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Why a California law to create housing units hasn’t worked

Housing Wire

When California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single-family homes, supporters and detractors alike fiercely argued that it would have a big impact. SB 9 was designed to inject supply into what is arguably America’s most challenging housing market , but that has yet to happen.

Law 475
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MBA sees risk in new Florida law that gives first-lien priority to PACE loans

Housing Wire

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Law 421
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Boston suburb works to comply with new state multifamily construction law

Housing Wire

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. However, the debate in Newton could be more contentious than in other parts of the state, according to the Globe.

Law 360
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Learn the Law of 3, a strategic tool for real estate leadership

Inman

Take it to the next level with the Law of Three, writes luxury consultant Chris Pollinger, a strategy designed to make your leadership more impactful. You've heard of the Pareto Principle.

Law 180
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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.

Law 367
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New planning tool arrives as California prepares for more accessory dwelling units

Housing Wire

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). All California municipalities are mandated by state law to have a preapproval process for ADU plans by Jan.

Tools 459
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FFIEC issues statement of principles for examining appraisal and valuation bias

Housing Wire

The statement is designed to clarify standards by which entities under the purview of individual regulators violate applicable rules and regulations. Institutions are required to comply with laws and regulations, including anti-discrimination laws,” the statement read.

Valuation 436