Jan 24, 2013
As successor agencies complete their due diligence review (the “DDR”) procedures for determining unobligated assets of their former redevelopment agencies available for distribution to taxing entities, attention must quickly turn to the preparation of...
Jan 8, 2013
On December 20, 2012, the California Department of Housing and Community Development (HCD) published a proposed Hold Harmless policy that would protect affordable housing operators from having to lower rents because HUD has published decreases in the HUD calculation...
Jan 4, 2013
A.B. 2674 significantly changes the obligations of California employers, and the rights of current and former employees, regarding employees’ personnel files. Previously, Labor Code section 1198.5 allowed employees to inspect their personnel records at...
Jan 3, 2013
On January 1, 2013, Congress voted to extend the New Markets Tax Credit (“NMTC”) Program for two additional years. The NMTC Program had expired on December 31, 2011. The extension of the NMTC Program is one component of the American Taxpayer Relief Act of 2012,...
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...
