Argyro Boyle’s Post

The Michigan State House of Representatives experienced a significant uptick in 'residential rental' & 'landlord/tenant relationship' related bills brought to the floor in 2023. These proposed measures, varying in both scope & impact, not only pose a challenge for landlords looking to mitigate their financial risk, but could also affect the overall well-being of their current tenant make-up. When analyzing what has been presented ~ it brings significant question to how landlords would (or if they even should) interact with prospective tenants altogether. A brief summary of the Michigan State House bills put forth & aimed at influencing housing-rental practices: 1. House Bill 4062 & 4063: Make it illegal for landlords to consider income sources in rental decisions (unless obtained illegally), language added to make it easier for tenants to sue property owners. 2. House Bill 4818: Ban the use of a renter's credit score as a deciding factor in rental decisions, adding a controllable criterion to existing anti-discrimination laws. 3. House Bill 4891: This bill mandates landlords to refund rental application fees if applicants are denied and simplifies legal action against property owners for violations. 4. Senate Bills 408 & 409: Restrict landlords from garnishing funds from government benefits and impose new regulations on creditors, making it harder to collect owed money. 5. House Bill 4919: Aims to define "rights" for homeless citizens, potentially leading to lawsuits against local governments. It grants homeless individuals the "right" to access public spaces freely. 6. House Bill 4878: Prohibit landlords from considering criminal records when renting property, except for specific serious offenses, and introduces a complex appeals process with legal consequences for non-compliance. Despite the potential for significant changes in landlord behavior, media coverage often fails to thoroughly analyze these developments. As these bills move through the legislative process, concerns grow about landlords being less willing to offer rental housing to low-income residents. Some may turn their attention to the higher-end rental market, while others may consider leaving the residential rental sector due to perceived increased risks. One thing that always reigns true ~ you can expect any shift in market pricing and availability to be passed along to those who reside within. #cre #commercialrealestate #commercialdevelopment #landlordtenant #michiganbusiness #landforsale #michigan #michiganhouse #constructionmanagement #michiganpolitics #apartmentinvesting #michiganstatereps #apartmenthousing #landlords #tenants #michiganrealestate #housingrights #renting #leasing #michiganLaw #RentalProperty #squatter #bill #commercialrealestatebroker #michiganbroker Thomas Duke Company Michigan House of Representatives Michigan Economic Development Corporation

At Atlanta Volunteer Lawyers Foundation (AVLF), we have long witnessed the devastating impact of skyrocketing rental rates on Atlanta’s most vulnerable communities. President Joe Biden’s recent announcement of his plan to cap rental rate increases marks a significant and promising step toward addressing the housing affordability crisis that affects so many of our clients. Our mission at AVLF is to ensure safe and stable homes for all Atlantans, and this federal initiative aligns with our goals by promoting fair and reasonable rent. A five percent cap on rental rate increases can provide essential relief to renters who are struggling to make ends meet, helping to prevent evictions and homelessness, and fostering more equitable housing opportunities. While we recognize that this policy is just one piece of the puzzle, it is a crucial measure in the broader effort to create sustainable and just housing solutions. We commend President Biden for taking bold action and urge bipartisan policymakers at all levels to continue prioritizing housing stability and affordability. AVLF remains committed to advocating for renters' rights and supporting initiatives that protect and empower our communities. We look forward to working with our partners to ensure that these policies are implemented effectively and benefit those who need it most. https://lnkd.in/eMH6nrjb

In a developing story, tenants from a building in the Sunnyside neighborhood of Queens received notice last week that their temporary housing arrangements would be extended. This announcement marks a key moment in an ongoing battle between the real estate company and residents seeking housing following a catastrophic fire that rendered the building uninhabitable. Between the loss of personal belongings and the cost of temporary housing, this ordeal has racked up millions of dollars in damages. In many cases like this, renters insurance can help relieve financial burden for you and your tenants by covering the value of lost possessions and additional living expenses. Learn how CheckMy Resident can ensure that your residents have the right protections in place with automated insurance verification and monitoring. https://hubs.ly/Q02FSCqC0 #insuretech #propertymanagement #insuranceverification #rentersinsurance #fire #nyc #queens

Landlords of rent-stabilized buildings in New York City have faced challenges, including new regulations, an eviction moratorium, rent arrears, and increased expenses. Industry leaders sought relief in the Supreme Court, New York State Capitol, and City Hall. They challenged rent stabilization's constitutionality but were denied by the Supreme Court. Rent control for vacant units makes NYC an outlier. Rent increases lag behind expenses. COVID worsened rent arrears. Proposed legislative initiatives aim to address these issues. The decline in the value of rent-stabilized properties is impacting the lending markets. The approaching expiration mortgages in 2024 may lead to a rise in property sales, while disruptions could hinder property maintenance and have adverse effects on residents in rent-stabilized units. It's crucial to find common ground between tenants and property owners to ensure housing stability. Shimon Shkury #NYC #RentStabilization #HousingRegulations #SupremeCourt #RentArrears #HousingMarket #TenantProtection #Legislation #PropertyValues #MortgageMaturities #TenantRights #AffordableHousing

I interview Peter Southwick, a Trustee of the Bridge Housing Trust in the Waikato, on their land trust model for affordable home ownership. We discuss how this model works, could be replicated around the country, as well as what levers need to be pulled to make it happen. Bridge Housing Trust has replicated the successful “Secure Home” model from the Queenstown Lakes Community Housing Trust (QLCHT) where the cost of the house to buy does not include buying the land. Instead, the Trust holds the land for the wider community to always be able to offer affordable housing in perpetuity.  What is different about Bridge Housing Trust is that, unlike QLCHT which was initiated by the District government, it was kicked off by a philanthropist who wanted to make his land available for affordable housing and so formed a Trust to be able to hold ownership of that land.I asked Peter what he believes are the leverage points and what he would do for housing if he had a magic wand. Actually, what we realised is that it doesn’t take magic to create better housing outcomes but it does take the more powerful role players of central and local government, financial institutions, big industry employers, and land-owning philanthropists to be bold, proactive, collaborative and then invest in and enable these tried-and-tested housing models. For more information on Bridge Housing Trust and to see images and more stories, visit their website at: https://lnkd.in/eUV7tPmb Zola Rose is a consultant with Common Ground, supporting local councils, communities and stakeholders to enable affordable, connected and resilient communities To get regular inspiration, resources, and updates on the topics of affordable, connected, resilient, and community engagement for regenerative housing communities, keep in touch: Visit the Common Ground website, sign up for our newsletter, get the many resources we offer there, book a meeting with me, engage our services for your project, and more…: https://lnkd.in/giGyFJD7 If you’d like to be a guest or sponsor of the show, go to this link: https://lnkd.in/gkyG5_VY Follow us on our Common Ground Facebook page.  Our Instagram is commongroundaotearoanz. 

RENTERS REFORM BILL 23 October 2023   Michael Gove gave thanks to Shelter and National Residential Landlords Association (NRLA) and proceeded to announce that the abolition of section 21 will still go ahead but only when the court system is fit for purpose.   Because of this delay and being so long coming into force a lot of landlords have served section 21 notices to tenants to sell and/or turn their property in Air BnB which has proved more profitable since the Section 24 came out for landlords.   Michael Gove states there is an increase to the Private Rented Sector (PRS) and no evidence that the abolition of Section 21 and enhancement of Section 8 will lead to the reduction in a number of homes in the PRS.   Getting rid of section 21 means that a weapon used by unscrupulous landlords can no longer be in their hands.    There is an extensive range of provisions under Section 8 that they are outlining, they are anti social behaviour being dealt with more effectively by making it mandatory grounds for removing a tenant and dealing more effectively with rent arrears with unscrupulous tenants playing the system.    If you wish to occupy your property, have a relative live there or do extensive works then the landlord can do so, this is when Section 21 has ceased to exist.   It was mentioned first off that the student market which operates in a different way will be regulated separately and the landlord portal was mentioned but no more was said.   PRS is said to be 19/20% of housing stock and want to give landlords the right to address anti social behaviour, tenants in arrears and other factors so the landlord can secure their property back.   Jeremy Corbyn stressed about rent control as people are being forced out of their areas.   Michael Gove came back with rent control has been proven to reduce supply and would only increase rents and reduce the capacity of people to live in the PRS. Rent control would drive landlords out of the market.   Michael Gove went on to say that a healthy private rented sector is in all our interests. Landlords and tenants have a new deal and a fair deal. So really not much has changed from the last few months except that we now know that there will be no rent control and Section 21 eventually cease to exist. What I would like to know now is how are they going to get the courts up to date with evictions? It has been said anything from 6 months to a year to evict a tenant at the moment. I think we are in for a long wait for this bill to come to fruition. #plymlets #propertyuk #landlordsuk #plymouthuk https://lnkd.in/ea7jRnd6

Over three years post-pandemic, rent-stabilized tenants in NYC remain around $1 billion in rent arrears, per a survey by landlord advocacy group, Community Housing Improvement Program (CHIP). The survey, conducted in late September, involved approximately 78,000 rent-stabilized units and found that 93,500 tenants were over three months behind on rent. The back rent situation is exacerbating financial strains on rent-stabilized buildings, with a substantial delay in housing court proceedings contributing to the crisis. CHIP suggests several measures like ending pandemic-related eviction stays and introducing a temporary property tax freeze for affected buildings. Despite efforts like the Emergency Rental Assistance Program (ERAP), which disbursed about $3.1 billion in rent aid but ceased new applications due to fund shortages, the issue persists. The ongoing court delays, largely a result of mandated stays from the rent-relief program, are part of collaborative attempts to alleviate the back rent issue, aiming to assist both tenants and landlords. #RentStabilization #RentArrears #NYCHousing #PandemicImpact #HousingCrisis #CHIPSurvey #EmergencyRentalAssistance #EvictionStay #PropertyTaxFreeze #TenantRelief #LandlordAdvocacy

Why were we evicted? I had to ask the new tenant to find out – and the reason cuts to the heart of the UK’s housing crisis https://lnkd.in/e3d2keuW #Property #HousingMarket #Rentals #Evictions