Property Tax Exemptions for Affordable Housing Projects [Video Available]

Sherrod Banks Housing & Community Development, Publications, Sherrod Banks

Filing deadlines are fast approaching in North Carolina Sherrod Banks gave a free seminar on property tax exemptions for affordable housing in North Carolina and South Carolina at the Carolinas Council Conference in Myrtle Beach, South Carolina, just in time for developers, owners and housing authorities to prepare applications for property tax exemptions for 2016.   Applications for tax exemptions are …

Sherrod Banks Elected Chair of the ABA Forum on Affordable Housing and Community Development Law

Talicia Neal Announcements, Sherrod Banks

Sherrod Banks, CEO of The Banks Law Firm, was recently elected to serve as the 2014-15 Chair on the ABA Forum on Affordable Housing and Community Development Law. The ABA Forum on Affordable Housing and Community Development Law is a great resource for up-to-date information on the latest developments in affordable housing and community development law. The Forum provides educational …

NC Court of Appeals Examines the Meaning of “Ownership” for Property Tax Exemption in LIHTC Developments, and NC Supreme Court Refuses to Further Rule

Sherrod Banks Housing & Community Development, Sherrod Banks

By Sherrod Banks and Barbara Herrera In a case of first impression, the North Carolina Court of Appeals in In re Blue Ridge Housing of Bakersville LLC[i] upheld a North Carolina Tax Commission decision that Cane Creek Village, a low-income housing development created with low-income housing tax credits (LIHTC), was tax exempt under N.C. Gen. Stat. § 105-278.6(a)(8).  At issue was whether …

Sherrod Banks Spoke About New Rental Assistance Demonstration Program (RAD) At CCHRCO Commissioner’s Meeting

Sherrod Banks Announcements, Sherrod Banks

Durham, NC – Sherrod Banks, CEO of The Banks Law Firm, presented a new Rental Assistance Demonstration (RAD) Program to the CCHRCO Commissioner’s Meeting on April 6, 2013 in Myrtle Beach, SC. Co-presenters were Kathleen Foster of Kathleen Foster & Associates and Mary Nash Rusher of Hunton & Williams, LLP. Goals of the new RAD Program are: Preservation and Improvement …