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 350
article thumbnail

‘Abandoned’ Bay Area land will be developed into housing

Housing Wire

Encinal Terminals, a 32-acre plot of land that formerly operated as a shipping terminal on the north side of Alameda, California, will be developed into a new housing development in an effort to bolster the supply of one of the most expensive areas in the country. Newsom signed the bill into law on July 27.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.

article thumbnail

Jennifer Watson Laws promoted to HW Media’s Senior Vice President of Sales and Operations

Housing Wire

Clayton Collins, Founder and Chief Executive Officer, and Diego Sanchez, Chief Operating Officer, of HW Media , are proud to announce the promotion of Jennifer Watson Laws to Senior Vice President of Sales and Operations. Watson Laws was also named as one of Folio’s Top Women in Media in 2020. states Watson Laws.

Law 363
article thumbnail

Proposed VA appraisal law looks to even the playing field

Housing Wire

Meanwhile, the Department of Housing and Urban Development (HUD)recently extended its timeline for allowing desktop appraisals for certain transactions impacted by the pandemic. ” The post Proposed VA appraisal law looks to even the playing field appeared first on HousingWire. The policy now expires on December 31, 2022.

Law 397
article thumbnail

Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

HOA 485
article thumbnail

Florida’s New Affordable Housing Law

Lamacchia Realty

Last week, the state of Florida finalized a new comprehensive affordable housing law which will infuse over $700 million into housing and make it easier to build new housing with zoning changes and tax breaks. Removes a provision in current law that would allow local government to impose rent control in certain circumstances.

Law 63