News & Analysis as of

Residential Property Owners Real Estate Development

Barnea Jaffa Lande & Co.

Significant tax benefits for owners of long-term rental buildings

Owners of buildings designated for long-term rentals are entitled to significant tax benefits that are being granted in order to encourage the construction of buildings that include residential apartments earmarked for...more

Holland & Knight LLP

Zoning Change Allows Conversion of Ground Floor Nonresidential Uses to Residential Uses

Holland & Knight LLP on

As discussed in previous Holland & Knight alerts on Dec. 10 and Dec. 18, 2024, New York City recently made comprehensive changes to its Zoning Resolution, known collectively as City of Yes for Zoning for Housing Opportunity...more

Sheppard Mullin Richter & Hampton LLP

San Francisco Further Incentivizes Residential Conversion Projects by Waiving Development Impact Fees

In a further effort to revitalize and reimagine its downtown core, San Francisco’s Board of Supervisors has passed and the Mayor has signed legislation exempting certain residential conversion projects from development impact...more

Winstead PC

An Unanticipated Complication of Investing in SFR: Investors Sometimes End Up Being HOA Managers

Winstead PC on

Build-to-Rent (“BTR”) is a subsector of Single Family Rentals (“SFR”). As a subsector of SFR, BTR occupies a unique space within the U.S. residential rental market. The broader category of SFR includes scattered homes for...more

Bricker Graydon LLP

[Event] Uniting for Action: A Discussion About Collaborative, Public Finance-based Solutions for Increasing Housing in the...

Bricker Graydon LLP on

Speakers from Ohio REALTORS, the County Commissioners Association of Ohio, Bricker Graydon LLP, and the public and private sectors will share insights on successful public-private partnership models involving public finance...more

Saiber LLC

Bill in New Jersey Assembly Could Allow Single-Stair Exit Stairwell in 4-5 Story Residential Buildings

Saiber LLC on

A Bill first introduced by the New Jersey Assembly Housing Committee in October, and recently approved by the Committee to be considered by the full Assembly for a vote, could potentially permit single exit stairwells in...more

Adler Pollock & Sheehan P.C.

Historic Housing Bill Changes Residential Zoning Law in Massachusetts

On August 6, 2024, Governor Maura Healey signed into law, the Affordable Homes Act, (H.4977) authorizing nearly $5.16 billion in spending over the next five years with approximately 49 policy initiatives to counter rising...more

Bilzin Sumberg

A Key Deadline and Other Developments Looming for Condominiums

Bilzin Sumberg on

As we approach the end of 2024, several legal and economic developments are coming to a head for condominiums. From a key statutory deadline and long-awaited court rulings to an imploding market for older condominium units,...more

Bennett Jones LLP

Fair Market Value—What Does it Mean?

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In the world of real estate, it is common to use fair market value (FMV) as a way of describing the value of real estate or rents payable. However, perhaps not often considered is the issue that the term FMV can mean...more

Bricker Graydon LLP

[Event] Uniting for Action: A Discussion About Collaborative Solutions for Northeast Ohio’s Housing Future - November 1st,...

Bricker Graydon LLP on

Local and state elected officials, community stakeholders, private developers, and employers are grappling with Ohio’s recognized lack of high-quality, workforce-attainable housing options. While Ohio has been successful in...more

Bricker Graydon LLP

[Event] Uniting for Action: A Discussion on Collaborating Solutions for Central Ohio’s Housing Future - October 18th,...

Bricker Graydon LLP on

Local and state elected officials, community stakeholders, private developers, and employers are grappling with Ohio’s recognized lack of high-quality, workforce-attainable housing options. While Ohio has been successful in...more

Nutter McClennen & Fish LLP

2024 Massachusetts Affordable Housing Bill Includes Provisions Intended to Promote Residential Housing Construction: What You Need...

The Massachusetts Affordable Homes Act (H. 4977), signed into law on August 6, 2024, includes provisions intended to promote residential housing construction. These provisions: (1) require municipalities to permit accessory...more

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

Seyfarth Shaw LLP

House Representatives Introduce Bipartisan Bill to Facilitate Residential Conversions of Buildings

Seyfarth Shaw LLP on

On July 12, 2024, a bipartisan bill was introduced in the U.S. House of Representatives titled the “Revitalizing Downtowns and Main Streets Act” (H.R. 9002) (the “Bill”), which, if enacted, will provide an investment tax...more

Bricker Graydon LLP

$100M Mission Point Project Will Create Hundreds of New Jobs Near Wright-Pat

Bricker Graydon LLP on

As Dayton’s defense industry continues to grow, a local developer plans to invest more than $100M in a mixed-use development aimed at attracting defense contractors....more

Stikeman Elliott LLP

Enhanced GST/HST Rebate for Purpose-Built Rental Housing: Latest Developments

Stikeman Elliott LLP on

Incentivizing construction of new rental homes is a key policy priority for Canadian governments. As discussed in an earlier post, the federal Department of Finance issued a news release on September 14, 2023 relating to...more

K&L Gates LLP

Overriding Interest Summer 2024

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Welcome to the latest edition of Overriding Interest. Inside this issue: - New Joiners - Articles of Interest - Events - Case Reports...more

Brownstein Hyatt Farber Schreck

Colorado Enacts Local Right of First Refusal Housing Policy

Legislature Gives Local Governments Right of First Refusal on Affordable Housing and Right of First Offer on Certain Market Rate Multifamily Properties - On the final day of the legislative session, the state legislature...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

Partridge Snow & Hahn LLP

New Slate of 15 Bills Introduced in 2024 Intended to Further Encourage Residential Development

As covered in prior PSH Client Alerts on June 26, 2023, August 22, 2023, and November 27, 2023, this past year included numerous major reforms to the Rhode Island zoning and land development statutes, all aimed at spurring...more

Holland & Knight LLP

D.C. Releases Draft Regulations for the Housing in Downtown Tax Abatement

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The Office of the Deputy Mayor for Planning and Economic Development (DMPED) for the District of Columbia issued draft regulations effectuating the Housing in Downtown Tax Abatement (Abatement) on Jan. 26, 2024. The draft...more

Carlton Fields

[Webinar] Can You Live Local? Benefits and Challenges of Developing Affordable Housing in Florida - January 23rd, 2:30 pm - 3:30...

Carlton Fields on

It's been just a few months since Florida enacted the Live Local Act to boost affordable housing, and developers are already proposing new projects under the new law. In this webinar, our panelists will discuss the...more

BCLP

Ignore at Your Peril! Decoding the Building Safety Act 2022 and What It Means for Those Involved in UK Based Branded Residences...

BCLP on

Historically, the United Kingdom has lagged behind the likes of Dubai, South Florida, New York, Hong Kong SAR and Singapore in the branded residences space, as us Brits have tended to prefer traditional house living. However,...more

Bricker Graydon LLP

[Event] How to Jumpstart Housing Development in Your Community - November 16th, Chillicothe, OH

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Join Bricker Graydon on November 16th for a free half-day seminar on, “How to Jumpstart Housing Development in Your Community.” Speakers will include Bricker Graydon public finance and political subdivision attorneys in...more

K&L Gates LLP

BTR Series Part 9—Navigating the Need for Foreign Investment Approval

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In Part 9 of this series, we take a closer look at the foreign investment considerations for build-to-rent (BTR) projects. In particular, we consider the circumstances where a foreign developer or financier would likely need...more

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