Learn how the Charlotte Housing Authority succeeded in obtaining low-income housing tax credit award Congratulations to the Charlotte Housing Authority on its recent closing on the tax-credit equity financing and RAD conversion of its $14.2 million Tall Oaks redevelopment project. Part of the development costs is financed by a low-income housing tax credit award of over $8.2 million. Despite strong …
Greensboro Housing Authority Shared Valuable Expertise in RAD Portfolio Conversions [Video Available]
In 2015, the Greensboro Housing Authority (“GHA”) took a significant step in repositioning its assets by converting 893 units in eight public housing developments to project-based Section 8 units under the HUD RAD program. Some of the transactions involved FHA mortgage loans, Fannie Mae mortgage loans, tax-exempt bonds and low-income housing tax credits, and some had no outside financing at …
The Banks Law Firm Announces Two New Principals
Durham, NC – Sherrod Banks, President/CEO of The Banks Law Firm, announced two internal promotions; Tanya D. Locklair and Catherine P. Liu have each earned the distinction of Principal with the Firm. Tanya Locklair Locklair graduated from the University of South Carolina at Columbia in 1993 with a Bachelor of Arts degree in Political Science with a minor in Business …