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ARTICLE · 24 OCTOBER 2016

West Coast Real Estate Update: Oct. 17, 2016

Real estate projects that utilize federal NMTC financing recently received a reprieve from a state licensing requirement when the California Legislature passed Senate Bill 777.

United StatesReal Estate and Construction

Susan Jennifer Booth, Karl J. Lott and Douglas A. "Doug" Praw are Partners, Ashley K. Jason and Paul J. Park are Associates and Geoffrey M. Geddes is a Public Finance Project Manager all in our Los Angeles office Stacie Andra Goeddel and Robert M. Haight Jr. is a Partner in our San Francisco office.

California Legislature Revises De Minimis Exemption of Finance Lenders Law

Real estate projects that utilize federal New Markets Tax Credit (NMTC) financing recently received a reprieve from a state licensing requirement when the California Legislature passed Senate Bill 777. The bill provides that the California Finance Lenders Law (CFLL) does not apply to any person or business that makes only one commercial loan in a 12-month period.

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