Mar 23, 2012
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...
Mar 16, 2012
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...
Mar 5, 2012
On Monday February 27th 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)...
Feb 24, 2012
On February 23, 2012, the United States Department of Treasury (“Treasury”) announced the awardees of New Markets Tax Credits (“NMTC”) for the 2011 NMTC round. Seventy community development entities (“CDEs”) were awarded NMTC. ...
Feb 22, 2012
On February 1, 2012, all California redevelopment agencies were dissolved. Goldfarb & Lipman invites you to visit our website for the most up-to-date information related to this historic turning point for California real estate development, including expert...
Feb 16, 2012
On February 13, 2012, President Obama introduced his 2013 budget, which proposes to extend the New Markets Tax Credit (“NMTC”) program until December 31, 2013. Under the President’s proposal there would be a NMTC allocation of $5 billion for 2012 and another $5...
