News & Publications

Federal legislation enacted at the end of 2020 created a 4% floor for federal low-income housing tax credits associated with tax-exempt multifamily bonds, but was ambiguous with respect to projects still under construction with bonds issued before 2021. The 4% floor greatly increased the value of such credits because of currently low interest rates. On December 1, the IRS released new guidance on low-income housing tax credits specifically for projects with tax-exempt bond issuances and [...]

When you're in business for yourself, there's a lot to protect. If you've managed to secure a good location that's right for your needs and convenient for your customer base, it can really hurt to suddenly be uprooted because your landlord decides to sell. That's why you may want to see if you can work the right of first refusal (ROFR) into your lease. What's a right of first refusal? In essence, this is a clause that [...]

Construction general liability policies are expensive in today's market.  In response to this, insurance underwriters have attempted to make policies less expensive.  Insurance companies do this by adding exclusions to policies which limit the instances where a carrier may have to pay. How exclusions make insurance less expensive So for example, projects for new residential construction result in far more claims than residential remodel projects.  Therefore, if a contractor only performs residential remodels, adding a [...]