Category: Real Estate Law
Rachel Schwankl Selected for Fridley Housing & Redevelopment Authority
October 21, 2019 | Barna, Guzy & Steffen, Ltd.Rachel Schwankl, Real Estate Paralegal at Barna, Guzy & Steffen, was recently appointed to the Housing and Redevelopment Authority (“HRA”) in Fridley, MN. According to the City website, “In 1947, the Minnesota Legislature created the Municipal Housing and Redevelopment Act, which authorized cities to create Housing and Redevelopment Authorities (HRAs) charged with improving “substandard conditions” characterized by “dilapidation, obsolescence, overcrowding and faulty arrangement or design of buildings and improvements.”Fridley’s HRA was established in 1965 and today plays an active role in developing and redeveloping the City. HRA projects are designed to enlarge the tax base, create jobs, and create vital, attractive businesses in blighted or underdeveloped areas of the City. The HRA is empowered to carry out housing rehabilitation programs and redevelopment projects that create new housing opportunities. The HRA also makes use of State and Federal programs to provide housing rehabilitation assistance to those that qualify. Examples of State programs include the First Time Home Buyer Program, the Minnesota Fix-Up Fund, and the Home Energy Fund. Federal programs include the Community Development Block Grant Program and HUD’s HOME program. Housing and Redevelopment Authority Services: Business site selection assistance; Local tax structure and tax increment financing districts data and analysis; Guidance on available City programs and other programs for various types of projects;…
Read MoreMinnesota Deed Registry Tax Update
October 4, 2019 | Tammy J. SchemmelThe Minnesota Department of Revenue recently announced a change to how Deed Taxes are calculated, effective for deeds recorded in Minnesota beginning January 1, 2020. While the minimum deed tax amount remains $1.65 for non-exempt transactions, the threshold or minimum net consideration was increased from $500.00, to $3,000.00. See Minnesota Statute 287.21(b). Connect with a professional Real Estate attorney at Barna, Guzy & Steffen in Coon Rapids, MN for all of your real property legal needs.
Read MoreBGS Adds Experienced New Attorney to Real Estate/Banking Department
February 20, 2019 | Barna, Guzy & Steffen, Ltd.Barna, Guzy & Steffen LTD. is pleased to announce the addition of a new attorney to our firm. Joseph J. Deuhs, Jr. brings to BGS extensive expertise in representing financial institutions and commercial real estate owners. He will work closely with attorneys practicing in the firm’s Real Estate/Banking Department as he works with existing and new clients. Deuhs joins BGS after practicing for more than 25 years at the law firm of Leonard, O’Brien Spencer Gale & Sayre, LTD in Minneapolis where he began as an Associate in 1990. His extensive legal expertise in providing representation to financial institutions includes decades of counsel in matters of commercial lending transactions, workouts, restructures, enforcement of creditors’ remedies and other banking matters. Deuhs also has experience in commercial real estate matters in areas including acquisitions, financing, development and leasing. His addition to the firm solidifies Barna, Guzy and Steffen’s commitment to providing its clients the assistance of qualified and experienced attorneys working within the highly regulated banking community. During his career, Deuhs has been recognized as a Super Lawyer and Martindale-Hubbel AV rated lawyer. He is a 1986 graduate of Hamline University School of Law and was admitted to the Minnesota State Bar Association the same year. He is also a member of the U.S. District…
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