Publications: Sherrod Banks

The Banks Law Firm

Sherrod Banks Featured in Business North Carolina as Part of Leaders of the Pack

HumAdmin February 8, 2022 Affordable Housing, Announcements, Firm News, Housing & Community Development, Real Estate Law, Sherrod Banks

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. …

Property Tax Exemptions for Affordable Housing Projects [Video Available]

Sherrod Banks December 31, 2015 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 September 25, 2014 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 January 30, 2014 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 April 6, 2013 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 …

Sherrod Banks Principal
Mr. Banks graduated from the University of North Carolina at Chapel Hill, cum laude, with a double major in Political Science and African-American History. Mr. Banks also received his Juris Doctor Degree from the University of North Carolina School of Law. Since his induction into the state bar, Mr. Banks has practiced law in the areas of affordable housing and community economic development law, corporations, partnerships, commercial and residential real estate, business litigation, private placement stock offerings, labor and employment law, municipal law and civil litigation.

Mr. Banks is Chair of the Governing Committee of the American Bar Association Forum on Affordable Housing and Community Development Law. He has taught seminars and lectured extensively in the area of affordable housing and community economic development law for the American Bar Association, Duke University Law School, North Carolina Central University School of Law, UNC-Chapel Hill School of Government, Carolinas' Council of Housing and Code Officials, North Carolina Community Development Initiative, North Carolina Association of Community Development Corporations, and Duke University's Certificate Program in Non-Profit Management. Mr. Banks has published an article entitled "PHAs Engaged in Mixed-Finance Transactions: Material Participation Versus Significant Functions" in the Fall 2000 edition of the ABA Journal of Affordable Housing & Community Development Law. He has also been a course planner, author, and lecturer for continuing legal education seminars for members of North Carolina and South Carolina bar associations on employment law issues.

Mr. Banks is admitted to practice before the United States Court of Appeals, Fourth Circuit and the United States District Court and Middle and Eastern Districts of North Carolina. He is currently a Fellow of the American Bar Foundation member and a member of the American Bar Association Forum on Affordable Housing and Community Economic Development Law, the North Carolina Bar Association Labor and Employment Law Section, North Carolina State Bar, North Carolina Association of Black Lawyers, The George White Bar, Fourteenth Judicial District, Alpha Phi Alpha Fraternity, Inc., The Banks Foundation, Communities in Schools-Durham, and the Durham Business and Professional Chain. He has been a member of the Durham County Bar Board of Directors, Durham County Bar Grievance Committee, Durham YMCA Board of Directors, Salvation Army Advisory Board, Durham-Duke Campaign Steering Committee and the Leadership Durham Steering Committee.

As a principal of the Firm, Mr. Banks is involved in all aspects of client representation for which the Firm is engaged.

Education
- J.D., University of North Carolina School of Law
- A.B., University of North Carolina at Chapel Hill, cum laude
Bar Admissions
- North Carolina
Professional Memberships
- American Bar Association
- North Carolina Bar Association
- National Bar Association
Areas of Practice & Expertise Affordable Housing and Community Development Law, Business, Civil Litigation, Colleges & Universities, Commercial Real Estate, Municipal Finance,Non-Profit Organizations, Public Housing Law, Real Property Tax Exemptions

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