Wagon Wheel Apartments Ribbon-Cutting Celebration

Wagon Wheel Family Apartments is the launch of an overall plan to create a mixed‐use development that will eventually consist of approximately 1,500 dwelling units and 50,400 square feet of commercial space, including stores and retail businesses.  Please join us for...

California State Budget Secures Millions for Affordable Housing

Governor Brown has signed a $156.3 billion spending plan that contains millions of dollars of funding for affordable housing during the 2014–15 fiscal year, as well as a long-term framework for housing funding through cap-and-trade auction revenues.  The budget...

Garfield Park Village SPRAC Transaction Closes

Goldfarb & Lipman is pleased to announce that it helped close the first SPRAC deal in the country last week. SPRAC, which stands for Senior Preservation Rental Assistance Contract, provides project-based rental subsidies to previously unassisted elderly residents...

TCAC Places a Moratorium on Subordinations of its Regulatory Agreements

The California Tax Credit Allocation Committee (TCAC) has issued a memo saying that it will no longer subordinate its regulatory agreements to new deeds of trust, except in cases when such deeds are for rehabilitation loans or FHA-insured loans. In its April 29, 2014...

Goldfarb Climbs to Support American Lung Association

Two Goldfarbians reached new heights on Saturday, March 29, by climbing up 52 flights of stairs in the annual Fight for Air stairway run in San Francisco’s Bank of America building. Partner Bob Mills and legal assistant Konni Stalica joined with about one thousand...