Goldfarb

ABA’s 21st Annual Conference on Affordable Housing and Community Development Law

admin — Wed, 23 May 2012 23:22:41 +0000

2012 Forum on Affordable Housing and Community Development Law

Making the Case For Affordable Housing and Community Development

May 23 – 25, 2012

Mandarin Oriental Hotel

1330 Maryland Ave. SW

Washington, DC. 20024-2100

“Numbers For Lawyers” – Workshop 2D

Thursday, May 24, 2012

11:30 am – 12:45pm

Financial projections are typically prepared by accountants or clients, but are critical to the analysis of legal and tax issues. This session will discuss how the numbers contained in the financial projections relate to issues such as determination of tax credits, the 10% carryover test, calculation of minimum gain, understanding sources and uses of funds, reconciling the funding and application of reserves, inclusion of deferred development fee in basis, charaterization of debt as debt for tax purposes and more.

Moderator:

Brad Tomtishen, Nuyen, Tomtishen and Aoun, P.C. Ann Arbor, MI

Speakers:

Margaret F. Jung, Goldfarb & Lipman LLP, Oakland, CA

Kelly B. Rushin, Liles and Rushin LLC, Birmingham, AL

John F. Mackey, Reznick Group, P.C., Boston, MA

Download the Brochure

For more information and to register

San Joaquin Valley Affordable Housing Summit 2012

admin — Tue, 22 May 2012 01:36:40 +0000

Tuesday, May 22, 2012

9:00 am – 4:00 pm

Radisson Hotel and Conference Center

2233 Ventura Street

Fresno, California

“Affordable Housing and the Loss of Redevelopment”

Tuesday, May 22, 2012

10:30 am – Noon

Moderator: Mike Dozier, Fresno State

Speakers: Dave Kroot, Goldfarb & Lipman LLP; Jose Antonio Ramirez, City of Livingston; Craig Scharton, City of Fresno

Agenda

For more information and to register

PSWRC-NAHRO’s Annual Spring Conference

admin — Sun, 20 May 2012 23:31:42 +0000

May 20-22, 2012

Hyatt Monterey

1 Old Golf Course Road

Monterey, CA 93940

“Ethics”

Monday, May 21, 2012

9:00 am – 11:45 am

Moderator: Michele Roth, Mendocino County CDC

Speakers: Jennifer Bell, Goldfarb & Lipman LLP; Mike Voss, Deputy Regional Counsel of HUD, and Tim Larsen, San Francisco Housing Authority

Agenda

For more information and to register

Partner Amy DeVaudreuil to be awarded Doctor of Laws from Alma Mater URI

admin — Sun, 20 May 2012 00:14:55 +0000

The University of Rhode Island is conferring upon Amy DeVaudreuil an honorary degree of Doctor of Laws at the University’s 126th commencement exercises on Sunday, May 20, 2012. Please read the press release here http://www.uri.edu/news/releases/index.php?id=6221.

Tools for Economic Development After Redevelopment

admin — Tue, 17 Apr 2012 22:47:45 +0000

Local government entities have always needed tools for community economic development work, and with the demise of redevelopment agencies and the ongoing employment and public budget shortfalls, this need has only increased. As a service for our clients, Goldfarb & Lipman published a brochure that summarizes remaining federal and state financing and land use tools that can be used to support economic development activities and provides case studies that illustrate how these programs can be layered together to finance new projects. We are pleased to make this publication available to a broader audience and hope that you will find it to be a useful resource. Download the PDF: “Development Beyond Redevelopment Brochure”

Housing California 2012 Presentation – Redevelopment: What’s Been Lost, What’s Been Gained?

admin — Thu, 12 Apr 2012 22:16:45 +0000

Goldfarb & Lipman attorneys Josh Mukhopadhyay and Dave Kroot participated in a panel presentation at Housing California 2012 (along with Libby Seifel of Seifel Consulting and Nancy Conk, CEO of Cabrillo Economic Development Corporation). The presentation, entitled “Redevelopment: What’s Been Lost, What’s Been Gained?”, provides information on processes and issues presented by the abolition of California redevelopment agencies and possibilities for alternative funding sources for affordable housing.

Download the PowerPoint PDF: Housing California 2012 Presentation – Redevelopment: What’s Been Lost, What’s Been Gained?

Law Alert – Documenting Asset/Obligation Transfers of Former RDAs: Exit Memos and Joint MOUs

admin — Fri, 23 Mar 2012 22:15:59 +0000

Goldfarb and Lipman’s January 19, 2012 law alert (“The Final Actions of Redevelopment Agencies and the Set-Up of Successor Agencies,” available at this link, recommended that, by the end of January 2012, redevelopment agency staff prepare two internal memoranda to provide guidance to the entities that would assume agency assets and obligations after the February 1 dissolution event.

Download the PDF: “Exit Memos and Joint MOUs”

Law Alert – Redevelopment Dissolution: Successor Agency Next Steps For March – May 2012

admin — Fri, 16 Mar 2012 16:33:37 +0000

By now, the successor agency (“Successor Agency”) for each former redevelopment agency (“Former RDA”) has likely prepared, obtained its governing board’s (typically the city council or board of supervisors) approval, and posted on its website the draft first recognized obligation payment schedule (“First ROPS”) providing specified information about the Former RDA’s enforceable obligations for the period of January through June 2012 (and over the duration of such obligations), in accordance with the provisions of ABx1 26 (“Dissolution Act”).

Download the PDF: “Redevelopment Dissolution: Successor Agency Actions”

Law Alert – FHFA Begins First Phase of REO-To-Rental Program

admin — Mon, 05 Mar 2012 21:43:42 +0000

On Monday February 27^th the Federal Housing Finance Agency (FHFA) issued a notice inviting interested parties to submit applications to demonstrate financial capacity, experience, and specific plans for purchasing Fannie Mae foreclosed/real estate owned (REO) properties in the hardest hit metropolitan areas including Los Angeles/Riverside in California.

Download the PDF: “FHFA Begins First Phase of REO-To-Rental Program”

The Legal Guide to Affordable Housing Development, Second Edition

admin — Wed, 29 Feb 2012 12:50:19 +0000

Chapter 11: Local Government Financing Powers and Sources of Funding written by Barbara Kautz, partner in the firm, and Rick Judd, former partner, with Vincent L. Brown, associate with the firm.

Chapter 16: Federal Relocation and Replacement Housing Law written by Karen Tiedemann, partner in the firm.

See Legal Guide at the following link: The Legal Guide to Affordable Housing Development, Second Edition