Legally Speaking Archives

The Housing Opportunity Through Modernization Act (HOTMA) introduces significant changes to many aspects of multifamily programs through amendments to certain sections of the United States Housing Act of 1937.

There are many considerations that go into the design of housing.

Developers across the country are discussing Florida’s new law, the Live Local Act (the Act). Many developers are discussing the Act’s zoning preemption provisions and its Missing Middle property tax exemption, which provide incentives for renting to individuals or families with incomes at or below 120 percent of the median annual adjusted gross income (AMI) for households within the metropolitan statistical area, or within the county in which such person or family resides.

Succession is not just a challenge of the C-suite.

As financing of affordable housing projects becomes more complex, ironing out the tax issues can make you appreciate today’s casual dress code.

Federal tax credits under the Low Income Housing Tax Credit program continue to be one of the most important tools for developing affordable housing in the country.

Given the recent focus on energy and climate policy nationally, as exemplified by the Inflation Reduction Act establishment of the Greenhouse Gas Reduction Fund and expansion of many clean energy and energy efficiency tax incentives, many multifamily property owners and developers are looking at greening their projects and including solar and energy efficiency improvements.

There is a subset of affordable housing multifamily apartment complexes referred to as Mark-to-Market (M2M).

The nationwide shortage of affordable housing continues to make headlines. For low-income individuals seeking affordable housing, waitlists are hundreds—in some cases, thousands—of names long.

Years ago, while moderating a session at the National Housing & Rehabilitation Association’s Summer Institute on Martha’s Vineyard and faced with an audience far more interested in the then ongoing TV coverage of the Summer Olympics than “Year 15” issues, I analogized my affordable housing panelists to the “Dream Team.”