Regulatory Standards, Community Development

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

Cozen O'Connor on 6/8/2021

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

Department of Treasury Releases Proposed Regulations Offering Pandemic Relief to Qualified Opportunity Zone Businesses

Burr & Forman on 4/27/2021

On April 14, 2021, the Department of Treasury (“Treasury”) released proposed regulations (the “Proposed Regulations”) that, if adopted, would allow flexibility for qualified opportunity zone businesses (“QOZBs”) to revise or...more

Office of Planning Introduces First Phase of Amendments to Increase Inclusionary Zoning

Goulston & Storrs PC on 1/22/2021

On January 18, 2021, the Office of Planning (“OP”) introduced its first set of proposed amendments to the Inclusionary Zoning (“IZ”) Regulations to increase inclusionary housing requirements, known as “IZ XL.”...more

Final Regulations Clarify and Liberalize Many Rules Governing Qualified Opportunity Fund Formation and Operations

Seyfarth Shaw LLP on 1/21/2020

Seyfarth Synopsis: On December 19, 2019, the U.S. Treasury issued final Qualified Opportunity Zone regulations (the “Final QOZ Regulations”). Subject to the commentary in the Preamble to the Final QOZ Regulations on circular...more

Conforming the 421-a and MIH Programs

Kramer Levin Naftalis & Frankel LLP on 4/19/2018

Many of our clients have asked us how they can avail themselves of the state’s revamped 421-a tax exemption program — the Affordable New York Housing Program — on a project that is also subject to the city’s Mandatory...more

Banking Agencies Address Disaster Relief for Hurricane Harvey Victims

Ballard Spahr LLP on 9/1/2017

Several federal agencies have issued reminders and requirements related to banking and credit services for borrowers affected by Hurricane Harvey. We previously reported on mortgage-related guidance issued by Fannie Mae,...more