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Department of Housing and Urban Development Real Estate Development

Lowndes

Orange County's AMI Jumps to $90,400 in 2024: What It Means for Affordable Housing

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The Department of Housing and Urban Development (HUD) recently announced the 2024 Area Median Income (AMI) and Rent Limits for counties statewide. These numbers are impactful on a number of levels, but are extremely important...more

Seyfarth Shaw LLP

DC Proposes Tax Abatement to Incentivize Conversion to Housing Development

Seyfarth Shaw LLP on

The District of Columbia’s office market, particularly Class B and C properties, is facing a calamity of epic proportions with occupancy, revenues, and valuations plummeting. Like other municipalities facing similar office...more

Seyfarth Shaw LLP

White House Implements Plans to Facilitate Office-to-Residential Conversions

Seyfarth Shaw LLP on

Seyfarth Synopsis: With the cooperation of federal agencies such as the Department of Housing and Urban Development (HUD) and the Department of Transportation (DOT), the White House has established plans to use grants and...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (08/15/23) – Manufacturing Soars with CHIPS Act, New Threats to U.S. Infrastructure and AI...

In our latest roundup, wildfires wreak havoc in Maui, JLL unveils an AI specifically for commercial real estate, the lasting effects of the CHIPS ACT, and more!...more

Miller Starr Regalia

The Interstate Land Sales Act: What Counsel For A California Developer Should Know

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Developers in the State of California are well aware of the Subdivision Map Act, the Subdivided Lands Act, and the Davis-Stirling Common Interest Development Act, all of which govern the subdivision and sale of real property...more

Lowndes

HUD Announces 2023 AMI Income and Rent Limits: Orange County's AMI Rises to $84,700

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The Department of Housing and Urban Development (HUD) has released its 2023 AMI Income and Rent Limits, with Orange County’s AMI increasing from $80,100 to $84,700....more

Allen Matkins

Sustainable Development and Land Use Update - 5.22.23

Allen Matkins on

As we reported in our prior legal alert, these important new state housing laws will allow for the streamlined approval of qualifying housing development projects on properties where retail, office and/or parking are...more

J.S. Held

Lead-Based Paint Regulations & How They Impact Your Project - Second Edition

J.S. Held on

Projects that involve damage or disturbance of painted or coated surfaces, as well as development or improvements of existing structures, may involve some level of lead impact regardless of the type, age, or location of the...more

Allen Matkins

Sustainable Development and Land Use Update -1.25.23 #3

Allen Matkins on

The U.S. Department of Housing and Urban Development (HUD) has filed a proposal for a new rule to push local communities to take steps to address housing segregation. HUD said in a release that the rule, announced last...more

Ballard Spahr LLP

House Passes FY2022 Omnibus Spending Bill; Next Up the Senate

Ballard Spahr LLP on

Summary - The U.S. House of Representatives passed an omnibus spending package on March 9, 2022, that contains all 12 fiscal year 2022 appropriations bills. Also included is supplemental funding to support Ukraine and...more

Cozen O'Connor

Broad Street Brief: Councilmembers Quiñones-Sánchez and Gauthier Look to Reform Affordable Housing Requirements. Councilmember...

Cozen O'Connor on

CITY HALL - Councilmembers Quiñones-Sánchez and Gauthier Look to Reform Affordable Housing Requirements - New legislation proposed by Councilmembers Maria Quiñones-Sánchez and Jamie Gauthier is taking aim at how the city...more

Holland & Knight LLP

SB 7 Creates Expedited CEQA Litigation Schedule for Qualifying Projects

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Signed into law by California Gov. Gavin Newsom on May 20, 2021, and taking immediate effect as an "urgency statute," Senate Bill (SB) 7 revives and expands the previously enacted Environmental Leadership Development Project...more

Pillsbury - Gravel2Gavel Construction & Real...

Congress Establishes the 4% Floor to Support Affordable Housing

Legislation signed into law on December 27, 2020, fixed the rate for the 30% present value low-income housing tax credit (LIHTC), which had dropped to a historic low of 3.07 in 2020, at 4% (the 4% Floor). Congress hopes that...more

Nutter McClennen & Fish LLP

Gimme Shelter: An Overview on Low-Income Housing Tax Credits for Developers, Investors, and Lenders

"There are a few ways to obtain low-income housing tax credits. Each program has stress points in making it work, so there isn’t always a clear choice. Timing is often a decisive factor."...more

Sheppard Mullin Richter & Hampton LLP

California Housing Legislation (2017-2018)

State lawmakers passed over 1,200 bills this year, the most in more than a decade according to sources. Governor Brown signed 1,016 into law as of September 30th. Below is a summary of the bills signed into law regulating the...more

Ballard Spahr LLP

White House Releases New Infrastructure Framework

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On February 12, 2018, the White House released its “Legislative Outline for Rebuilding Infrastructure in America” proposing a legislative framework for the nation’s infrastructure needs. Key components of the proposed...more

Ballard Spahr LLP

HUD Secretary States: RAD – “We need to lift the cap”

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At the National Housing Conference 2017 Annual Policy Symposium on June 9, 2017, HUD Secretary Ben Carson delivered the keynote address and participated in a Q&A session with Chris Estes, President and CEO of NHC. While much...more

Ballard Spahr LLP

HUD Publishes Further Revisions to RAD Notice

Ballard Spahr LLP on

In an announcement on January 12th, the U.S. Department of Housing and Urban Development (HUD) published a significant third revision to the Rental Assistance Demonstration (RAD) Notice (PIH 2012-32/ H 2017-03 Rev-3)....more

Katten Muchin Rosenman LLP

Reaction to Uncertainty in Affordable Housing Industry Brought on by Trump Election

The 2016 Election has created more questions than answers for the affordable housing industry. Very little is known about President-elect Trump's vision for affordable housing. On one hand, Mr. Trump has described himself as...more

Ballard Spahr LLP

HUD Issues Year-End Closing Deadlines for Mixed-Finance Deals

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The U.S. Department of Housing and Urban Development (HUD) recently issued a memo outlining its processing schedule for mixed-finance projects targeted to close by the end of 2016. According to HUD’s Office of Public Housing...more

Troutman Pepper

August 2016 Independent Contractor Misclassification and Compliance News Update

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This month’s news update includes three initiatives by the U.S. Department of Labor to combat IC misclassification. The first was the issuance of a new page on the DOL website called “Misclassification Mythbusters.” We...more

Ballard Spahr LLP

New Law Affects FHA Requirements for Condominium Financing

Ballard Spahr LLP on

President Obama signed the Housing Opportunity Through Modernization Act (H.R. 3700) into law on July 29. Title III of the Act will significantly modify Federal Housing Administration (FHA) condominium mortgage insurance...more

Pierce Atwood LLP

Pierce Atwood Environmental Regulatory Compliance Calendar

Pierce Atwood LLP on

Federal - Notice of Availability of the Environmental Protection Agency’s Two Updated Chapters in the EPA Air Pollution Control Cost Manual - EPA is making two finalized chapters of the EPA Air Pollution Control...more

Benesch

Real Estate Market Intelligence: Multifamily Development Quarterly Report - Q2 2016

Benesch on

Key Findings - The multifamily asset sector saw nearly $35.4 billion of investment sales activity for the first-quarter of 2016. This figure represents an 8.6% increase compared to the first-quarter of 2015 and...more

Troutman Pepper

PBV Selection Issues: Previous Competition and PHA-Owned Units

Troutman Pepper on

Two of the most troublesome aspects of selecting project-based voucher proposals have been selection based on previous competition and selection of public housing agency-owned units. Originally published in the...more

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