Home Builders & Remodelers Association of Massachusetts (HBRAMA)’s Post

Florida’s legislature took a big step forward in solving the state’s housing affordability woes when it passed the Live Local Act in 2023. One year since the bill became law, real estate developers are tapping into the new policy and fast-tracking the creation of higher quality affordable housing. Learn more about how #Florida’s Live Local Act is raising the bar for housing ➡️ bit.ly/LLASMS

The Wall Street Journal gets it right in an Op-Ed published this week. With housing supply and affordability at historically-challenging levels policymakers should be encouraging and incentivizing new housing development and investment, not creating barriers that restrict the building of new homes and flow of needed capital. “Against the backdrop of a national shortage of affordable housing, due in large part to government policies, California lawmakers want to restrict corporate investment in single-family rental properties. This would make the Golden State’s housing affordability crisis worse….[these] proposals would force financial capital out, reduce the future stock of rental housing and increase rental prices.” #NRHC #SFR #BTR #Housing #Affordability

The prospective housing deal in New York's budget, unsurprisingly, does not include any growth mandates. Leaving them out was likely necessary to get to any deal at all, but New York should not give up on the policy if it really wants to ramp up its housing supply. Read more in my latest column for Crain's New York Business. https://lnkd.in/ey9jhmi7

In our continuing series on the affordable housing levy (AHL), we compare the current situation to a game of chess, emphasizing the strategic moves and the administration's effectiveness in addressing the issues raised by the High Court. We highlight the impressive turnaround time, from the High Court's declaration of AHL's unconstitutionality on 28th November 2023, to the tabling of the affordable housing bill (Bill) in Parliament on 7th December 2023, the commencement of public participation on 9th December 2023 to 28th December 2023, and the Bill's passage by Parliament on February 22nd 2024. We highlight the Senate's current consideration of the bill and the upcoming public submission process. This timeline despite a case challenging the Bill's public participation which was thrown out and Parliament's recess from 8th December 2023 to 12th February 2024 which suggests that the reintroduction of the levy is imminent. Read on to understand the Bill’s potential impacts.

On September 19, 2024, Governor Gavin Newsom approved Assembly Bill 1893, which significantly modifies the “Builder’s Remedy” under the Housing Accountability Act, effective January 1, 2025. Read more about it here: https://hubs.li/Q02QxPsd0 Authors: Caroline Guibert Chase and Jordan Wright #AB1893 #Housing #HousingAccountabilityAct

#TaxAlert 🔔 In Part Three of the affordable housing levy series, we continue with the Introduction of the Affordable Housing Bill 2023. In this article we shall provide an analysis of the Bill's provisions and offer our recommendations in this piece.  #affordablehousinglevy

It's always a pleasure to participate in open and honest discussions regarding Massachusetts and it’s economic viability and wellbeing.   It is also important to be a housing advocate and understand the complexities of keeping our state economically competitive as other states ramp up their efforts to recruit our best and brightest talent.   Having copious amounts of high quality and affordable housing is must to keeping our residents happy and thriving here in our state.    SPOA Housing Policy Series Episode 5 is now out, "How Competition Fuels Housing Affordability."   The conversation focused on the business environment in Massachusetts and misguided policies that can often lead to individuals and companies to relocating to states offering lower taxes and fewer regulations. We also explore the contentious transfer tax initiative among other risks facing property owners, including energy policies and strategies to enhance housing affordability, aiming to draw both people and businesses back to Massachusetts.   Thank you to Amir Shahsavari for moderating, as well as Allison Drescher (SPOA President) and Jay Ash (former secretary of Housing and Economic Development for Massachusetts) for participating alongside me.  Please let me know your thoughts in the comments! #BostonApartments #BostonRealEstate #HousingAffordability #HousingRegulation #TransferTax #HousingPolicy #MostApartments #MostListings #MostKeys #MostLandlords #MostRealTimeData #MostTrusted #BostonPads

The affordable housing crisis discussion has to include this info:

This is where Tax Payers $$$ are going to dodgy companies #construction #builders #noconsumerprotection #finanicialruin #dodgybuilders #corruption #lawyers #surveyors #architecture #interiordesign #interiordesign #building #renovation #constructionmanagement #constructionindustry #Business #Safety #waterproof #Change #Property #Development #Regulation

Guyleen Castriotta and Jan Kulmann, mayors of Broomfield and Thornton, address the pressing issue of housing affordability in Colorado, emphasizing the critical role of "middle housing," particularly condos, in bridging the affordability gap. The mayors advocate for legislative reforms to encourage condo construction, reduce insurance costs, and streamline dispute resolution processes. They call for collaborative efforts between local governments and legislators to address these issues and ensure access to affordable homes for all residents. Read more: https://lnkd.in/eskHzgmT #MiddleHousing #BuildTheMiddle