Florida legislators passed the Live Local Act in 2023 with the goal of funneling millions of dollars to new affordable housing construction to combat a growing housing crisis. But pandemic-era price spikes forced lawmakers to pivot, redirecting nearly half of the money awarded in the first year to projects already in the works when the law was passed, shrinking the pool of funds for future development. Bisnow/Matt Wasielewski The Florida Housing Finance Corp. has awarded $273M in low-interest...

Two years after Congress passed reforms meant to guard against fraud, the federal bureau charged with overseeing the country’s EB-5 program has yet to roll out a draft of new regulations, but it has threatened to shut down as many as a quarter of the firms that handle investor funds. The future of billions of dollars of foreign investment in U.S. commercial real estate development sits on a knife's edge as the agency that administers the visa program threatens to close the companies that...