The build-to-rent (BTR) industry can finally breathe a collective sigh of relief after the passage of the 21st Century ROAD to Housing Act ended months of legislative uncertainty.
The legislation, aimed at cutting red tape and making homeownership more attainable, is now the law of the land after President Donald Trump declined to sign or veto the bill before midnight Eastern time Saturday.
Indianapolis-based apartment developer Milhaus started building an apartment project in Manatee County, Florida, under the state’s Live Local Act after securing its funding earlier this year. It may be one of the few to be built in the county, next to Sarasota, under the law, until lawsuits over a major increase in impact fees are […]
San Diego has spent recent years earning a reputation as one of California’s most aggressive housing builders, streamlining permits citywide. But city leaders hesitated when state law required them to draw boundaries for new housing near neighborhood bus stops. San Diego officials proposed a far tighter map than regional and state regulators wanted. They limited […]
This time last year, California Gov. Gavin Newsom signed a state budget that included sweeping housing reforms that allowed urban residential developers to avoid rigorous environmental reviews. This year’s budget, which Newsom signed on Monday, does not carry the same historic housing reforms as last year. Instead, it is historic for balancing the budget. “For […]
Gov. Ron DeSantis signed the fourth iteration of the Live Local Act on Friday, cementing the state’s commitment to building affordable housing. House Bill 1389 takes effect July 1. It extends state preemption of local zoning rules and closes a loophole that local governments used to discriminate against affordable housing projects with relative impunity. Since […]
While Washington waits to see whether the 21st Century ROAD to Housing Act becomes law by presidential signature, by inaction, by override, or not at all, homebuilders and developers already know the issue at stake does not wait. Here’s how regulatory cost adds up as a chokehold – not a theoretical – in the new-home […]
A fiendishly brilliant advertising copywriter working for Benetton during the “hanging chads” Presidential election controversy in 1992 took a circa-1973 Yogi Berraism and transformed it for a New York City billboard on the heavily trafficked northbound West Side Highway. “It ain’t Oval ‘til it’s Oval!” the message read, as the matter made its way up […]