Michael Best Partner Bob Gordon was featured in RE Business Online’s article, “Wisconsin Supreme Court Reaffirms Subsidized Housing Valuation Methods” on June 8, 2017.
“In a major victory for subsidized housing developers and investors, the Wisconsin Supreme Court has reaffirmed longstanding principles governing the assessment of these properties.
The Dec. 22, 2016 decision in Regency West Apartments LLC v. City of Racine confirms that the assessment of a subsidized housing project is a property-specific exercise that must take into account the type of federal program involved, specific restrictions on the property, and actual property income and expenses.”
To read the entire RE Business Online article, click here.
This file is used with the permission of Heartland Real Estate Business.