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Equity Residential was sued in a class action in 2017 due to allegations that it charged late payment fees in violation of California law. [20] [21]In 2022, the company agreed to pay approximately $2 million to settle a lawsuit filed by Attorney General for the District of Columbia Karl Racine alleging that the company offered misleading rent discounts on a rent-controlled building in ...
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Equity Residential's (EQR) Q4 results reflect better-than-expected rental income. The company is experiencing better operating trends with sequential improvement in physical occupancy and pricing.
Cityfunds, for example, gives everyday investors direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying ...
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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Greystar were subsequently found to have been negligent and were required to pay $860m damages to the 17 plaintiffs, including the parents of the deceased. The court in Dallas found that Greystar had violated safety regulations in several ways, including the presence of a Greystar sign on top of the crane which was a contributing factor to its ...
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