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. …
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, 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 …
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 …
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 …