities to create CRAs as a means for redeveloping slums and blighted areas in the community. Once created, CRAs adopt a Community Redevelopment Plan...more

Bricker Graydon LLP

[Hybrid Event] Hot Topics for Ohio Political Subdivisions in 2025: Housing Development - April 2nd, Cleveland, OH

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Bricker Graydon is pleased to present a series of hybrid events covering hot topics impacting Ohio's political subdivisions throughout 2025. Join us in person in our Cleveland office or virtually via Zoom for the next event...more

Spilman Thomas & Battle, PLLC

The Rural Historic Tax Credit Improvement Act Will Expand Access To Smaller Projects | Spilman Thomas & Battle

Last week, U.S. Senators Shelley Moore Capito, R-West Virginia, and Mark Warner, D-Virginia, introduced S. 631, which focuses on rural historic tax credit (HTC) use and also includes transferability for small projects (those...more

Offit Kurman

Will 2025 Bring Greater Equity Investment and Debt Financing in NJ? NJ Aspire 3.0 aspires to do just that.

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On January 23, 2025, Governor Phil Murphy enacted significant amendments to the New Jersey Aspire Program by signing Senate Bill 1323/Assembly Bill 2076 into law. The amendments, collectively referred to as “NJ Aspire 3.0”...more

Kohrman Jackson & Krantz LLP

Another Step in Cleveland’s Lakefront Revitalization

Cleveland City Council recently commenced the process to create a new nonprofit development agency, known as a New Community Authority (NCA), to administer land and community facility acquisition and development, as well as...more

Bricker Graydon LLP

[Event] Uniting for Action: A Discussion About Collaborative Solutions for Northeast Ohio’s Housing Future - November 1st,...

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Local and state elected officials, community stakeholders, private developers, and employers are grappling with Ohio’s recognized lack of high-quality, workforce-attainable housing options. While Ohio has been successful in...more

Dinsmore & Shohl LLP

Dinsmore's Sam Hargitt on working with some of Indianapolis' top developers and investors

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In this Spotlight on Real Estate and Development, Samantha (Sam) Hargitt explains the thrill of working with clients on significant projects that shape communities and drive economic growth. As a partner in the Firm’s...more

Goulston & Storrs PC

“You are a New Yorker the first time you say, ‘'That used to be…’”

Goulston & Storrs PC on

According to one of my favorite novelists, Colson Whitehead, “No matter how long you have been here, you are a New Yorker the first time you say, 'That used to be Munsey's' or ‘That used to be the Tic Toc Lounge.’”  I have a...more

Carlton Fields

[Event] The Heartbeat of Innovation: Tampa's Medical District Initiative - June 4th, Tampa, FL

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Inspired by renowned medical districts in the nation’s greatest cities, Tampa General Hospital and USF Health Morsani College of Medicine have partnered with the Tampa Bay Economic Development Council to create a life...more

Farrell Fritz, P.C.

Tax Incentives Aim to Drive Real Estate Development Forward

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It has long been an accepted reality that very little real estate development gets done in New York State without the help of a myriad of tax incentive packages handed out by state and local governments—and the entities that...more

K&L Gates LLP

Washington, D.C.'s Office of the Deputy Mayor for Planning and Economic Development Proposes Rules to Implement Downtown Real...

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On 26 January 2024, Washington, D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) published a Notice of Proposed Rulemaking to implement tax abatements to be made available to developers of...more

Kramer Levin Naftalis & Frankel LLP

NYCEDC and NYCIDA Announce ‘M-CORE’ Tax Benefits for Commercial Renovations

The New York City Economic Development Corp. (EDC) and Industrial Development Agency (IDA) have announced the Manhattan Commercial Revitalization tax incentive program, dubbed “M-CORE,” to support the renovation of commercial...more

Kohrman Jackson & Krantz LLP

City of Cleveland Property Tax Abatement: The Study, Key Findings and Recommendations

THE STUDY - In the summer of 2019, Cleveland’s Office of Community Development and the Equitable Community Development Working Group commissioned a study (the “Study”) to identify the historic usage of the City’s Tax...more

Kohrman Jackson & Krantz LLP

UPDATE: Ohio General Assembly Passes Increased Historic and Opportunity Zone Incentives in SB 225

Ohio’s General Assembly recently voted to temporarily double its Ohio Historic Preservation Tax Credit (OHPTC) award cap and increase, then reduce Ohio’s Opportunity Zone (OZ) Tax Credit cap. For state fiscal years 2023 and...more

Lowndes

Renewed Opportunities: Recent Bipartisan Proposal Seeks to Refine Opportunity Zone Development and Tax Incentives

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In 2017, the Tax Cuts and Jobs Acts (TCJA) created a capital gains investing program aimed at revitalizing impoverished neighborhoods in the United States, known as “Qualified Opportunity Zones.” The purpose of this program...more

Carlton Fields

[Webinar] Looking Forward to the Future of the Tampa Bay Region - December 15th, 12:00 pm - 1:00 pm ET

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Tech. Restaurants. Real Estate. Sports. Tourism. The Tampa Bay region is booming all around. Our population, workforce growth, infrastructure, economy, and leisure options have all led to Tampa and its surrounding cities...more

K&L Gates LLP

HUB Talks: Transparency, Unity, and Community with Elizabeth Jones, founder of The Equality Equation

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On this episode of Sustainable Outlook, Elizabeth Crouse of K&L Gates speaks with Elizabeth Jones on The Equality Equation’s mission to facilitate economic equality by developing impoverished communities into flourishing...more

Pullman & Comley, LLC

Funding Opportunity Available Through the DECD Under the CT Communities Challenge Grant Program

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The State of Connecticut’s Department of Economic and Community Development (“DECD”) is offering a competitive grant application process to fund multiple projects under the CT Communities Challenge Grant Program (the...more

Genova Burns LLC

Aspire Incentive Regulations Approved by New Jersey Economic Development Authority

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On Wednesday November 10th, the New Jersey Economic Development Authority (NJEDA) officially approved regulations for the Aspire Program. The goal of the Aspire Program, one part of the larger New Jersey Economic...more

Carlton Fields

[Webinar] One Team, Two Cities: The Tampa Bay Rays' Sister City Plan - September 30th, 12:00 pm - 1:00 pm ET

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Can one team play in two cities (or countries)? The Tampa Bay Rays have proposed a "sister city" plan, allowing the MLB team to play one half of the season in the Tampa Bay area and the remainder in Montreal, split between...more

BCLP

Racial Equity Reports Required for Land Use Actions

BCLP on

On June 17, 2021, the New York City Council approved a local law (Intro No. 1572-B) that requires applicants (both City agencies and private applicants) for significant land use actions submitted on or after June 1, 2022 to...more

Burr & Forman

Department of Treasury Releases Proposed Regulations Offering Pandemic Relief to Qualified Opportunity Zone Businesses

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On April 14, 2021, the Department of Treasury (“Treasury”) released proposed regulations (the “Proposed Regulations”) that, if adopted, would allow flexibility for qualified opportunity zone businesses (“QOZBs”) to revise or...more

Stinson LLP

IRS Extends Relief for Qualified Opportunity Funds

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On January 19, 2021, the IRS issued Notice 2021-10, further extending relief for qualified opportunity funds (QOF) and their investors due to the COVID-19 pandemic. The IRS had provided relief last year in Notice 2020-39, and...more

Morgan Lewis

IRS Extends Previously Issued Relief to Qualified Opportunity Funds and Their Investors

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The Internal Revenue Service (IRS) issued Notice 2021-10 on January 19, which extends relief to Qualified Opportunity Funds (QOFs) and their investors as a response to continued challenges brought on by the COVID-19 pandemic....more

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