On April 5, 2016, the U.S. Court of Appeals for the D.C. Circuit determined whether the Davis-Bacon Act applies to the construction of CityCenterDC. According to the Court, CityCenterDC is a large private development in the heart of Washington, D.C. It features upscale retail stores such as Hermès, Boss, and Louis Vuitton; high-end restaurants such as DBGB and Centrolina; the large private law firm of Covington & Burling; and luxury residences.
Last week, Federal Housing Finance Agency, Freddie Mac and Fannie Mae released standardized Condominium Project Questionnaire forms.
According to Freddie Mac’s website, “The new forms provide greater consistency and clarity for lenders as they work to collect information to determine eligibility for mortgages secured by units in condominium projects.”
With more Millennials and other out-of-towners moving into the District for a taste of the fast-paced life in our nation’s capital, combined with “up-and-coming” neighborhoods sprouting like weeds- along with their rents-Washington, DC, faces an escalating affordable housing issue. To tackle these issues, we’re hosting our Fifth Annual Affordable Housing Forum on Thursday, March 24.
On January 13, 2016, the United States District Court for the District of Columbia issued an order upholding an arbitration provision contained in the recorded Bylaws of Millennium Square Residential Association in NW Washington, DC.
The Department of Consumer and Regulatory Affairs (DCRA) Business License Amnesty Program, which allows businesses (including District community associations) to become compliant with DC regulations requiring business licenses and corporate registrations without penalties, late fees, or delinquent filing fees, expires Monday, February 29.
The decision of the U.S. District Court for the District of New Jersey to reverse an earlier, published decision from U.S. Bankruptcy Court for the District of New Jersey has national consequences in limited super-priority lien states.
D.C. Council members are studying a controversial measure that would provide new protections for homeowners who are facing foreclosure by condominium associations for failure to pay monthly fees. We are a litigious society, with hundreds of lawsuits filed daily on issues ranging from pets to parking, paint jobs to patios.