Affordable Bankruptcy

An en banc Ninth Circuit <strong><a href="http://cdn.ca9.uscourts.gov/datastore/opinions/2017/05/26/12-17241.pdf">upheld</a></strong> a federal judge’s <a href="http://archive.courthousenews.com/CnsNews/Story/Index/95069">affirmation</a> of bankruptcy-reorganization plans for a Phoenix affordable housing project, finding the plan properly affixed a lower value to the property since the project intends to continue renting its units to low-income tenants.

SAN FRANCISCO – An en banc Ninth Circuit upheld a federal judge’s affirmation of bankruptcy-reorganization plans for a Phoenix affordable housing project, finding the plan properly affixed a lower value to the property since the project intends to continue renting its units to low-income tenants.

Categories / Appeals

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