Northern Virginia Technology Council (NVTC)的动态

Sri Taylor latest for Bloomberg CityLab reads like a quantum physicist's take on urban planning. Boston's juggling a $400M commercial real estate tax shortfall while crime takes an 80% nosedive. It's the urban equivalent of Schr?dinger's cat – simultaneously thriving and dying. Mayor Wu's office-to-residential conversion plan isn't a silver bullet; it's a desperate grab at fiscal alchemy. They're hoping to turn empty office lead into residential gold, all while praying it doesn't transmute their unexpected safety boom into thin air. Taylor's piece lays bare #Boston's addiction to commercial property taxes – a fiscal mono-diet that's left the city nutritionally bereft in the age of remote work. The kicker? This safer, poorer Boston is a riddle wrapped in an enigma, stuffed into a #tax code. Are empty streets safer streets? Or is this just a statistical blip on the road to urban decay? As Taylor implies, Boston's not just balancing a budget; it's rewriting the rules of urban cause and effect. In this fiscal Twilight Zone, the cure might be worse than the disease. https://lnkd.in/gBvsBmPn

2022 and 2023 have seen a variety of amendments to housing laws as additional legislative requirements have been placed on towns, cities, counties, and planning districts across California. These two years have seen the State introducing legislation to improve efficiencies in planning and zoning laws, especially for affordable housing developments. Yet, how do California agencies cope with the additional requirements with teams already stretched??Read More: https://hubs.la/Q02dBlcQ0 #govtech #eplanreview #digitaltransformation

2022 and 2023 have seen a variety of amendments to housing laws as additional legislative requirements have been placed on towns, cities, counties, and planning districts across California. These two years have seen the State introducing legislation to improve efficiencies in planning and zoning laws, especially for affordable housing developments. Yet, how do California agencies cope with the additional requirements with teams already stretched??Read More: https://hubs.la/Q02dcXqL0 #govtech #eplanreview #digitaltransformation

What are the advantages to annexation?? Access to City Services:?Annexed areas typically gain access to a wider range of municipal services, such as water supply, sewage systems, trash collection, and road maintenance. This can lead to improved infrastructure and better living conditions for residents.? ? Lower Utility Rates:??Any property in the annexed area must pay an out-of-City surcharge if using a City of Siloam Springs service, such as water. Once annexed, this surcharge is removed, allowing for a lower overall water or utility bill. Enhanced Public Safety:?City police and fire departments usually provide more extensive coverage and quicker response times compared to rural or unincorporated areas, which may require coordination with county services, such as the County Sheriff. Annexation can lead to increased public safety and emergency services for residents. Improved Roads:?Over time, the City will make improvements to county roads, particularly if unpaved. In the long run annexed areas have better transportation service. Road Clearing:?If there is a snow event, city streets and roads are typically cleared more quickly than rural areas because County Road Department vehicles cover a much larger area, which consequently takes them more time to reach a specific street. Increased Property Values:?Properties within the newly annexed area may see an increase in value due to improved access to services offered by the city. City services and infrastructure can make the area more desirable for potential buyers or investors.? ? Economic Development:?Being part of a city can attract more businesses and commercial development to the area. Cities often have more resources and incentives to promote economic growth, which can result in job opportunities and increased tax revenue.? Voice in Local Government:?Residents of the annexed area gain the ability to participate in city governance, including voting in municipal elections and having representation in city councils or boards. Planning and Zoning Regulations:?Being part of a city typically means being subject to more comprehensive planning and zoning regulations. This can lead to better-managed development and preservation of green spaces and the separation of incompatible land uses through zoning.? Source: https://lnkd.in/dacr_UY5

Analyzing your County's performance is crucial in times of rising inflation. The Citizens for a Better Nassau County commissioned a follow-up study, which has found some interesting insights. Nassau County continues to rely more on residential development than other counties in the state and the region, but the good news is that the county has seen an increase in retail and office development. This has created a more diverse tax base, leading to a modest decline in millage rates since 2016. Interestingly, office occupancies are strong relative to more urban areas, which insulates the county budget somewhat from declining office property values seen in other parts of the country. Although the current economy is facing high uncertainty, development costs, and interest rates, the county is now well-positioned for further industrial development. The Crawford Diamond, southwest of Callahan, and the Wildlight Commerce Park are ready for development and provide the county with the means to diversify its tax base. Please find the attached follow-up study for your review.

Great news for developers and cities alike! Washington State’s tax break for converting office buildings into housing is a step forward in addressing our housing crisis. While these conversions can be financially complex, with limited viable opportunities (according to my developer clients), this incentive is a positive development that could encourage more projects. It’s crucial to remember that while this won't solve the housing crisis alone, increasing the housing supply is essential to improve affordability. I don't love the potential sunset clause if they don't think the program produces enough affordable units. Anything that encourages more housing results in better overall housing affordability. Spokane and Seattle are already exploring this new tool. Let’s see how the Washington State Department of Revenue's final rules shape up. Check out the article in The Columbian – Washington State Standard for more details. #housingcrisis #development #urbanplanning #washingtonstate States Newsroom

The most-read story from the previous week's Developer's Digest?, published by Crain's New York Business, covers office-to-residential conversions gaining traction in New York City as a solution to the housing shortage and office surplus, bolstered by a new state budget tax incentive. The Adams administration has launched a portal on the Department of Housing Preservation and Development's website detailing the program, which starts accepting applications later this year. Projects must begin between 2023 and July 2031 and be completed by December 2039, offering tax benefits lasting up to 35 years based on the project start date. To qualify, conversions must include at least six residential units, with 25% of the units being permanently affordable for households earning up to 100% of the area median income. At least 5% of these affordable units must serve households earning no more than 40% of the area median income, and the overall affordability average must not exceed 80%. Additionally, half of the affordable units must be two-bedroom units or larger, and no more than 25% can be studios. Conversions can occur citywide, with more substantial tax benefits for projects in Manhattan below 96th Street, where they will receive a 90% tax exemption initially, decreasing over time. To read more stories like this and to stay on top of the most recent news from the development world, subscribe to our Developer’s Digest? using the link below: https://bit.ly/3Qg1qXV #digest #dsa #nyc #weknowzoning #deveopmentsites #developmentnews

#ICYMI: The Chandler City Council has lowered the city's primary property tax rate for the ninth consecutive year to help minimize the impact of increased property values. The one cent reduction brings Chandler's combined property tax rate to $1.0826 per $100 of assessed property value for fiscal year 2024-25, effective on July 1. Other budget highlights that help ensure Chandler offers the right environment for continued development activity and business growth include: ?? Maintaining the lowest combined annual cost of services among Valley cities for water, wastewater, solid waste, property tax and sales tax. ??Investing millions of dollars in infrastructure projects to support streets, parks, public safety, sustainability and other critical areas. For more on starting, relocating, or expanding your businesses here in #ChandlerAZ, contact our economic development team: ?? 480-782-3032 ?? [email protected] ?? chandleraz.gov/ed

Last week, the Supreme Court ruled there is no difference between legislative & administrative permit conditions when it comes to the takings clause. But it's a narrow decision that leaves many future questions. https://ow.ly/kltp50Rhi1B For starters, it doesn't resolve why builders and developers have long argued against "impact fees" like the traffic impact fee imposed on this home built in El Dorado County. What many people don't realize is that school, park, traffic, and fire impact fees can add 10s of thousands to the cost of #housing. These fees, paid for by the builder/developer as a permit condition, become part of the cost of the home with the homeowner paying them plus interest over 30 years. It's easy for local elected officials to tell constituents their making the builders & developers pay for impacts to roads, schools, etc. but they are really just imposing a "hidden" debt on future residents at a time when housing costs are a nationwide concern.