Muskegon Holdings LLC v. VP LB13 LLC et al

  1. November 26, 2024

    Nonprofit Wins Right To Buy In LIHTC Verdict Against Investor

    A California federal jury allowed an affordable housing nonprofit to take possession of a 320-unit Long Beach complex built with low-income housing tax credits over arguments from an investor challenging the transfer after buying into a partnership for the development.

  2. October 31, 2024

    Calif. Judge Tees Up LIHTC Property Ownership Row For Trial

    A California federal judge largely refused summary judgment requests in a fight between three entities struggling for control of a Low-Income Housing Tax Credit-funded property in Long Beach, saying a jury must decide whether a contractual purchase provision was properly triggered.

  3. February 01, 2024

    Housing Investor Wants Nonprofit Counterclaims Dropped

    Muskegon Holdings LLC told a California federal court that it should toss a countersuit from two entities in its affordable housing partnership, saying that the claims are both improper and defective.

  4. December 20, 2023

    Calif. Housing Nonprofit Reverses Claims Onto LIHTC Investor

    Two entities in an affordable housing partnership are hitting back at Muskegon Holdings LLC's lawsuit accusing them of improperly trying to trigger a discounted price for their investment, saying the company is trying to wrongfully extract value from the property because it's no longer receiving tax benefits from it. 

  5. December 07, 2023

    Partnership Need Not Be Party To Tax Dispute, Judge Says

    An investor in a development that used federal low-income housing tax credits can pursue a lawsuit against its partners in the venture, even though the partnership itself is not a party to the case, a California judge said.

  6. July 20, 2023

    Housing Investor Challenges Nonprofit Takeover Attempt

    Muskegon Holdings LLC filed suit in California federal court against its two partners in an affordable housing development, claiming the duo is improperly trying to trigger a clause allowing them to purchase the property at a price below market rate.