News & Publications

Colorado continues to expand on recent legislative efforts to address the state's housing shortage. On May 30, 2024, Governor Jared Polis signed House Bill 1316 to establish a new Middle-Income Housing Tax Credit (the "Middle-Income Credit") with the goal of encouraging private sector investment in affordable housing. This new credit will be administered through the Colorado Housing and Finance Authority (the "Authority") which also oversees the state's Low-Income Housing Tax Credit ("LIHTC"). Credit Overview The Middle-Income Credit [...]

Tornado season is again upon us, bringing with it the threat of catastrophic property damage, upended lives, and interrupted businesses—as many multifamily developers and investors know all too well. In a prior post, our team outlined a few helpful tips for handling the insurance and claims process following a casualty event. However, that's only a piece of the puzzle. Multifamily developers will also need to carefully examine certain key documents to understand their rights and obligations [...]

On April 12, 2024, Justice Amy Coney Barrett delivered the U.S. Supreme Court's opinion in Sheetz v. County of El Dorado, California, 601 U.S. 267, 144 S. Ct. 893 (2024). Sheetz concerned El Dorado County's imposition of $23,420 in traffic impact mitigation ("TIM") fees on George Sheetz's permit to site a manufactured home on his property. The County calculated the TIM fees for Sheetz's project based on a legislatively imposed rate schedule that took into account the type [...]