Richard Price focuses on real estate finance and regulation, affordable and rural housing and community development, government contracts, administrative law and legislation. He assists for-profit and nonprofit businesses and government agencies.
I focus on real estate finance and regulation in four different settings.
As a transactional attorney, I close transactions financed through complex commercial financing and federal and state financing programs including multifamily mortgage loans, tax credit equity and tax-exempt bond proceeds.
As a regulatory attorney, I assist clients with a broad array of approvals including mortgage assignments and property transfers. I also represent parties in fair housing, lead-based paint and RESPA compliance.
As a litigator I defend clients before HUD, USDA and federal courts concerning suspensions, civil money penalties, debarments and nonprocurement and procurement contracts. I build on my experience as a trial attorney in the Office of General Counsel at the U.S. Department of Housing and Urban Development for this work.
I am often involved with advocacy on new housing legislation. I’ve even advised non-governmental organizations about increasing housing opportunities in other countries. I have served on several housing industry boards and represent industry organizations. I enjoy writing and speaking about new issues affecting housing, administrative law, finance and real estate.
As we move into 2022 and year 3 of COVID issues, housing will reflect the societal and economic changes of the last two years. We have begun to “live with COVID” to a degree. The federal funding infusions, as well as the otherwise-brisk economy, have led more people to seek more and new housing accommodations. Affordable housing preservation and expansion continues to be a top-level issue, more so than for the past generation, and the demand for housing in general and need for affordable housing in particular are likely to continue through 2022. Government programs have taken on even greater importance in the current economy as people seek healthful housing choices.
Journal of Affordable Housing | July 26, 2021
Washington, DC Affordable Housing & Real Estate partner and Housing Regulatory team leader Richard Price and associate Rebecca Simon contributed this article discussing recent developments in the U.S. Department of Agriculture’s Rental Housing Service programs, funding issues that have created challenges to preservation, and preservation strategies that have been used to overcome, in part, the funding challenges.
CoStar News | December 23, 2020
Boston Community Development Finance partner Forrest Milder and Washington, D.C. Affordable Housing & Real Estate partner Richard Price comment on the low-income housing tax credit rate being fixed at 4% in Congress’ recently passed spending bill, and what that could mean in practical terms.
Affordable Housing Finance | September 10, 2020
Washington, D.C. Affordable Housing & Real Estate partner Richard Price contributed this article which breaks down some of the complexities of managing the Department of Housing and Urban Development’s multifamily programs.
Politico | May 14, 2020
This roundup of lobby hires mentions that apartment industry advocacy group National Multifamily Housing Council has hired Washington, DC, Affordable Housing and Real Estate partner Richard Price to lobby on amendments to the CARES Act.
Affordable Housing Finance | March 31, 2020
Washington, D.C. Affordable Housing and Real Estate partner Richard Price shares his perspective on the early impact of COVID-19 on the affordable housing industry, including how the federal government should respond.
George Washington University, J.D.
George Washington University, B.A.
Maryland
Pennsylvania
District of Columbia
U.S. District Court, District of Columbia
U.S. District Court, District of Maryland
U.S. Court of Federal Claims
U.S. Court of Appeals, Fourth Circuit
U.S. Court of Appeals, Tenth Circuit
U.S. Supreme Court
U.S. Court of Appeals, Federal Circuit
Richard was recognized in the 2014 edition of Washington, DC, and Baltimore's Top Rated Lawyers, a joint publication by ALM and Martindale-Hubbell. In 2003, he received the outstanding Leadership Award from the Apartment and Office Building Association of Metropolitan Washington (AOBA). In 2002, Richard received a Pro Bono recognition award from the Neighborhood Housing Services of New York City, Inc. He is AV Peer Review Rated by Martindale-Hubbell.
