News & Analysis as of

Landlords Affordable Housing

Lerch, Early & Brewer

Rockville and Montgomery County Take Differing Approaches to Rent Stabilization

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The City of Rockville and Montgomery County are addressing affordable housing with differing approaches. Both jurisdictions took action on rent control this summer, with plans for future legislation or applicable regulations...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 3 of 4)

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New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Holland & Knight LLP

Changes to New York's Housing Laws: What You Need to Know

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New York state has enacted changes in the housing laws that will have a significant impact on the development and operation of multifamily housing in New York City and the state, and will also ameliorate the effects of...more

Adler Pollock & Sheehan P.C.

The Potential of Rent Control in Rhode Island

In 2023, Providence had the largest year over year residential rent increase compared to every other major U.S. city. Rising rental rates are not isolated to the Ocean State. Median residential rent prices increased in cities...more

ArentFox Schiff

NYC’s Rent Stabilization Laws Upheld by Supreme Court in Light of Affordable Housing Challenges Nationwide

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On February 20, the US Supreme Court declined to hear challenges brought by rental unit owners to recent changes made to New York City’s Rent Stabilization Laws. Since these changes went into effect in 2019, news outlets have...more

Allen Matkins

Sustainable Development and Land Use Update 2.29.24

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The developer behind a proposed 259-unit housing project on Del Mar’s North Bluff is suing the city after more than a year of tense communications, alleging that the city’s repeated rejection of the project application...more

Allen Matkins

Sustainable Development and Land Use Update 2.22.24

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The city of Berkeley will pay $4 million in connection with its mishandling of an application to build 260 housing units on the old Spenger's parking lot. Alameda County Superior Court Judge Frank Roesch fined Berkeley $2.6...more

Harris Beach PLLC

Tax Abatement Replaces J-51 Program to Promote Affordable Housing Improvements in New York City

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Governor Kathy Hochul recently signed legislation authorizing a new tax abatement to promote improvements to affordable housing in New York City. In June 2023, lawmakers in New York State passed the Affordable Housing...more

Seyfarth Shaw LLP

Montgomery County, Maryland Adopts 6% Cap on Rent Increases

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Seyfarth Synopsis: Montgomery County has enacted a comprehensive rent stabilization law that will limit annual rent increases for rental housing in the County to three percent plus CPI, with a maximum limit of 6%. The law...more

Morrison & Foerster LLP

MoFoREAL: European Real Estate Newsletter (Q2 2023)

Welcome to the latest edition of MoFoReal, our newsletter highlighting recent activities and other developments in MoFo’s European Real Estate team. In this edition, we consider the risk that power procurement poses to UK...more

Harris Beach PLLC

"Affordable Housing Rehabilitation Program” Expected to Replace J-51 Property Tax Abatement

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During the waning hours of the 2023 legislative session, New York lawmakers passed the Affordable Housing Rehabilitation Program (the “Program”) to replace the lapsed J-51 tax break that expired on July 1, 2022. Similar to...more

Ballard Spahr LLP

Multifamily Updates – Rent Control, Tax Increases, Condominium Warranties, FHFA Tenant Protections RFI

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As a follow-up to our prior alert, we wanted to provide an update to legislative activities in the region: New Prince George’s County Updated Rent Control FAQs. We continue to receive many questions regarding the...more

Ballard Spahr LLP

Prince George's County - Rent Control Update

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As a follow-up to our recent alerts, the Prince George’s County Council in Maryland held a public hearing Tuesday, April 25, and approved CB-51-2023, An Emergency Act Concerning Landlord Retaliation for Rent Stabilization...more

Harris Beach PLLC

New York Considering Additional Emergency Assistance for Subsidized and Public Housing

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State Senator Brian Kavanagh and Assembly member Grace Lee are calling for the 2023-2024 New York State budget to include $389 million in funding for the Emergency Rental Assistance Program (“ERAP”). Landlords, public housing...more

Ballard Spahr LLP

Prince George’s County Enacts Rent Stabilization Act, Montgomery County Introduces Two Rent Control Bills

Ballard Spahr LLP on

Summary - The Rent Stabilization Act signed into law by Prince George’s County Executive Angela Alsobrooks restricts County landlords from increasing tenants’ rent above 3 percent over a 12-month period. Separately,...more

Allen Matkins

Sustainable Development and Land Use Update - 2.16.23 #2

Allen Matkins on

A consortium of San Francisco landlords and property owners filed a lawsuit last week challenging the city’s new tax on vacant residences as unconstitutional and a violation of state law. Proposition M, “The Empty Homes Tax,”...more

Allen Matkins

Sustainable Development and Land Use Update - 1.05.23 #1

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California’s Second District Court of Appeal recently affirmed that a shorter 90-day statute of limitations, and not a longer three- or four- year statute of limitations, applies to Political Reform Act (PRA) claims that...more

Cozen O'Connor

Broad Street Brief: New Affordable Housing Development Coming to Grays Ferry, Point Breeze; Landlord Sued by Federal Government...

Cozen O'Connor on

New Grays Ferry, Point Breeze Affordable Housing Development Made Possible by City’s Neighborhood Preservation Initiative- On Monday, city workers and elected officials broke ground on a new development project that will...more

Allen Matkins

Sustainable Development and Land Use Update - December 2022

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The Mercury News – December 6- Just one day after the start of the new legislative session, Senator Scott Wiener announced Senate Bill 4 — the “Affordable Housing on Faith Lands Act.” The bill would remove red tape for...more

Allen Matkins

PropTech Update - November 2022

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With likely recession encroaching, PropTech seen as cost-cutting tool in CRE - Bisnow – October 11 A rolling series of challenges, from the pandemic to labor shortages to an unfolding economic downturn, have increased focus...more

Allen Matkins

Sustainable Development and Land Use Update - May 2022 #3

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State Supreme Court rejects a challenge by landlords to S.F. eviction protection law Bullet San Francisco Chronicle – May 11 The California Supreme Court last Wednesday rejected a lawsuit by the San Francisco Apartment...more

Morrison & Foerster LLP

MoFoREAL: European Real Estate Newsletter (Q3 2021)

Welcome to the latest edition of MoFoReal, our newsletter highlighting recent activities and other developments in MoFo’s European Real Estate team. We hope you enjoy it and would really appreciate your feedback and...more

Cozen O'Connor

Broad Street Brief: Anti-Eviction Programs Extended as City Distributes Millions in Relief and Eyes Permanent Changes to Housing...

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Anti-Eviction Programs Extended as City Distributes Millions in Relief and Eyes Permanent Changes to Housing Policy - Philadelphia’s eviction diversion and rental assistance programs will stay in effect until at least...more

McGuireWoods Consulting

10 Takeaways from Virginia Housing Commission’s April 2021 Meeting

Access to affordable housing remains a challenge in Virginia as in many states. During the 2021 General Assembly session, Virginia adopted a Low Income Housing Tax Credit and initiated several studies, including a deeper look...more

Holland & Knight LLP

D.C. Council to Address Rent Stabilization Program Reform and Expansion Amendment

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Expanding and preserving affordable housing continues to be a top priority for the District of Columbia Council (D.C. Council) at the beginning of the new year. The impacts of COVID-19, particularly the associated job losses...more

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