Oct 12, 2012
AB 1x 26 (enacted on June 28, 2011) and AB 1484 (enacted on June 27, 2012) provide the administrative and procedural requirements for winding-down the affairs of a dissolved redevelopment agency (“Dissolved RDA”) by its Successor Agency. Download the PDF:...
Sep 26, 2012
Pursuant to SB 900 and AB 278, commonly referred to as the Homeowners Bill of Rights (the “Bill”), lenders and servicers of first lien mortgages on owner-occupied residential homes (with 4 or fewer dwelling units) must take several new steps prior to...
Aug 28, 2012
Goldfarb & Lipman is pleased to announce that on August 16, 2012, the California State Senate confirmed the appointment of G&L attorney Xochitl Carrion as a member of the California Law Revision Commission. Subsequently, Xochitl was elected as Chairperson of...
Jul 20, 2012
Under AB 1484, the successor to the housing assets and functions (“Housing Successor”) of a dissolved redevelopment agency (“Dissolved RDA”) must submit a list of housing assets to the State Department of Finance (“DOF”) by August...
07/18/2012
On July 13, 2012, the Community Development Financial Institutions Fund (“CDFI Fund”) announced the opening of the 2012 round for the New Markets Tax Credit (“NMTC”) program. This 2012 round is conditioned on the passage of pending legislation which would extend the...
Jun 29, 2012
On June 27, 2012, the Legislature passed and the Governor signed AB 1484, an FY 2012-13 budget trailer bill. AB 1484 makes technical and substantive amendments to ABx1 26, the bill enacted in late June 2011 that directed the dissolution and unwinding of the affairs...