News & Analysis as of

Housing Market

Miami Micro-Units Solve for Both Tenant Affordability and Developer Profitability

by Bilzin Sumberg on

Cities across America are facing an affordability crunch and housing in Miami is no different. The short supply of affordable housing is even scarcer in proximity to Miami’s central employment districts with no single...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

Heath insurance behemoth Cigna has agreed to buy Express Scripts—a “pharmacy benefits manger”—for $67 billion in cash and stock, including assuming $15 billion of its debt. The merger is one of a series of big moves in the...more

Housing group announces settlement of FHA lawsuit alleging insurance-related discrimination

by Ballard Spahr LLP on

The National Fair Housing Alliance (NFHA) has announced a settlement in its lawsuit against Travelers Indemnity Company in which it alleged that Travelers engaged in discriminatory conduct in violation of the Fair Housing Act...more

Advocating for increased funding for affordable housing – MAHC’s 2018 Housing Day

by Ballard Spahr LLP on

The Maryland Affordable Housing Coalition (MAHC) held its annual Housing Day in Annapolis today.   The event brings together over 200 affordable rental housing advocates to inform legislators of the value of affordable...more

Dueling Rent Taxes Come Up before San Francisco Voters in June

San Francisco electorate will vote on a new 1.7% or 3.5% tax on commercial rentals in June 2018. It is estimated that about $65 million annually would be collected from the commercial real estate industry under the Housing...more

Local Implementation of Senate Bill 35

The San Francisco Planning Director issued a Bulletin in December 2017 explaining how SB 35 will be implemented locally now that it is effective, as of January 1, 2018. Among other things, the Bulletin includes a new...more

Low-Income Housing for People with Disabilities

People with disabilities are disproportionately low-income. Like many other marginalized communities, people with disabilities are being priced out of many neighborhoods, especially in large metropolitan centers, as rental...more

West Coast Real Estate Update - January 2018

by Holland & Knight LLP on

Apartment Owner Loses Court Battle with Airbnb - A federal judge in Los Angeles recently dismissed a lawsuit by the owner of the 4,255-unit Park La Brea apartment complex against Airbnb Inc. that sought to hold the online...more

Planning for Growth and More Growth

Growth in Florida is expected to continue its upward trend in 2018. According to data from U-Haul, Florida was the country’s No. 2 Growth State for 2017, for the second year in a row. ...more

Ambitious “Housing-First Policy” for “Transit-Rich Housing” Would Require Greater Density and Height for Housing Near Transit,...

by Miller Starr Regalia on

First term California State Senator Scott Wiener has quickly become a state leader on housing policy. Last year the San Francisco-based senator sponsored Senate Bill 35, which creates a streamlined approval process, in...more

HUD starts the rollback of affirmatively furthering fair housing?

by Ballard Spahr LLP on

Last week, HUD issued a notice extending until after October 31, 2020, the deadline for cities and other participating jurisdictions to submit assessments of fair housing (AFH), the new reporting and assessment tool required...more

Slate of New Housing Bills Take Effect January 1, 2018

Governor Brown signed into law a slate of 15 new housing bills last fall. Three of those bills that related to funding sources for housing went into effect immediately, while the other 12 took effect on January 1, 2018. These...more

California Legislation And Regulation To Watch In 2018

Orrick’s Andrew Livingston recently spoke with Law360 about California legislation and regulation that will be top of mind in 2018. Andrew noted that California’s new salary history rule introduces a host of potential...more

Tiny Houses Gain Momentum in Florida

We have previously discussed on our blog the tiny house movement and the possibility of this growing trend ameliorating the shortage of affordable housing in the Sunshine State. The second annual Florida Tiny House Festival...more

Government to ban leasehold houses and set ground rents at zero

by Hogan Lovells on

Following the consultation in summer 2017 on ground rents and leasehold houses the government has published its response with the following headline proposals...more

Dreaming Of Retirement …

by Hogan Lovells on

That’s what we were doing at Property Week’s Retirement Living Conference. As one of the most untapped sectors in real estate we were amazed to hear about the potential for a retirement living explosion. There were...more

Groups work together to create and expand Akron Summit County ESID

by Bricker & Eckler LLP on

The Development Finance Authority of Summit County (DFA), along with Summit County and Akron, Barberton and Coventry Township, teamed up to create and expand the Akron Summit County Energy Special Improvement District (ESID),...more

Puerto Rican Evacuees Increase Pressure for Affordable Housing in Florida

More than 150,000 people have left Puerto Rico since Hurricane Maria devastated the island in September and have come to Florida. This surpasses the number of Cubans who fled to Miami in the Mariel boatlift of 1980. ...more

California Affordable Housing Authority Bill Signed Into Law

California Assembly Bill 1598 (Mullin) (“AB 1598”), signed into law by the Governor on October 13, 2017, authorizes cities and counties to create new affordable housing authorities for the purpose of financing low- and...more

HUD Webinar on RAD Construction Completion Certification & Minority Concentration Analysis Mapping Tool

by Ballard Spahr LLP on

On Thursday, November 9, 2017 HUD hosted a live webinar to provide an overview and discussion of the recently developed Completion Certification and the RAD Minority Concentration Analysis Tool. A video of the webinar can be...more

West Coast Real Estate Update - November 2017 #1

by Holland & Knight LLP on

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

Appellate Term Reverses Village Of Port Jefferson Illegal Rental Permit Convictiions

by Farrell Fritz, P.C. on

Week to week we blog about recent developments in the land use arena, which typically arise in the civil context. This week, we thought a recent “criminal” case decided by the Supreme Court, Appellate Term, Second...more

Micro Units: The Latest Trend in High Density Housing

by Miles & Stockbridge P.C. on

In my previous article “The Tiny House Craze: Zoning Laws Could Be a Tiny Impediment” I discussed the popular new “tiny house” trend in residential housing options. Along with the “tiny house” craze, another new and growing...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

The moral of this story is as follows: if Maysayoshi Son says the merger’s off, it’s probably off (regardless of what the rest of the board says). We discussed the will they/won’t they status of the T-Mobile/Sprint deal last...more

Government issues draft Tenant Fees Bill banning residential letting fees

by Hogan Lovells on

Earlier this year, we blogged on the government’s proposals to ban residential letting fees.  On 1 November, the government took the next step towards realising those proposals by publishing the draft Tenant Fees Bill....more

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