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The Mount Laurel doctrine is a significant judicial doctrine of the New Jersey State Constitution.The doctrine requires that municipalities use their zoning powers in an affirmative manner to provide a realistic opportunity for the production of housing affordable to low- and moderate-income households.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Garden Homes is an American real estate development company, founded in 1954. Garden Homes owns and manages over 50,000 apartments and over 25 million square feet of retail, office, and hotel space. [1] [2] Garden Homes, and its subsidiaries, offer home rentals in Arizona, California, Florida, New Jersey, New York and Connecticut. [3]
In these 10 cities, from Cleveland, Ohio, to Chicago, Illinois, a high-value home can be yours for under $300,000. Here's what's drawing home buyers to these markets.
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One bill legalizes microapartments as small as 150 sq. ft. and prohibits cities from limiting their numbers near universities or public transit; [137]: 1 another (SB 2) adds a $75 real-estate document recording fee (for everything other than property sales), which is projected to generate $250 million per year for affordable housing construction.
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Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5] Real estate licensing is subject to both the Real Estate Law and the Regulations of the Commissioner, which have the force and effect of law.