Will the ROAD Act change what pencils for multifamily rentals?

Will the ROAD Act change what pencils for multifamily rentals?
While the 21st Century ROAD to Housing Act remains in Oval Office big yawn limbo, its game-changing relevance to multifamily developers, apartment builders, rental housing investors and capital providers is clear. The bill has passed both chambers of Congress by historic bipartisan margins. What it has not yet done is become law. That leaves four […]

California November ballot: a billionaire tax and new local tax limits

California has long been synonymous with high taxes, but new fights over who will pay them are exposing a sharper fault line. The state increasingly reaches for “tax the rich” tools to fund housing and social programs, while anti-tax forces try to constrain those same tools. California’s tax fight is unfolding under a national spotlight. […]

Newsom signs balanced budget with $1.7B locked-in for housing

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 […]

DeSantis signs Live Local 4.0 housing reform into Florida law

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 […]

ROAD work ahead

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 […]

Why hazard insurance is becoming a housing market constraint

Why hazard insurance is becoming a housing market constraint
The U.S. needs a new strategy to address the significant recovery costs following large-scale disasters  Disasters such as fires, floods and tornadoes are striking a widening geographic area across our country, and their frequency appears to be rising. The cobbled-together framework of consumers’ hazard insurance policies, state insurance programs, the national flood insurance program, and […]