Latest news with #KeithMurphy
Yahoo
01-05-2025
- Automotive
- Yahoo
House passes bill reducing parking requirements for housing developments
Housing advocates say parking requirements can hamper and even prevent some housing projects from moving forward. (Photo by Dana Wormald/New Hampshire Bulletin) The New Hampshire House passed a bill Thursday to prevent cities and towns from requiring more than one parking space per housing unit, a move intended to ease burdens on developers and encourage more housing. But in passing the bill, the House made some changes that could create a tussle with the Senate. Under current law, municipalities are capped at requiring 1.5 parking spaces per unit, or three for every two units. As originally introduced by Sen. Keith Murphy, a Manchester Republican, Senate Bill 284 limited municipalities from mandating more than one parking space but included some exceptions. For developments containing 10 units or more, or for one-bedroom and studio apartments that qualify as workforce housing, cities and towns could continue requiring 1.5 parking spaces. In April, the House Housing Committee proposed an amendment to Murphy's bill that would remove those exceptions, limiting all municipal parking minimums to one spot per unit. Housing advocates say parking requirements can hamper and even prevent some housing projects from moving forward, by raising costs and creating some logistical barriers. Opponents to the bill, such as the New Hampshire Municipal Association, argue cities and towns should have the flexibility to require parking minimums for housing developments in order to reduce the strain on other parking options in town. Rep. Joe Alexander, the chairman of the House Housing Committee, said the House's version was a better way to encourage the market to produce housing. 'The majority of the committee believes that the free market is the best determinant of what sufficient parking is needed for each residential unit and property owners are the best decision-makers when it comes to how much parking is necessary for their property,' Alexander wrote in an explanation in the House calendar. 'This bill as amended still allows municipalities to regulate parking up to one space per unit.' The bill was recommended by the Housing Committee 14-1, and passed the House 197-144. 'The state is imposing a one-size-fits-all mandate that may not reflect local realities, such as geography, population density, public transit availability, or tourism demands,' said Rep. Kim Rice, a Hudson Republican. 'What works in a compact urban area like Portsmouth may be entirely unworkable in the rural town with limited transportation alternatives.' Rice said the requirements could affect residents elsewhere who might not have access to parking, and could lead to 'poorly planned developments.' The bill will now head back to the Senate, which must vote on whether to accept the House's changes, reject them and kill the bill, or move to a committee of conference with the House to try to negotiate.
Yahoo
01-04-2025
- Business
- Yahoo
Housing poll finds strong support for pending bills
In a new poll, more than three-quarters of those surveyed support lawmakers passing four housing bills to set smaller house lot sizes, mandate allowing accessory dwelling units, favor residential apartments in commercial zones and eliminate community-wide parking space requirements. Housing Action N.H. reported that in its poll nearly six in 10 (59%) support building more housing, even if it would mean reducing local control over that development. 'The message is clear: New Hampshire is experiencing a severe housing shortage that is being felt from southern New Hampshire to the North Country and all across the state. Voters support solutions to our housing shortage,' said Nick Taylor, Housing Action N.H.'s director. 'These results show that a significant majority of New Hampshire voters support proposals currently in front of the Legislature this session, and we urge them to pass these proposals quickly to begin addressing the housing shortage.' YouGov conducted the poll for Housing Action, surveying 406 registered voters from March 3-10. The survey has a margin of error of plus or minus 6%. The proposal that received the most support (88%) was to permit apartments to be sited on the second floor of buildings in any commercial zone (HB 631). Only 7% opposed the idea and the rest (5%) were undecided. The accessory dwelling units legislation (HB 577) had the backing of 76%, as did the requirement that at least half the new residential units in a community be built on smaller lot sizes (SB 84). Giving developers and property owners more flexibility in deciding how many parking spaces (SB 284) to have had the backing of 75% of those surveyed. All four of these bills have cleared either the House of Representatives or the Senate. The most vigorous debate was over the legislation from Sen. Keith Murphy, R-Manchester, to set a lot maximum of half an acre on half the properties in a community with public water and public sewer. Communities that have private wells and septic tanks would have a lot size cap of two acres. The Senate approved the bill, 13-10, but it was roundly criticized by nine Republican senators who charged that it would violate local control and smacked of too much top-down direction from state government. As independent polls have found, the survey confirmed affordable housing was the top issue (55%), followed by inflation (44%), taxes (22/%) and homelessness (21%). The survey found that these majorities were held among all regions of the state and also by political affiliation as well. Roughly 55% said their area does a 'poor' or 'very poor' job of keeping housing affordable and more than 75% said there were not enough affordable homes in their community for the average person to rent or buy. klandrigan@
Yahoo
28-02-2025
- Business
- Yahoo
Organovo's FXR Program, including FXR314, to Be Acquired by Eli Lilly and Company
SAN DIEGO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Organovo Holdings, Inc. (Nasdaq:ONVO) ('Organovo' or the 'Company'), a clinical stage biotechnology company focused on developing novel treatment approaches in inflammatory bowel disease (IBD) today announced that Eli Lilly and Company (NYSE:LLY) ('Lilly') will acquire Organovo's FXR program, including its lead asset, FXR314. 'This is a significant milestone for our efforts to advance medicines for IBD using insights from our proprietary 3D human tissue models,' said Keith Murphy, Executive Chairman. 'We are excited to deliver FXR314 and our FXR program to Lilly for Phase 2 and further development. Their world-class development excellence and dedication to delivering for patients will provide an excellent pathway for FXR314 success, and we are pleased to have this opportunity to deliver for patients.' Under this transaction, Organovo will receive an upfront payment as well as milestones to be paid as FXR314 achieves key regulatory and commercial milestones. Lilly is acquiring all commercial and intellectual property rights to Organovo's FXR program for worldwide development. About OrganovoOrganovo is a clinical stage biotechnology company that is developing drugs that are demonstrated to be effective in three-dimensional (3D) human tissues as candidates for drug development. The company has proprietary technology used to build 3D human tissues that mimic key aspects of native human tissue composition, architecture, function, and disease. For more information visit Organovo's website at Forward Looking StatementsAny statements contained in this press release that do not describe historical facts constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations but are subject to a number of risks and uncertainties. These risks and uncertainties and other factors are identified and described in more detail in the Company's filings with the SEC, including its Annual Report on Form 10-K filed with the SEC on May 31, 2024, as such risk factors are updated in its most recently filed Quarterly Report on Form 10-Q filed with the SEC on February 19, 2025 and the Registration Statement on Form S-1 (File No. 333-282841). You should not place undue reliance on these forward-looking statements, which speak only as of the date that they were made. These cautionary statements should be considered with any written or oral forward-looking statements that the Company may issue in the future. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to reflect actual results, later events, or circumstances or to reflect the occurrence of unanticipated events. ContactCORE IRpr@ Source: Organovo, in to access your portfolio
Yahoo
21-02-2025
- Entertainment
- Yahoo
RVTV 2025 Host City Application
DES MOINES, Iowa — For over twenty years, Keith Murphy and the WHO 13 Sports team have celebrated our state's good natured rivalry game between the University of Iowa and Iowa State University football teams by shining a spotlight on the best part of Iowa, it's small towns. Now, we're opening up the process for towns to apply to be a host of a RVTV Cy-Hawk street party. There's a lot of planning required to put on a successful RVTV party and it also requires the backing and support of key officials within a town to work together to make it happen. WHO 13 will work with you during the planning process, and provide guidance to your leaders or your organizing committee to make it a successful RVTV stop. First, answer a few questions about your town to get started. The application deadline in March 31, 2025. Fill out the form below or download it and mail to: ATTN: RVTV Host Application 1801 Grand Avenue Des Moines, Iowa 5039 Submit a form. Questions? Contact John Sears by email or at 515-242-1606 Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-01-2025
- Business
- Yahoo
Coalition backs setting maximum housing lot sizes
Jan. 28—Realtors, homebuilders and housing advocates said limiting maximum lot sizes for residences would be the single most significant policy change that could address the state's affordability crisis. The legislation (SB 84) would set a cap that in each town a majority of the property zoned for single-family residences must have lot sizes that are no bigger than 1 1/2 acres on parcels without public water and sewer. Those with public water could be no larger than one acre and the size would be limited to half an acre on property that has water and sewer service under the bill. The legislation would grandfather existing house lots larger than the proposed maximums. State Sen. Keith Murphy, R-Manchester, said he's authored 10 different bills to try and promote more residential construction. "If we are really serious about expanding, this is the bill to do it," Murphy told the Senate Commerce Committee Tuesday. "Everything else, including all my other bills, are really window dressing by comparison." Prices dropped slightly from record highs in 2023 Brady Deshaies, a lobbyist with the New Hampshire Municipal Association, was the lone opponent during a one-hour hearing on this bill. Creating artificial maximums will not necessarily lead to more housing because cities and towns lack the public works systems to support more development, he said. "One-size-fits-all mandates that overrule the votes of the legislative bodies, the voters of the municipality, they will not necessarily lead to more construction because without that infrastructure, you can't build the housing," Deshaies said. New Hampshire's median price of a home in 2023 crossed over $500,000, the ninth highest in the country. Prices dropped slightly and the median last November was at about $480,000. Murphy, who has a master's degree in community planning, said some private companies won't locate or expand here because workers are unable to afford apartments. "Make no mistake we are missing out on jobs and opportunities because of our anti-housing policies," Murphy said. Nick Taylor, director of Housing Action New Hampshire, said a study of the state's zoning atlas concluded only about 15% of buildable land is available for the construction of starter homes. Rob Dapice, executive director of New Hampshire Housing, said making changes to zoning ordinances to reflect these new lot maximums would not be a "heavy lift." "The status quo has gotten us to the situation that we are in and it's time to rebalance the equation," Dapice said. Matt Mayberry, CEO with the N.H. Homebuilders Association, said his group is willing to negotiate on these lot sizes, but said it's time for action. "We are sick of talking about the need for housing," Mayberry added. "Let's actually go get it done." klandrigan@
