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A law passed by Congress in 2021, called the Corporate Transparency Act, is intended “to curb illicit finance, requires many companies doing business in the United States to report information about the individuals who ultimately own or control them,” according to a...
A nonprofit corporation whose purpose is to own and maintain land as a manufactured home community accommodating 60 manufactured homes in Asheboro, Randolph County, North Carolina is not eligible for a property tax exemption under the nonprofit exemption statute...
The North Carolina Housing Finance Agency recently published a housing market overview and summary of the Harvard University’s Joint Center for Housing Studies annual update of the status of the country’s housing, The State of the Nation’s Housing 2024 released in...
There is some good news for affordable housing advocates in a time of political polarization and partisan rancor: strong bipartisan support in both the U.S. House of Representatives and the Senate for The Affordable Housing Credit Improvement Act (AHCIA), introduced...
I have often in my law practice advised my clients that the first rule of contracts is: "Read the contract!" Now, after a recent North Carolina Court of Appeals decision, I can emphatically say that it is their legal duty to read the contract before they sign it. In...
More than $1 billion in new economic investment is coming soon to build and preserve affordable housing in North Carolina, according to Chris Austin, Director of Rental Investment for the North Carolina Housing Finance Agency. Housing credits were awarded by the NCHFA...
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