Federal appeals court rules against investors in Boston low-income housing case

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 [...]

Federal appeals court rules against investors in Boston low-income housing case2021-10-18T18:29:19+00:00

1st Circ. Tosses Dispute Over Nonprofit’s Housing Credit Deal

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 [...]

1st Circ. Tosses Dispute Over Nonprofit’s Housing Credit Deal2021-10-20T15:08:55+00:00

In Big Affordable Housing Lawsuits, Boston Firm Nixon Peabody Is Taking The Side Of The Investors

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 [...]

In Big Affordable Housing Lawsuits, Boston Firm Nixon Peabody Is Taking The Side Of The Investors2021-09-21T21:20:25+00:00

Federal Judge Dismisses Investor Lawsuit Against Housing Agency

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 Judge Dismisses Investor Lawsuit Against Housing Agency2021-09-17T03:51:03+00:00

Battle Between South End Housing Group And Investor Goes to Court

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 [...]

Battle Between South End Housing Group And Investor Goes to Court2021-08-02T02:37:00+00:00

Investors Target Affordable Housing

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 [...]

Investors Target Affordable Housing2021-05-18T15:31:04+00:00

Third Win for Investors Versus Not For Profit Sponsors of Low Income Housing Tax Credit Projects

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 [...]

Third Win for Investors Versus Not For Profit Sponsors of Low Income Housing Tax Credit Projects2021-05-18T15:26:50+00:00

Local Officials And Congressional Leaders Decry Investors Who Put Affordable Housing At Risk

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 [...]

Local Officials And Congressional Leaders Decry Investors Who Put Affordable Housing At Risk2021-05-08T03:33:42+00:00

Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk

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 [...]

Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk2021-04-30T13:38:54+00:00
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