Richard Michael Price

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?

2020 seems to be a year of change, already. Housing production demand remains high, and a good interest rate environment continues. Market conditions are favorable for more affordable housing, but regulatory barriers and changes are creating a drag on production. Opportunity Zones have been helpful, but more for commercial development than for housing.

Publications and Presentations

• “Owner/Manager Best Practices Roundtable,” 2020 NLHA Mid-Year Meeting, Indian Wells, CA, February 6, 2020
• “Accessibility and the Web,” CARH 2020 Midyear Meeting, New Orleans, LA, January 27, 2020
• Housing Association of Mississippi, 2019 Annual Convention, October 23-25, 2019 (development issues, federal housing policy)
• “The Changing REAC Landscape & What It Means For Your Company,” NH&RA Fall Developers Forum 2019, October 16, 2019
• CARH Annual Meeting, “Understanding Washington-Analysis by CARH’s Capital Insiders,” June 24, 2019
• Institute for Responsible Housing Preservation, “Opportunities in Today’s Marketplace,” May 9, 2019
• Carolinas Council for Affordable Housing: 2019 Annual Conference, April 28-30, 2019 (legislative update, tax-exempt bonds)
• “Affordable Housing Opportunity Zones” Lorman (Webinar Course) (Presenter), April 26, 2019
• NAHB International Builders’ Show, “Qualified Opportunity Funds,” February 20, 2019
• National Council of State Housing Agencies, January 7, 2019 (rural housing, housing credits)
• 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)