News & Analysis as of

Tenants 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

Orrick, Herrington & Sutcliffe LLP

NYDFS issues guidance insurers regarding discrimination in affordable housing market

On June 24, Gov. Kathy Hochul announced guidance issued by NYDFS in Circular Letter No. 6 (2024) informing insurers and related parties that, under the new Insurance Law § 3462, making coverage decisions based on a property’s...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

Allen Matkins

Sustainable Development and Land Use Update 2.22.24

Allen Matkins on

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

Cozen O'Connor

Cozen Cities - February 14, 2024

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BOSTON — City Leading AI Industry- Boston-area companies are leading in the development of new artificial intelligence (AI) and managing data for AI use. A new report estimates that Boston’s expertise in tech and health...more

Harris Beach PLLC

New York Affordable Housing Leases Now Allow Termination for Violent Acts by Tenants

Harris Beach PLLC on

The New York State Association for Affordable Housing (NYSAFAH) and its fellow partners successfully lobbied with the NYS Housing Trust Fund Corporation to modify its standard Housing Trust Fund lease. Section 20 of the...more

K&L Gates LLP

BTR Series Part 7: Residential Sector—Impacts on the Home Ownership Market and Other Sectors Such as Retirement Living

K&L Gates LLP on

In Part 7 of our build to rent (BTR) Series, we take a look at the current BTR market in Australia and the potential impacts of BTR developments on the residential sector....more

K&L Gates LLP

BTR Series Part 6: Residential Tenancy Benefits - What Are the Benefits to Occupants?

K&L Gates LLP on

It is common understanding that the Australian Government has historically resisted policy changes to reduce tax barriers to a successful build-to-rent (BTR) sector, for fear of being viewed as favouring institutional and...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

Stevens & Lee

New Jersey’s First Hospital-Based Supportive Housing Opened Via Pioneering State Partnership Program

Stevens & Lee on

On July 10, 2023, St. Joseph’s Health and the New Jersey Housing Mortgage and Finance Agency (NJHMFA) celebrated the opening of Barclay Place in Paterson, NJ. Barclay Place is a 56-unit housing community where supportive...more

Ballard Spahr LLP

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

Ballard Spahr LLP on

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

Ballard Spahr LLP on

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

Harris Beach PLLC on

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

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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

Cadwalader, Wickersham & Taft LLP

Biden-Harris Administration Issues White Paper Addressing Tenants’ Rights

On January 25, 2023, the White House Domestic Policy Council and National Economic Council published a Blueprint for a Renter Bill of Rights (the “Renter Bill of Rights”) on behalf of the Biden‑Harris Administration (the...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

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...

Cozen O'Connor on

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

Jones Day

Mapping Out Rental Controls Across Europe

Jones Day on

The term "Rent Controls" refers to measures designed to restrict the amount of rent that a landlord can charge a tenant for residential premises. Rent control measures appear in various forms across Europe, ranging from...more

Coblentz Patch Duffy & Bass

California State Ballot Includes Major Property Tax, Rent Control Measures

While the focus in November is on the top of the ticket, Californians also face a long list of ballot measures. Here we focus on three major measures that impact California real estate: Propositions 15, 19 and 21....more

Holland & Knight LLP

California's 2021 Housing Laws: What You Need to Know

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As California's housing supply and homelessness crisis continues to worsen, the state Legislature has for the past several years passed numerous pieces of housing legislation in each legislative session. ...more

Burr & Forman

South Carolina Housing Issues State Low Income Housing Tax Credit Policies

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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

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