News & Analysis as of

Tax Abatement Affordable Housing

Goulston & Storrs PC

City of Boston Office to Residential Conversion Program Extension

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In June, Mayor Wu announced the extension of the City of Boston's Office to Residential Conversion Program with $15 million in additional funding from the state. The program, which formally launched in October of 2023, aims...more

Goulston & Storrs PC

D.C. FY25 Budget Expands CRE Revitalization Initiatives

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The end of June saw the D.C. Council pass the Fiscal Year 2025 Budget Support Act of 2024 and the Fiscal Year 2025 Local Budget Act of 2024. The 2025 budget includes the “Central Washington Activation Conversion Program...more

ArentFox Schiff

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

ArentFox Schiff on

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

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

Akerman LLP on

Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...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

Harris Beach PLLC

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

Harris Beach PLLC on

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

Maynard Nexsen

Greenville County Council Approves New Workforce/Affordable Housing Policy

Maynard Nexsen on

On October 18, 2022, the Greenville County Council approved a new policy which provides incentives for the development of affordable and workforce housing by allowing for credits against a project owner’s fee in lieu of ad...more

Saul Ewing LLP

What Developers Need to Know About New Philadelphia Tax Legislation Affecting Development Projects

Saul Ewing LLP on

Responding to calls from Philadelphia’s housing advocates to generate tax revenue for affordable housing, Philadelphia City Council adopted a trio of ordinances on December 2, affecting most new construction projects...more

Holland & Hart LLP

Nevada Legislative Update - August 2019

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The Nevada State Legislature’s 80th regular session made history with the first female majority in the nation. This session focused on issues such as healthcare, energy, construction, and employment. ...more

Pullman & Comley, LLC

Property Tax & Valuation Topics - Winter 2017

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On September 30, 2016, the Connecticut Supreme Court heard oral argument in Nutmeg Housing Development Corp. v. Colchester. On the face of it, the ad valorem valuation of a garden variety property in the suburbanizing Town...more

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