AMTAX Holdings 227, LLC, et al v. Tenants' Development II Corp., et al
Case Number:
21-1043
Court:
Nature of Suit:
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October 14, 2021
1st Circ. Tosses Dispute Over Nonprofit's Housing Credit Deal
A suit from an investment group contesting an affordable housing not-for-profit's efforts to purchase a housing tax credit project was properly dismissed by a Massachusetts federal court, the First Circuit said, ruling the lower court lacked jurisdiction.
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April 30, 2021
Nonprofit Asks 1st Circ. To Toss Housing Credit Project Row
A low-income housing tax credit project shouldn't be sold to a third party because the developer was contractually obligated to allow a nonprofit the chance to purchase the property at a discounted price, the nonprofit told the First Circuit.