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Housing Market Legislative Agendas

Sullivan & Worcester

Housing Bill Becomes Law, But It’s Not Just About Housing

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On Tuesday, August 6th, Governor Healey signed into law House Bill 4977, “An Act relative to the Affordable Homes Act.” The 181-page Bill provides for $5.1 billion in capital funding to support housing production and...more

Cozen O'Connor

Cozen Currents: Is Harris the Answer?

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The Cozen Lens - While it’s becoming ever clearer Vice President Harris is likely to be the Democratic nominee following President Biden’s decision to step aside, it’s less clear what the impact will be on the presidential...more

Shutts & Bowen LLP

Florida’s New Statutory Home Warranty: What Home Builders Need to Know

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Florida Governor Ron DeSantis recently signed H.B. 623 into law on April 15, 2024, creating a new section 553.837, Florida Statutes, which will require builders to provide a one-year warranty for all newly constructed homes. ...more

Ankura

Ankura Monthly Economic Indicators Overview - April 2024

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The economy grew at a moderate pace in Q4 2023, with inflation ticking up slightly in March, with core CPI rising 3.8%. U.S. consumer sentiment remains stable, with steady spending despite some pockets of weakness. Disposable...more

Sheppard Mullin Richter & Hampton LLP

Status of California Rent Control Reform

It seems like year-after-year, attempts are made to reform or repeal California’s rent control regulations, namely the Costa-Hawkins Rental Housing Act (Civ. Code §§ 1954.50 et seq.) (Costa-Hawkins Act). 2024 has proven to be...more

Sheppard Mullin Richter & Hampton LLP

SCOTUS Declines to Review New York City’s Rent Stabilization Law

New York City’s rent-related laws have once again survived judicial scrutiny, and evaded Supreme Court review. In 74 Pinehurst LLC v. New York, a group of New York City landlords (“Petitioners”) filed suit in the District...more

Shutts & Bowen LLP

Florida Senate and House Approve Amendment to Live Local Act

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In 2023, the State of Florida adopted the Live Local Act (the “Act”), which seeks to incentivize the development of affordable housing by the private sector primarily by preempting local zoning laws and providing tax...more

Brownstein Hyatt Farber Schreck

Transit-Oriented Communities Bill Targets Housing Access through State Intervention

House Bill 24-1313 was introduced by Colorado House Reps. Steven Woodrow (D-Denver) and Iman Jodeh (D-Arapahoe) along with state Sens. Chris Hansen (D-Denver) and Faith Winter (D-Adams). HB24-1313 represents a “top-down”...more

Sheppard Mullin Richter & Hampton LLP

California Continues Trend of Pushing Housing Legislation to Address Ongoing Housing Shortage

According to the Public Policy Institute of California, a non-profit, non-partisan think tank, California is facing a jaw-dropping 3.5 million unit housing deficient for the current population. This despite several...more

Sheppard Mullin Richter & Hampton LLP

CEQA 2023 Legislative Update

The 2023 legislative cycle saw another mixed-bag of legislation dealing with CEQA “reform,” with a particular focus on streamlining affordable housing development. While many bills died during the process, a few key laws were...more

Buchalter

24 Legislative Update: 56 New Laws Targeting Housing Development Become Effective in California

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The California Legislature’s laser focus on addressing the state housing crisis did not subside during the 2023 legislative session. While legislators proposed over 150 housing bills, only a fraction of those bills were...more

DarrowEverett LLP

How Florida's Live Local Act Expedites Affordable Housing Construction

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In the past several years, Florida has seen a population explosion, with over 1,000 people moving to Florida each day. With such a rapid increase in population, demand for housing in suburban and rural areas of Florida is at...more

Coblentz Patch Duffy & Bass

2023 Housing Legislation Overview – Major Signed and Pending Bills

The 2023 California Legislative Session, which closed on September 14, was dominated yet again by efforts to address the state’s continued housing crisis. For the last several years, we have written about many bills enacted...more

Sheppard Mullin Richter & Hampton LLP

Los Angeles Mayor Signs New Legislation Exempting Affordable Housing Projects from Site Plan Review

On July 6, 2023, Los Angeles Mayor Karen Bass signed into law a provision to exempt certain affordable housing projects from the city’s Site Plan Review Process. The exemption was made as an amendment to Site Plan Review...more

Perkins Coie

San Francisco Adopts Ordinance To Facilitate the Conversion of Office Buildings to Housing

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In downtown San Francisco, office vacancy has skyrocketed as hybrid work has transformed the way in which employers and employees use office space. This, in turn, has decreased activity downtown, negatively impacting the...more

Sheppard Mullin Richter & Hampton LLP

Build More, Faster? Newsom Signs Infrastructure and Budget Legislation 

On July 10, 2023, California Governor Gavin Newsom signed into law a package of bills intended to accelerate critical infrastructure projects across the State aimed at achieving monumental climate and clean energy goals while...more

McDermott Will & Emery

Florida Passes Bill to Incentivize Affordable Housing Development

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In March 2023, Florida Governor Ron DeSantis signed Senate Bill 102, also known as the Live Local Act (the Act), into law. The bill surpasses historical records for the state, represents the largest investment in housing...more

Coblentz Patch Duffy & Bass

State Seeks to Curb Appeals of Residential Building Permits in San Francisco

The land use entitlement process in California is notoriously complicated, lengthy, and fraught with uncertainty. Less attention is paid to the process of receiving building permits, post-entitlement. Generally, this process...more

Shutts & Bowen LLP

The Live Local Act Part 2 - Affordable Housing Incentives

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The shortage of affordable housing in Florida has been building for many years. Within a time span of 2 years, median rental prices in Florida increased over 30 percent and now the shortage of affordable housing has reached...more

DarrowEverett LLP

Livin’ La Vida Loca: Florida’s Radical Overhaul of Commercial Zoning Incentivizes Developers

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The “Live Local Act," recently signed into law by Florida Gov. Ron DeSantis, provides unprecedented incentives for developers to build affordable housing. With access to low-interest loans and tax credits, the ability to...more

Smith Gambrell Russell

Bills Pending in the New York City Council to Enact Laws Regulating the Purchaser Approval Processes of Cooperatives

Cooperative boards should be aware that there are three bills pending before the New York City Council that, if passed, will impose substantial requirements on the purchaser application process in all cooperatives in New York...more

Sheppard Mullin Richter & Hampton LLP

It’s About Damn Time

The City and State of New York have made a handful of announcements regarding plans to roll out imminent changes to the real estate development process to help encourage development and tackle the City’s affordable housing...more

Hogan Lovells

UK government legislates to make residential ground rents a thing of the past

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On 8 February 2022, the Leasehold Reform (Ground Rent) Act 2022 received Royal Assent, effectively outlawing ground rents in residential leases in England and Wales once the legislation comes into force....more

Pullman & Comley, LLC

House Ways and Means Committee Proposes Expansion of Affordable Housing Financing Incentives in the Reconciliation Package

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On September 10, 2021, the House Ways and Means Committee (the “Committee”) released proposed legislation providing for an expansion of affordable housing financing incentives in their portion of the $3.5 trillion...more

Hogan Lovells

Residential property reform by UK government: Goodbye to ground rents

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In the first part of a long-heralded suite of reforms to leasehold property law in England & Wales, the UK government has introduced a draft Bill which is intended to consign to history ground rents under leases of flats and...more

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