The Charlotte Land Development Standards Manual (CLDSM) Committee is proposing various revisions to the Charlotte Land Development Standards Manual (CLDSM). Below is a document containing the Draft text details for public review and comment:
2025 CLDSM Update-Draft(PDF, 3MB)
Below are the proposed changes broken out individually for your convenience:
10.45A 10.45B 21.24 30.11A 30.11B 30.11C
10.24A 10.24B 10.24C 10.25A 10.25B 10.25C
10.25D 10.25E 10.25F 10.27A 10.27B 10.28
Please review the CLDSM draft detail packet and forward any questions, feedback, or comments to the proposed changes by July 1, 2025, via e-mail to [email protected].
Please carbon copy [email protected] so that we may track feedback more effectively. (Carbon copy refers to the Cc… line in an email for those of you that are under 50 years of age.)
The revision is proposed to become effective July 31, 2025.
My Take: The topic of revisions to a city manual may seem dry to some of you but the ramifications of its implementation are far reaching. We need feedback from the industry on how these proposed changes will affect the way you do business. The deadline for input and the implementation date are only a month apart. That means early feedback is crucial if any changes are to be made. Thanks in advance for your attention to this important matter!
Courtesy of the National Association of Home Builders:
In a win for NAHB and the small business community, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) published an interim final rule on beneficial ownership information (BOI) reporting requirements that narrows the BOI reporting requirements to foreign reporting companies only. The rule states that domestic reporting companies “are exempted from the reporting requirements and do not have to report BOI to FinCEN, or update or correct BOI previously reported to FinCEN.”
In addition, foreign entities will not be required to report any U.S. persons as beneficial owners, and U.S. persons will not be required to report BOI with respect to any such entity for which they are a beneficial owner.
NAHB and a coalition of associations applauded the agency for this rule in a letter to Treasury Secretary Scott Bessent:
“This rule appropriately narrows the scope of entities required to report BOI by exempting domestic reporting companies and U.S. persons who are beneficial owners of foreign reporting companies. By doing so, the [Treasury] Department has alleviated substantial compliance burdens that would have disproportionately affected law-abiding Main Street businesses, while also shifting to a risk-based enforcement protocol that will ultimately strengthen the effectiveness of the [Corporate Transparency Act].”
NAHB has actively advocated to protect small businesses amid these requirements, including working with lawmakers to provide ample time to understand and comply with these reporting rules and filing an amicus brief to question their constitutionality.
This rule became effective March 26, 2025.
My Take: Finally. The update above comes from the National Association of Home Builders, but I know first-hand that the National Association of Realtors® was also intricately involved in advocating for a similar position as were many other organizations representing individuals and businesses that were being impacted. This rule should provide some much-needed clarity that has been absent for quite some time. Hopefully we can finally cross this one off the list.
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