Qualified Opportunity Zone Fund Investments
We continue to track important legislative and regulatory proposals and changes in the region. Our most recent prior Alert discussed rent control efforts in Maryland, changes to the Low Income Housing Tax Credit program,...more
Regulation of the multifamily industry appears to be continuing. Our most recent Alert discussed Maryland Governor Moore’s proposals for the Renters Rights and Housing Stabilization Act of 2024; rent control updates; our Rent...more
As a follow-up to our recent alert, here are some updates on regional and national legislative activity impacting real estate...more
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
With newly available federal money, the State of Iowa rolled out another program to provide rental assistance to Iowans and otherwise prevent homelessness by preventing imminent eviction. This newest program is targeted to...more
On Friday, December 4, Governor Reynolds announced financial assistance for low-income Iowans who are at imminent risk of eviction and individuals who have lost housing. The Governor’s press release is below...more
As documented in numerous studies, the brunt of COVID-19’s impact has fallen most heavily on racial and ethnic minorities who have suffered higher hospitalization and mortality rates as well as unprecedented levels of...more
In the wake of the July 24 expiration of the 120-day moratorium on residential evictions in the Coronavirus Aid, Relief, and Economic Security (CARES), the U.S. Centers for Disease Control (CDC) issued an order (CDC order)...more
On Tuesday, September 1, the Trump administration announced an order, put forward by the Centers for Disease Control and Prevention, that claims to suspend residential evictions through the end of the year for many tenants...more
The Texas Supreme Court has extended the moratorium on residential eviction procedures for CARES Act applicable residences until September 30, 2020, offering a few more weeks of relief to certain renters as the economic...more
South Carolina enacted a state low income housing tax credit on May 14, 2020... The South Carolina State Housing Finance and Development Authority (SC Housing) is required to issue an eligibility statement in order for a...more
On May 1, 2020, in Winston Affordable Housing, LLC v. Roberts, the North Carolina Supreme Court clarified the law surrounding a landlord's acceptance of rent after issuing a non-renewal notice because of the tenant's breach...more
LOCKOUTS Can I be locked out of my home during the COVID-19 emergency? No. On March 19, 2020, New Jersey Governor Philip Murphy issued Executive Order 106, which immediately suspends evictions throughout the state. This...more
As part of his last legislative act of 2019, Governor Newsom signed 18 housing-related bills into law in an attempt to alleviate California’s housing crisis. This package included Senate Bill (“SB”) 329, which prohibits...more
A number of questions have arisen concerning the impact of the recently adopted Housing Stability and Tenant Protection Act of 2019 (HSTPA) on the Section 421-a Tax Exemption Program. HSTPA (Chapter 36 of the Laws of 2019)...more