article thumbnail

Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. We alleged that the law denies access to housing to people from China and these other countries. The suit was filed on Monday in U.S. District Court in Miami.

Law 301
article thumbnail

Florida affordable housing law that dilutes local power has upset the apple cart

Housing Wire

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government. The process has gone more smoothly in St.

Law 295
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Impact of Zoning Laws and Land Use Regulations on Property Values for Real Estate Investors

Boston Appraisal

In the intricate world of real estate investment, an understanding of local zoning laws and broader land use regulations is paramount. For investors, a nuanced grasp of these legal aspects is essential to navigate the complexities of the real estate market and to capitalize on investment opportunities.

Law 78
article thumbnail

Opinion: Two legal issues relevant to FHFA’s review of FHLB system

Housing Wire

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process. Short-term advances are not so restricted.

Legal 300
article thumbnail

Judge allows bulk of Texas Capital case against Ginnie Mae to proceed

Housing Wire

An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute.

Legal 334
article thumbnail

Challenges and Opportunities in Appraising Mixed-Use Developments

Boston Appraisal

Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. Challenges in Appraising Mixed-Use Developments Complex Valuation Models : Mixed-use properties require appraisers to be adept in multiple valuation methods.

article thumbnail

Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac

Housing Wire

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. In March 2020, the companies entered arbitration. per share.

Contracts 380