David A. Davenport and Samuel T. Johnson, Year-15 Disputes in the Low-Income Tax Credit Program, Aggregators, and Their Playbooks, 31 A.B.A. Journal of Affordable Housing and Community Development Law 59 (2022) The federal government’s Low-Income Housing Tax Credit (LIHTC) program has been exposed to a troubling trend in recent history. The [...]
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The U.S. Court of Appeals in Boston on Wednesday ruled that a Denver investment firm failed to prove its fight with a South End housing nonprofit belongs in federal court. “Refined to bare essence, this is a dispute over a contract,” the three-judge panel said in their decision. And that [...]
By Theresa Schliep Law360 (October 14, 2021, 6:27 PM EDT) -- A suit from an investment group contesting an affordable housing not-for-profit's efforts to purchase a housing tax credit project was properly dismissed by a Massachusetts federal court, the First Circuit said, ruling the lower court lacked jurisdiction. A [...]
The Boston law firm Nixon Peabody has built a national reputation in affordable housing — advising nonprofits and developers, churches and housing authorities. The firm boasts lawyers who’ve had a hand in “every major federal affordable housing initiative in the last 40 years.” But Nixon Peabody also has become the [...]
August 24, 2021, Beth Healy WBUR News A federal judge in Seattle on Tuesday dismissed a lawsuit brought by an investment firm against the Washington state housing commission, in a case that’s been widely watched by housing officials in Massachusetts and around the country. The case involved Alden Torch Financial [...]
Federal appeals court judges in Boston heard arguments Thursday in a fight between a nonprofit that wants to buy and maintain the affordable housing it's managed for South End residents for decades and an investor that aims to stop the purchase. It's the latest chapter in the battle between [...]
Source: WBUR Affordable housing across the country is facing an onslaught few saw coming — investors looking to cash in on real estate that was dedicated to people with low incomes. An investigation by WBUR finds financial firms seek outsized profits for themselves in a federal housing [...]
By Peter J Reilly Source yourtaxmatterspartner.com Another decision in the struggle between not-for-profit sponsors and limited partners in "Year 15" of affordable housing deals came out last month. This one was SunAmerica Housing Fund 1050 v Pathway of Pontiac Inc, by Judge Arthur Tarnow of the US District Court of the Eastern [...]
WBUR (Boston’s NPR News Station) aired another important story, and also included additional written content on its website. Please see below if you are interested. We continue to appreciate Beth Healy and Christine Willmsen, both senior investigative reporters with WBUR, for continuing their deep dive into these important issues [...]
WBUR (Boston’s NPR News Station) aired an important story, and also included written content on its website. To listen, simply click on the red play button below. The written content, which goes into greater detail, is not the same as what aired this morning. We appreciate Beth Healy and [...]