Meaning of “Ownership”

NC Court of Appeals Examines the Meaning of “Ownership”

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).

TBLF Holiday Party 2013

Thanks to all who joined us for the TBLF Holiday Party 2013, it was spectacular. See other Holiday Parties here.

The Banks Law Firm Addition of Chuck Watts General Counsel for the Monroe Housing Authority

The Banks Law Firm Closes $42 Million Dollar Transaction

Sherrod Banks, CEO of The Banks Law Firm, announced that his firm closed a $42 Million Dollar transaction for the Charlotte Housing Authority during the holidays.  According to Banks, “The funds will be used to modernize two exiting apartment communities for the elderly, Strawn Tower and Parktowne Terrace, located in Charlotte, N.C.”

Welcome with right direction arrow signboard on white brick wall. Two New Principals

The Banks Law Firm Announces Two New Principals

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.