The Third District Court of Appeals for the State of Florida affirmed a summary judgment decision issued on July 7, 2020 in favor of Opa-Locka Community Development Corporation (OLCDC). The summary judgment decision allowed OLCDC to enforce its Section 42(i)(7) Right of First Refusal under the LIHTC program. Pursuant to the lower’s court ruling, OLCDC was able to acquire the apartment complex for an assumption of existing debt and the payment of less than $100,000 of its former partner’s exit taxes.
General News Category Archives
The California Tax Credit Allocation Committee (TCAC) updated the 2021 Second Round Nine Percent Preliminary Recommendations for the Federal Consolidated Appropriations Act (FAA) (Disaster Area) Projects.Read More
Last week, the House Financial Services Committee reported a marked-up Expediting Assistance to Renters and Landlords Act of 2021 (H.R. 5196) to the House, which, if enacted, would make significant changes to the Emergency Rental Assistance Program (ERAP).Read More
The Kansas Housing Resources Corporation (KHRC) and Department of Commerce will hold the third quarterly meeting exploring the state’s housing and economic development initiatives from 2 to 3 p.m. CT on September 14.Read More