Colorado is Thinking Creatively on Ways to Address its Workforce Housing Crisis

School is finally out for the summer.  With that comes less traffic, more out of office messages, and possibly some much-deserved time off.  Last year, I visited Park City, Utah and kept saying, “wow, I understand why people want to live here!”  That’s when my real estate agent friends pointed out that even as a partner at a law firm, I still might not be able to afford to live in Park City or the surrounding areas.  That blew my mind!  It also got me thinking about how if I couldn’t afford to live there, teachers, firefighters, and ski instructors certainly could not either. 

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The EU Gigabit Infrastructure Act (“GIA”)

It promises a lot but received mixed views: the GIA[1] will be fully applicable from 12 November 2025 and only time will tell if it can deliver in creating a regulatory environment for faster, cheaper, and simpler rollout of Gigabit networks, addressing hurdles like expensive and complex procedures for network deployment. This paper provides a summary of the main takeaways.

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REAL ESTATE CONSIDERATIONS FOR WORK FORCE HOUSING

Houses under construction with machinery in foreground.

I always thought that we could benefit from a high school course on real life skills.[1] Things like “how to build your credit,” “how to calculate your taxes,” and “what portion of your income should be used for housing” would be taught in the class. The percentage of renters in the United States that are now considered “rent-burdened” (those paying more than 30% of their income towards rent[2]) has steadily increased over the years from 41% in 2001 to 49% in 2021.[3] Meanwhile, new housing construction has continued to fall short of demand with the United States’s housing deficit estimated to be nearly 4 million homes. Thus, the drive to develop and grow workforce housing has grown, but still faces many challenges to succeed. Whether you’re a developer, investor, or potential resident, understanding the unique considerations surrounding workforce housing is essential.

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LIHTC – It’s Not the Only Way to Finance Housing Projects.  Benefits of Tax-Exempt Financing Work Force Housing Projects

A few months ago[1] Bob Labes and I wrote a blog post about the $78 Billion Tax Bill that includes affordable housing help by reducing the tax-exempt financing requirement for a developer to receive the 4% low income housing tax credit (4% LIHTC) by 40% for a limited time only.  This got us thinking about how scarce the state allocation of volume cap is in some states and what if a developer still cannot obtain an allocation of volume cap for its project.  Is the developer out of luck?  Are there any other options?

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Supply Chains Are The Next Subject of Cyberattacks

The cyberthreat landscape is evolving as threat actors develop new tactics to keep up with increasingly sophisticated corporate IT environments. In particular, threat actors are increasingly exploiting supply chain vulnerabilities to reach downstream targets.

The effects of supply chain cyberattacks are far-reaching, and can affect downstream organizations. The effects can also last long after the attack was first deployed. According to an Identity Theft Resource Center report, “more than 10 million people were impacted by supply chain attacks targeting 1,743 entities that had access to multiple organizations’ data” in 2022. Based upon an IBM analysis, the cost of a data breach averaged $4.45 million in 2023.

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The USDA’s ReConnect Program Is Back in the Broadband Infrastructure Funding Picture—and at a Critical Time

Double exposure the city and clouds technology,Futuristic computer digital Abstract  background. Big Data Concept

While the BEAD Program continues to garner most of the attention when it comes to federal funding for broadband infrastructure deployment programs, in this blog we have consistently underscored that (1) there are other sources of funding available and (2) the BEAD Program may not be the best fit for every entity and project. The recent publication of the Notice of Funding Opportunity (NOFO) for the fifth round of the ReConnect Loan and Grant Program (the “ReConnect Program”) highlights the opportunities beyond the BEAD Program and the importance of investigating other opportunities. The application window for the ReConnect Program, which opens on March 22, 2024, was extended to May 21, 2024.

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The European Commission Publishes a New Master Plan for Europe’s Digital Infrastructure

The European Commission’s white paper “How To Master Europe’s Digital Infrastructure Needs?” is different from any previous Commission’s proposal in this sector. It is a holistic overview of the opportunities and challenges facing the EU communications industry at the crossroads of a complex converged ecosystem. The Commission invites comments on its proposals through an open consultation until June 30, 2024.

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White House Issues Executive Order to Strengthen Cybersecurity at US Ports

On February 21, 2024, the White House issued an executive order implementing various measures to bolster the security of US ports by expanding the US Coast Guard’s authority to regulate maritime cybersecurity, requiring the reporting of cyber incidents and investing in the US port critical infrastructure.

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House Passes $78 Billion Tax Bill that Includes Affordable Housing Help

Houses in various stages of construction.

How long is something called a “crisis” before it just becomes the “new normal?”  It is apparent there has been an affordable housing crisis in the United States for decades.  One way that the federal government has addressed this is by motivating developers with the 9% Low Income Housing Tax Credit (the “9% LIHTC”) and the 4% Low Income Housing Tax Credit (the “4% LIHTC”) that a developer can receive for building a “qualified low-income building” described under Section 42 of the Internal Revenue Code of 1986, as amended (the “Code”). 

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The End of “Chevron” or Its Rebirth?

Fishermen in the small town of Cape May, New Jersey, are at the epicenter of a legal challenge that could reshape the landscape of agency authority. The fishermen are challenging the entrenched “Chevron” doctrine, which for years has afforded deference to government agencies with respect to reasonable interpretation of ambiguous statutes. Once again, the US Supreme Court (SCOTUS) is in the spotlight as it hears pivotal cases – Relentless v. Department of Commerce and Loper Bright Enterprises v. Raimondo, which may presage the dismantling of “Chevron”.

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