Gravel2Gavel Construction & Real Estate Law Blog
President Biden signs a new executive order, investments in digital real estate continue to increase, the real estate industry faces new regulatory scrutiny, and more.
Articles Posted in Real Estate
Build Back Better Includes Historic Expansion of the Low-Income Housing Tax Credit Program
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On November 19, 2021, the U.S. House of Representatives passed the Build Back Better Act (H.R. 5376), a bill that represents a large portion of the Biden-Harris Administration’s agenda. Among other spending and tax measures, the bill includes an unprecedented expansion of the Low-Income Housing Tax Credit (LIHTC) program. Four proposals are headlining this expansion:
Real Estate & Construction News Round-Up 12/01/21
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Investment firms turn their attention towards acquiring digital land, China works to manage its real estate debt, the European Union announces a multibillion-euro infrastructure bill, and more.
Chairman of the Senate Committee on Banking, Housing and Urban Affairs Calls for CFPB Investigation into Tenant Screening Businesses
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Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, has written to newly confirmed Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, asking him to review companies in the tenant screening industry for possible Fair Credit Reporting Act violations and other violations of U.S. laws. The CFPB, for its part, has already published a bulletin alerting Consumer Reporting Agencies (CRAs) and other furnishers of consumer information that, as federal, state and local pandemic-related housing protections expire, the Bureau will be giving greater enforcement focus to these businesses’ compliance with accuracy and dispute obligations under the Fair Credit Reporting Act (FCRA) and Regulation V. While it is still unclear whether Director Chopra will direct the Bureau to investigate specific businesses flagged by Chairman Brown, the tenant screening industry will likely face increased scrutiny in the coming months, which may impact their service offerings and cause interruptions for landlords relying on these businesses and services.
Real Estate & Construction News Round-Up (11/17/21)
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President Biden signs the bipartisan infrastructure bill into law, plants like hemp and algae could help minimize the environmental footprint of high-rise buildings, construction groups sue over the Occupational Safety and Health Administration’s (OSHA) new vaccine rule, and more.
Connection Corner: Joe Rich of The Related Companies
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The Real Estate and Construction industry may be huge, but ultimately, as with all industries, it comes down to the people who help make it all come together. From time to time, we like to profile some of those people.
Joe Rich is CIO and a senior vice president at The Related Companies, an owner, operator and fund manager of real estate based in New York City. Rich has been with Related for five years as the CIO. Prior to that, he was CIO at New York-based real estate developer Tishman Speyer.
Real Estate & Construction News Round-Up (11/10/21)
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The House of Representatives passes the Senate version of the Infrastructure Investment and Jobs Act (IIJA), the construction industry continues to struggle with labor shortages, effects of climate change put the built environment at risk, and more.
Real Estate & Construction News Round-Up (11/03/21)
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Amenity-rich buildings become a key focus in enticing employees back into the office, supply chain links are strained by a lack of storage capacity in warehouses and port areas, green lease signings are on the uptick, and more.
Real Estate & Construction News Round-Up (10/27/21)
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Commercial real-estate sales surge in the third quarter, blockchain-integrated real estate is poised to span into new sectors, a major home builder is teaming with a Texas startup to create a community of 100 3-D printed homes, and more.
‘Spotlight for Good’ Series for Construction Pro Bono Efforts
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Laura LoBue, a Litigation partner in Pillsbury’s Construction Counseling & Dispute Resolution practice, was featured in Building for Good (B4G)’s attorney spotlight series ‘Spotlight for Good,’ which was recently showcased by the American Bar Association’s Forum on Construction Law.
In 2019, LoBue joined Building for Good, launching its services in D.C. and establishing Pillsbury’s ongoing partnership with the organization. LoBue is a significant volunteer resource for Wildflower Schools pro bono projects as they go from conception, through construction, up to operation. In addition, she is a member of B4G’s Development Committee and helps to grow its fundraising platform in the D.C. area. Read LoBue’s full feature here.