Price Richard Michael

Richard Michael Price



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. Richard is the editor-in-chief of Nixon Peabody’s Affordable Housing and Community Development blog.

What do you focus on?

I focus on real estate finance and regulation in four different settings.

Transactional

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.

Regulatory

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.

Litigation

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.

Advocacy

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.

What do you see on the horizon?

Continued periodic volatility in equity markets and upward pressure on interest rates will raise costs for affordable housing and community development. That will put more pressure to use more funding sources, increasing transaction complexity. At the same time, interest in Opportunity Zones will increase as 2019 progresses.

Publications and Presentations

  • “The Changing REAC Landscape & What It Means For Your Company,” NH&RA Fall Developers Forum 2019, October 16, 2019
  • Bisnow’s DC Opportunity Zones: Everything You Need to Know to Capitalize on this New Law Finding the Best Returns in DC O-Zone Investing, October 16, 2018
  • RAD Progress and Best Practices, June 20-22, 2018
  • Alabama Affordable Housing Annual Meeting, May 22, 2018
  • Housing and Development Law Institute, May 17-18, 2018 (RAD audits, and lead-based paint).
  • Owner/Manager Best Practices Roundtable, National Leased Housing Association, January 24, 2018
  • Metropolitan Washington Council of Governments, Housing Directors Advisory Committee, January 18, 2018 (tax reform, opportunity zones).
  • “Preservation through Portfolio Sales,” Novogradac Tax Credit Developers Conference, January 2018
  • “What’s New with HUD & RD?” Ohio Housing Council Fall Symposium, October 4, 2017
  • “The Future of Rural Low Income Housing Tax Credits,” New York State Rural Housing Coalition, September 12, 2017
  • National Leased Housing Association, Annual Membership Meeting, June 22–23, 2017 (RAD)
  • Novogradac Affordable Housing Conference, May 26, 2016, May 19, 2017 (HUD finance and enforcement)
  • “Affordable Housing Preservation,” Institute for Responsible Housing Preservation, May 16–17, 2017 (inspections, previous participation clearance)
  • Marcus & Milichap/IPA Multifamily Forum DC 2017, March 28, 2017 (federal housing policy and funding)
  • Bisnow’s Sixth Annual DC Region Affordable Housing Conference, February 9, 2017 (DC area housing market and programs)
  • Council for Affordable and Rural Housing, Mid-Year and Annual Meeting 2017 (USDA housing programs, low income housing tax credit)
  • “An Exploration of Federal Rural Rental Housing Policy,” National Rural Housing Coalition, October 4, 2016 (housing finance)
  • “The Developer-Syndicator Relationship,” Novogradac Affordable Housing Conference, May 26–27, 2016
  • Alabama Affordable Housing Association, Annual Meeting, 2016
  • “Affordable Housing Preservation: A Look Ahead,” Institute for Responsible Housing Preservation, May 6–7, 2014, and April 28 and 29, 2015 (mark-to-market)
  • Housing Assistance Council, December 3–5, 2015 (low income housing tax credit)
  • “Overview of federal housing structur——HUD non-procurement government contracting,” Lawline CLE webinar, June 13, 2014
  • “Fair Housing and Housing Accessibility—An Overview,” Lawline CLE webinar, June 13, 2014
  • “Qui Tam,” Lawline CLE webinar, June 13, 2014
  • “Overview of Federal Housing Structure: HUD Non-Procurement Government Contracting,” Lawline (webinar courses) (presenter/co-author/author), June 2014
  • “Fair Housing and Housing Accessibility Law: An Overview,” Lawline (webinar courses) (presenter/co-author/author), June 2014
  • Florida CARH Annual Meetings, 2014 (federal housing law)
  • Michigan Rural Development Council, 2014 Annual Meeting (federal housing issues)
  • “TOPA: The Tenant Opportunity to Purchase Act,” Lawline (webinar courses) (presenter/co-author/author), September 2013
  • National Housing & Rehabilitation Association, July 24–27, 2013 (HUD and RD)
  • “Tax Credit Property Dispositions Plus Affordable Housing Update,” Institute for Professional and Executive Development, July 11–13, 2013 (co-chair; federal budget and subsidies)
  • Washington State Council for Affordable and Rural Housing, AHMA/CARH Joint Conventions, 2013 (federal budget, federal housing law)
  • AHF Live, November 14-22, 2012 (preserving older tax credit properties)
  • Nevada Council for Affordable Housing, Annual Conference, 2010 (federal appropriations)
  • ABA Real Property, Trusts & Estates Law, speaker or moderator at multiple conferences from 2007–2009 (new markets tax credit; housing finance in Washington, DC)

Consensus forming on housing credits, but hurdles remain

Law360 | August 01, 2017

Washington DC affordable housing partner Richard Price is quoted in this article about the Senate Finance Committee's hearing regarding the potential increased availability of affordable housing tax credits.

Contact

Richard Michael Price

Partner

Washington, DC

Phone: 202-585-8716


Fax: 202-585-8080

George Washington University, J.D.

George Washington University, B.A.

Maryland

Pennsylvania

District of Columbia

U.S. District Court, District of the 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.

  • NHS Mortgage Corp., Director, Board of Directors, (2007-2009)
  • Governmental Incentives Committee, Real Property Division, American Bar Association Chair (2010-2012), Vice-Chair (2006-2009)
  • Montgomery County Commission on Common Ownership Communities, Chair, Commissioner (2002)
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