Identified as North Carolina’s largest minority-owned law firm, The Banks Law Firm has shown an unprecedented commitment to creating a positive impact on the community. Leading affordable housing cases through better outcomes and working through public-private partnerships for housing developments has resulted in personal gratification. Read the full story as it appears in the Business North Carolina February 2022 issue. …
October 1, 2020 – Durham, NC – The Banks Law Firm has relocated to accommodate increased demand for its services. Founded in 1994 in downtown Durham, the Firm has also established offices in Atlanta and Houston. The Firm’s new address is 4309 Emperor Boulevard, Suite 110, Durham, North Carolina 27703. Their telephone number remains the same at 919-474-9137. Practice areas …
Affordable housing professionals gather to learn and network in the Big Easy DURHAM, NC (September 11, 2019) – The Banks Law Firm announced today that Antoinette “Toni” Jackson will be a speaker at the Novogradac Conference and Workshop. The Workshop will be held on October 3 – 4 at the JW Marriott in New Orleans. Novogradac’s Credit and Bond Financing …
As part of an ongoing joint effort with the U.S. Department of Housing and Urban Development (HUD) to combat sexual harassment in housing, the U.S. Department of Justice (DOJ) recently announced the launch of a public awareness campaign aimed at empowering victims to fight back against sexual harassment and other violations of the Fair Housing Act (FHA). The campaign features …
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 …
A public housing agency (“PHA”) is obligated to protect residents from the dangers of illegal drugs. Federal law requires PHAs to include lease provisions that grant them power to evict tenants who sell or use such drugs on or off premises. This power is expansive: the U.S. Supreme Court confirmed that PHAs may even evict tenants who did not know …
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 …
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 …
Published: February 20, 2015 by the Thomas Jefferson School of Law San Diego On Thursday, February 12, 2015, the TJSL Community Economic Development Clinic, Career Services, and the ABA Forum on Affordable Housing and Community Development Law sponsored “Careers in Affordable Housing and Community Development Law.” Moderated by Adjunct Professor and supervising attorney of the Community Economic Development Clinic, Rebecca …
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 …