No Authority For How To Compute Housing Investment Exit Taxes
"The parties have not pointed to any regulations, IRS guidance, or case law for their interpretation of this language, and I have found none."
Source: forbes.com
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South End housing group wins court victory, but may owe investor millions
A Superior Court judge ruled that nonprofit Tenants' Development Corp. can reclaim ownership of its affordable housing units for hundreds of residents in the South End. But his ruling states that the group must pay "exit taxes" for investor Alden Torch.
Source: wbur.org
Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk
A Boston nonprofit is battling in court with an investor that wants to sell off low-income housing for profit. It's a story that's playing out across the country.
Source: wbur.org
Retreat at Chenal Sells in $14.9 Million Deal (Real Deals)
The 128-unit apartment complex was purchased by WI Retreat at Chenal LLC, an affiliate of Worcester Investments.
Source: arkansasbusiness.com
Federal Judge Dismisses Investor Lawsuit Against Housing Agency
A federal judge in Seattle on Tuesday dismissed a lawsuit brought by an investment firm against the Washington state housing commission, in a case that’s been widely watched by housing officials in Massachusetts and around the country.
Source: wbur.org