Archive for October, 2012

Land Use Legal requirements:

Professional legal network‘s land use practice boasts some of the leading attorneys in the field, particularly in California. They work with developers throughout the western United States, with a particular emphasis on Northern and Southern California. These networks are experienced in representing clients before city councils and boards of supervisors, planning commissions, coastal commissions, school districts, historic preservation commissions, architectural review boards, water districts, and other agencies. Their attorneys handle all aspects of the entitlement process, including sub-division, permits, plan review, and related issues with a particular sensitivity to the NIMBY factors which dominate affordable housing development at the local level.

Tax Guidance as well as Litigation:

Network’s tax attorneys are experienced in all federal and state tax aspects of affordable housing development with a special emphasis on taxation of partnerships and partners, non-profit organizations, low income housing tax credits, and transfer taxation of real estate. They understand the critical tax nature of the 10% test, compliance with the minimum set-aside, tax credit recapture during the compliance period, deferred developer fees, special allocations of partnership income and loss, tax-exempt status, and property tax abatement. Tax attorneys from the network continually work to develop creative and sound deal structures to address these issues.


Their attorneys routinely advise on the rules and regulations of state housing agencies (such as the California Tax Credit Allocation Committee, the California Debt Limitation Allocation Committee, the California Department of Housing and Community Development and the California Board of Equalization) as well as federal agencies such as the IRS and HUD. Such networks have taken a leading role in organizing client responses and shaping public debate regarding proposed regulatory changes that affect affordable housing development. In addition, many administrative policies that affect the development of affordable housing projects are unwritten, and their extensive experience in numerous transactions provides clients with insights not generally available from other practitioners.

Tax-Exempt Organizations:

Professional legal network firm represent many of the most active non-profit developers. They have a substantial practice in the formation of non-profit organizations and in qualifying their exempt status with the IRS and California FTB. With these networks you can get counsel on non-profit clients on issues as diverse as complying with non-profit set-asides, conduct of non-charitable activities, establishing for-profit subsidiaries, minimizing unrelated business taxable income, structuring and monitoring grant making procedures, and complying with California’s property tax exemption requirements.


They work closely with their environmental attorneys in assisting affordable housing clients with environmental risk management strategies, transactional due diligence and negotiations, the regulatory processes attendant to site evaluation and remediation, all aspects of brown field redevelopment, environmental litigation (including cost recovery, administrative and criminal enforcement proceedings), insurance coverage, and Proposition 65 actions. Through this interaction, they help their affordable housing clients deal effectively with a myriad of environmental issues in a satisfactory and cost-efficient manner.

For more information regarding the professional legal networks check out – http://plnlegalnetwork.blogspot.in/2012/09/professional-legal-network-encouraging.html

Article Source – http://www.plnlegalnetwork.com/affordablehousing.php


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