Sherrod Banks Elected Chair of the ABA Forum on Affordable Housing and Community Development Law

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

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 …

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 …