Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year.
Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year.
Despite recent signs of a slowdown in rents, multifamily development continues to move forward in Orange County, with nearly 4,000 units delivered across the county as part of large apartment projects since the start of 2022.
The overall apartment push seen lately in OC was driven by the pandemic, which stalled many commercial product types specifically office, hospitality and retail while shining a spotlight on e-commerce and housing, prompting investors to focus almost entirely on industrial and multifamily construction.
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