Real estate partner Craig Gianetti was quoted in an article titled "Affordable Housing Developers Anxious amid Tax Uncertainty" (subscription required) that was published by Law360. The article discusses how the affordable housing community is waiting to receive clarity from Washington regarding the Administration's proposed reform to the corporate tax rate. Craig discussed how the tax uncertainty has created volatility in what investors are willing to pay for low income housing tax credits that can be applied against federal corporate income tax. This has impacted projects that have been in the development approval process since before the election. "The flux we're in now is there's a market for this," Craig told Law360. "When the developer is looking to do a project, they can't apply for the tax credits until they have preliminary approval from the town for the development."
On November 18, the Morris County Bar Association will hold their 2020 Legalpalooza.
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On September 14, Patricia "Paty" Jimenez served as a panelist for the session, "Ethical Issues That Can Arise in Commercial Real Estate Transactions," at the Connecticut Bar Association's Virtual Connecticut Legal Conference.
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Katharine Coffey and Christopher Stracco, both partners at Day Pitney, were quoted by Law360 in the article, "Virus Creates Opening For Office Market In NJ Suburbs."
April Condon has been elected to a three-year term as Vice Chairwoman of the Stamford Partnership, a nonprofit that focuses on improving the city's business climate and public services.
On July 15, the New Jersey Supreme Court issued its much awaited decision in Christian Mission John 3:16 v. Passaic City. The court granted certification on an appeal from the Appellate Division, which affirmed a decision of the Tax Court rejecting a property tax exemption for a church in the City of Passaic.
Craig Gianetti, a partner in Day Pitney's Real Estate & Land Use group, has been elected to serve as Chair of the Land Use Law Section of the New Jersey State Bar Association (NJSBA).