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Those serving in our armed forces had been subject to Congressional protection from foreclosure for a period of one year, a statue that was set to expire in December, 2014.  As of last Friday, they now enjoy an additional 13 months of protection under the Foreclosure Relief and Extension for Servicemembers Act of 2014. Bankruptcy Attorney David Chenelle was pleased to note that the act was passed unanimously by both the House and Senate last week. The act, intended to allow additional time for those returning from active service to recover their financial footing, also restricts the repossession of automobiles and other personal property, a measure that goes an extra step toward honoring military families. Add a comment

Long Sought For Pond in the north part of town has long been a summer gathering place for local residents as well as out-of-towners.  Summer cabins have existed on the lake for over a century but none were organized as a community association until recently.  Built on the site of a former campground, “Summer Village Condominium, A Seasonal Cottage Community” is available for occupancy by owners for ¾ of the year and represents a change in pace and scale from other summering spots.  Smaller buildings, thoughtfully designed exteriors and an emphasis on pedestrian circulation make it family friendly, affordable and community oriented.  Neighbors share fire pits, a clubhouse and recreational facilities, all with views of the lake.  As of August, new units were still going up in the wooded lots that fan out from the pavilion, lodge and beach that form the core of the community.  Visit their website at http://summervillagewestford.com

 

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The U.S House of Representative has agreed not to consider mortgage forgiveness as income in connection with a short sale.  This is an extension of the Mortgage Debt Forgiveness Act of 2014 and provides a measure of protection to those owners able to complete a short sale.  See more on the subject at: http://www.housingwire.com/articles/32265-short-sale-tax-break-passes-in-house Add a comment

By Attorney Scott Eriksen

A dog may be one man’s best friend, but to many condominium associations a dog can be a hassle, a nuisance or even a liability.  This is true not just for canines, of course, but for all sorts of furry friends. For this reason, many condominium documents incorporate provisions that restrict, or even prohibit, pets from common areas or units.  Properly drafted and incorporated in the governing documents, pet provisions have been held enforceable by the courts of this Commonwealth. However, there are certain situations where condominiums may be forced to allow pets regardless of what the governing documents state.

 

Many people are familiar with the Fair Housing Amendments Act of 1988 (“FHA”). The FHA makes it unlawful for an association to refuse to make “reasonable accommodations in rules, policies, practices, or services, when such accommodations may be necessary” to afford a “handicapped” individual equal opportunity to use and enjoy his or her dwelling. 42 U.S.C. § 3604(f)(3)(B). At first glance, the FHA’s application in a pet situation may seem clear.  Individuals who, as a result of a disability, require animal assistance should be permitted reasonable exception to condominium rules. It would be hard to imagine any association that would challenge the right of a blind individual to keep a seeing-eye dog on condominium property.  But what about an individual suffering from anxiety, hypertension, depression or alcoholism? Are these individuals afforded the same rights to “reasonable accommodations” to a condominium’s pet policy?  The short answer is: it’s certainly possible, and associations would be remiss to flatly deny these requests without at least considering the potential implications under the FHA and state law.

 

All associations must be aware that the term “handicap” is not limited to physical disabilities.  “Handicap” is defined under both federal and Massachusetts law to include “a physical or mental impairment which substantially limits one or more of [a] person’s major life activities.” 42 U.S.C. § 3602(h); M.G.L. c. 151B, §1(17).  This broad definition has been held to include the conditions referenced above, as well as numerous other mental and psychological disorders. What this means in many cases is that a “handicap” may not be physically determinable or readily apparent. This can create challenges for condominium boards tasked with evaluating requests for exceptions to an association’s pet policy.

 

Consider the following example: Tom Katz sends a letter to the Board to inform them that he needs a “reasonable accommodation” from the association’s pet prohibition to adopt and keep Hairball, a 15lb Persian cat who has no training as a “service animal.”  In support of his request, Tom indicates that he suffers from anxiety and that Hairball’s company is necessary to treat his condition. Tom also includes a letter from an out-of-state medical provider stating that Hairball is one means, but not the sole means, of treating Tom’s anxiety. The Board, fresh off an enforcement action against another unit owner for pet violations, is seriously opposed to John’s request. They do not believe Tom has met his burden to show Hairball is reasonable or necessary for him to use and enjoy his Unit.  Should they write a polite denial letter to Tom and refer him to the provision of the documents prohibiting cats?

 

The first thing the Board should do when it receives any correspondence which could be construed as a request for a reasonable accommodation is refer it to counsel.  The fact of the matter is that each of these requests and the attendant circumstances will likely be unique and different.  One thing that is clear from the case law regarding FHA and state law discrimination claims is that a “reasonable accommodation” analysis is a malleable analysis – there is no one size fits all.  This means it will be important for an association facing a request to gather as many facts as possible and present them to counsel for proper consideration in light of the law.

 

While the FHA and state discrimination laws can be unyielding in many respects, both federal and state courts have noted that the duty to make a “reasonable accommodation” does not simply spring from the fact that a unit owner wants the accommodation made.  The courts have given some meaning to the “reasonable” component of “reasonable accommodations,” stating in many instances that there must be a nexus between the animal and the disability in order to establish a valid claim under federal law.  In addition, reviewing authorities may also conduct a cost-benefit balancing test taking both the association’s and the requesting individual’s needs into account.  As noted above, however, there is no “bright line” rule for what is “unreasonable.”  In that respect, it is a bit like pornography – the courts just know it when they see it.

 

With this in mind, we turn back to Mr. Katz:  In advising the board on an appropriate course of action we might consider the Massachusetts Superior Court case of Nason v. Stone Hill Realty Ass’n, 5 Mass. L. Rep. 305 (Mass. Super. Ct. 1996).  In Nason, the court held that where an affidavit from a doctor did not indicate that a support animal was the sole means of addressing an owner’s disability, then the unit owner had not demonstrated that an accommodation was “reasonable and necessary.” This ruling was made in connection with a preliminary injunction request, however, and the court went on to note that there could be a basis on a “fully developed record for a finder of fact to determine that keeping the cat is necessary given Nason’s handicap.” “[T]he record before the court fails to clearly demonstrate the nexus between keeping the cat and [the Plaintiff’s] handicap sufficient to warrant the court to intervene at this juncture of the litigation.”

 

In light of the above, Mr. Katz’s board may have some basis for denying his request.  However, the board should be aware that doing so may not be the end of the story.  It is possible that Mr. Katz could claw back with a discrimination claim against the association.  Any given reviewing authority (a court or the Massachusetts Commission Against Discrimination, for example) may have a different perspective on what is “reasonable” and “necessary.”  If such a reviewing authority finds that a requested accommodation is in fact “reasonable,” the association may find itself in a hairy situation.

 

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This month’s edition of Condo Media has on its cover an image that promotes discourse among community association members.  The article, entitled “Words of Wisdom: Industry Veterans Share Their Best advice”, contains a response by Charlie Perkins who suggests transparency between board members and owners as a key component of a healthy community.  Surprise, says Perkins, is an aggravating aspect of any controversial decision and is to be avoided by appointing committees and fostering understanding among all involved.  For more information or to see the full article, go to the Condo Media website (http://www.caine.org/MediaMagazine/Default.asp) or email Charlie at cperkins@perkinslawp.com Add a comment
We have posted in the past about ways for first time buyers to make the buying process a bit smoother.  These have included managing expenses prior to the purchase, obtaining professional assistance during the transaction, and how to choose a lender.   Attorney Rick Dunn suggests the following link for more tips:  http://www.fool.com/how-to-invest/personal-finance/credit/2014/12/07/8-critical-steps-for-first-time-home-buyers.aspx. Add a comment
Real estate developer and P&A Client SPL Development Group, LLC has nearly finished the build-out on its project in Salisbury, MA called The Village at Salisbury Square.  With 27 units sold as of December 8, only four remain in the pocket style neighborhood.  As a way of reversing the long-standing trend toward single family homes on large lots, SPL president Steve Paquette has focused on community over cars and shared greenways and walkability over pavement and driveways.  Steve shares with many home buyers a desire to restore a sense of community to neighborhoods that began eroding after WWII.  This is done in large part by orienting facades toward each other and providing shared amenities for residents.  Three house plans of differing sizes and myriad options for finishes and conveniences make the choices for customizing nearly endless.  Energy efficiency in all buildings is also a priority.  P&A Managing Partner Rob Anctil invites people to view the website for more information on the project and on pocket neighborhoods in general:   http://www.thevillageatsalisburysquare.com/index.php Add a comment

After implementing borrower requirements for near-perfect credit scores and other stringent measures, some major lenders are reversing course.  This is due to Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) issuing new guidelines for lending which are expected to take effect in the coming weeks and will bring with them shorter loan application processing periods.  Closing Attorney Rick Dunn suggests borrowers read this article on the subject:

http://www.calculatedriskblog.com/2014/11/wsj-mortgage-lenders-set-to-relax.html

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By Attorney Scott Eriksen

 

For many New England community associations, the fall means more than just apple-picking, cool weather and leaf-peeping.  It also means association meeting time, and very often at those meetings you may hear the board, management or legal counsel invoke the wonder of “Robert’s Rules of Order.”  If you are like most people, you may have never heard of Robert and his Rules before, or if you have, perhaps only in passing. While the subject may seem a bit esoteric, rules of parliamentary procedure – of which Robert’s version is perhaps the most well-known and oft-used – are very handy in facilitating an organized, productive meeting.

We will come back to the important points of parliamentary procedure in a minute but first: seriously, who is “Robert” anyway?  Henry Martyn Robert was raised in Ohio, graduated fourth in his class from West Point in 1857 and served in the Corps of Engineers during the Civil War.  Robert’s claim to fame – his Rules of Order – originated here in the Commonwealth while Robert was living in New Bedford.  Legend has it that Robert authored the Rules in response to some difficulty he had leading a church meeting which devolved into chaos over abolitionist concerns.  Determined not to face an angry, Yankee mob unprepared again, Robert penned the first version of his now ubiquitious rules.

So that’s Robert in a nutshell – West Point alum, general, and engineer by training.  A man who sought and created a method to instill order, form and efficiency at meetings.  Now, back to the Rules themselves.  First, a reminder, Robert’s Rules is but one manual of parliamentary procedure.  To say a meeting is going to be run in accordance with Robert’s is to commit to that manual.  Often times it is more accurate to say that a meeting is going be run in accordance with some level of parliamentary procedure.  The level of formality may depend on the nature of the meeting, the size of the group and the participants’ knowledge of formal rules like Robert’s.  However, almost all meetings of owners warrant some level of formality to ensure a timely and effective review of the important matters at hand. So without further ado, our recommendations and pointers on implementing formal procedure at your next meeting:

  1. One Size May Not Fit All: Meeting formality is a sliding scale. Too much can be just as troublesome as not enough, and size matters when it comes to determining how best to proceed. Meetings with fewer participants (board meetings) may be run effectively with less formality, while too little formality at larger meetings may lead to delay, confusion and chaos. Adopt an approach that works for the size of the group involved.
  2. Be Consistent: Once you have settled on an approach to running the meeting, stick with it. Changing tack over the course of a single meeting will only lead to disruption.
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  4. Know Your Documents: The association’s governing documents are important in determining the application of rules of parliamentary procedure. What constitutes a quorum? What vote is necessary to carry an action? Are proxies allowed? The answers to these questions are typically set forth in association’s governing documents and individuals charged with overseeing a meeting should be familiar with their implications.
  5. The Motion: The motion is the basic building block of conducting formal business at any meeting. Under Robert’s Rules, the motion, made by an authorized member of the body, should be the starting point of virtually all discussions, votes or actions taken at a meeting. Recognized individuals may make a motion by simply stating: “I move to discuss the association’s budget for Halloween decorations…” or “I move that we discuss hiring Sno-Be-Gone to do our plowing this winter…” Most motions require a second in order to proceed. That is, another member of the body will say “I second the motion regarding the Halloween decorations,” or more simply “I second the motion.” Once this has been completed, the subject has been “put in play” and formal action may be taken. That is motion practice simplified to the extreme. Depending on how closely you follow Robert’s Rules, motions can be tricky. Some motions are debatable, while others are not. There are thirteen ranking motions. There are main motions, subsidiary motions, privileged motions, incidental motions, and bring back motions. It’s enough to make one’s head spin. For our purposes, suffice to say that a motion and a second are the “kickoff” of most discussions, actions and votes at meetings.
  6. General Organization of Meetings: For larger groups, an organized structure to a meeting will help move things along and keep everyone on topic. We recommend circulating an agenda in advance of the meeting to serve as a roadmap of what will be covered. The meeting is called to order at the appropriate time by the chair (usually a member of the governing board) or a moderator (perhaps counsel or a professional parliamentarian). A quorum must be established to take formal actions at the meeting. Once this has been completed the substantive topics of the meeting –discussions, votes or otherwise – should proceed in accordance with the agenda.
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  8. Voting: When a motion is made and seconded, the chair can put certain questions to a vote of the assembly. The question (sticking with the example above, “Whether to increase the budget for Halloween decorations”) is put to the assembly and then subject to debate. The chair or moderator calls upon members of the assembly in turn – giving them “the floor” – to speak for or against the question. All debate should be confined to the question at hand. Once all of the members of the assembly who wish to speak have done so, the question is put to vote. Votes may be conducted by show of hands, voice or ballot. As noted above, the necessary vote depends on the governing documents.
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  10. Keeping Minutes: Minutes are an important record of all meetings. A member of the governing board or, in some cases, a management agent should be designated to take minutes. The minutes should, at a minimum, include the following information: the type of meeting (annual, special, etc.), the name of the association, the location of the meeting, the date and time the meeting was called to order, whether a quorum was established, descriptions of all motions, actions and votes taken, and the time of adjournment.
  11.  
  12. And Last, But Not Least: After a long night, perhaps the most awaited action of any meeting is adjournment. A motion is made to adjourn, seconded, put to the body and – assuming everyone present has had enough fun – the meeting is closed.
Entire books have been devoted to the subject of parliamentary procedure, and this article is only the proverbial “tip of the iceberg.”  The goal here is to provide a handy (but brief) overview of some important points and tips to help keep meetings in order.  We strongly suggest that those interested in the subject dig deeper, and we would be happy to provide our list of recommended reading on the subject.

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Not interested in inner city living or unable to pay $700K for a condo?  Managing partner Rob Anctil points out an article in Boston Agent Magazine that cites a Warren Group study on the proliferation of condominiums in places other than those well known to younger buyers.  Melrose, the tidy suburb to the northwest, has numerous single family residences but few may realize there are increasing numbers of attached dwelling units and the values are rising.  The same is true in Plymouth and elsewhere.  Communities around Boston with industrial or even semi-rural histories are now seeing conversions as well as new condo development much as Cambridge, Somerville and Arlington did in decades past.  The increase in available units and in values for condominiums in interesting communities may suggest them as a home-shopping destination for new buyers.  See the article here: http://bostonagentmagazine.com/condo-hotspots-greater-boston/ Add a comment
Perkins & Anctil’s Lead Bankruptcy Attorney David Chenelle recently received recognition from the United States Bankruptcy Court, District of Massachusetts in the form of a certificate signed by Chief Judge Frank J. Bailey.  The Recognition Award Program seeks to identify those in the legal profession who have improved the availability of or have delivered volunteer legal services in the District of Massachusetts. The Awards recognize those who have served their local communities as well as assisted in the administration of justice in the United States Bankruptcy Court.  David’s commitment to providing “Equal access to justice” and to performing Pro Bono work and in addition to his regular case load have made him a repeat recipient of this honor. Add a comment
The recent J.D. Power U.S. Primary Mortgage Origination Satisfaction Survey suggests this is due to less than thorough transparency on the part of lenders and borrowers. First time buyers report a lack of understanding of the process while lenders find clients can be less than forthcoming regarding their financial situations.  The results can lead to confusion, a borrower ending up with a mismatched product or even abandoning the idea of home-buying.  Closing Attorney Rick Dunn came across this article with some pointers for first time buyers:  http://realtytimes.com/consumeradvice/mortgageadvice1/item/31697-20141121-dont-assume-you-cant-get-a-mortgage-loan Add a comment

Lack of agreement in rulings by the Supreme Court and by one District Court has resulted in some homeowners being relieved of responsibility of paying off second mortgages and not others.  At issue is whether a house that is underwater permits a borrower’s second mortgage to be voided by the bankruptcy court-the junior loan being worthless the vast majority of the time in such cases.  Bankruptcy Attorney David Chenelle recommends the following article for clarification:

http://www.ksl.com/?nid=151&sid=32386819&title=court-to-consider-when-second-mortgage-can-be-void

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Federal Home Loan Mortgage Corporation chief economist Frank Nothaft has noted that 30-year fixed rate mortgages dropped below 4% in mid-October, their lowest since 2013.  They remain at 3.99% as of November 21, signaling a strengthened purchase mortgage market.  Closing Attorney Rick Dunn forwards the following link:  http://realtormag.realtor.org/daily-news/2014/11/21/spread-word-mortgage-rates-below-4 for further information. Add a comment

Many people are of the belief that the mortgage crisis that began in 2007 was brought about by underqualified first time buyers defaulting on loans that were too readily available.  Bankruptcy Attorney Dave Chenelle points out a November 14th, 2014 New York Times article by Bethany McLean that states otherwise. Her research indicates the majority of bad loans were a result of cash-out refinances of existing mortgages.  Using the mortgage as a source of credit can be the only way for some to meet their financial needs but the combination of rising home values and falling interest rates will definitely lead to a correction.  People interested in the full article can see it here:

http://www.nytimes.com/2014/11/14/opinion/a-house-is-not-a-credit-card.html?ref=opinion&_r=2

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After state and local entities pledged hundreds of millions of dollars in cutbacks to support the city’s re-worked pension plan, U.S. Bankruptcy Judge Steven Rhodes called the agreement a miracle.  While retired workers will accept a reduction in income and benefits, the plan guarantees the checks will continue to come for the rest of their lives.  This is in spite of the fact that the annual income of the fund is less than half of the payout.  An independent fiscal expert named by Judge Rhodes did, however, find the plan feasible but only in light of actuarial practices such as “rolling amortization”.  A debate among those in the risk management industry has ensued.  Bankruptcy Attorney David Chenelle forwarded a link with the full article:  http://dealbook.nytimes.com/2014/11/11/detroit-emerges-from-bankruptcy-pension-risk-still-intact/?emc=edit_dlbkam_20141112&nl=business&nlid=66184561&_r=1 Add a comment
There are so many borrowing options available today, it can be off-putting when it comes time to choose.  Judging by the volume of television and radio advertisements, internet pop-ups and new storefronts seeking a piece of the market, the numbers of borrowers is on the increase.  In order to understand the benefits and drawbacks associated with lenders large and small, old and new, closing attorney Rick Dunn suggests the following article published at Porch.com:  http://porch.com/advice/know-choose-right-mortgage-company/ Add a comment

By: Scott Eriksen, Esq.

We have all heard, and probably used, the “bad apple” idiom at one point in our lives.  You know, the one that goes something like: “All it takes is one bad apple to spoil the bunch.”  There is literal scientific truth to this statement.  A ripening/decaying apple emits ethylene gas, a naturally occurring plant hormone, the release of which will speed up the ripening (molding/decaying) of nearby apples (or other fruit).  That’s useful trivia, but of course most of the time when we hear about “bad apples” it’s in the metaphorical sense of the word.  Still the principle behind the phrase – that one “bad” member of a group can “spoil” the bunch – is a meaningful one, particularly in the community association context.

“Bad” unit owners can make life miserable for their neighbors, as we have discussed many times in the past, but they aren’t the only ones.  A “bad” Board member can be just as troublesome, if not worse than, a misbehaving unit owner.  Board members stand in a fiduciary role – and owe duties of loyalty and care to the association they serve.  When a member of the Board goes “bad,” the consequences are often worse as result of these obligations.  In addition, the Board often has access to confidential information, association funds and also maintains a degree of power over the enforcement of the governing documents.  In this position, the potential for truly “bad” acts – misappropriation of funds, unauthorized and unlawful dissemination of confidential information, selective enforcement of rules and regulations, etc. – is significant.  On top of that, presumably most Board members have been elected by earning the trust and confidence of their neighbors and peers.  A breach of this trust not only creates resentment, it may create liability and expense for the association as well.

So how does one deal with “bad” Board members before they create real problems for the community?  Well, the first step is to identify them.  Throughout this article I’ve had the word “bad” in quotations.  That’s because I was trying to stay with the metaphor but even though to me it sounds juvenile to call a trustee “bad,” – like something my two-year-old daughter might say for lack of a more descriptive or colorful adjective.  Yet the real reason I’ve highlighted the term throughout is because the word “bad” can mean many different things in the Board member context.  A “bad” trustee may be dishonest, self-dealing, reckless, belligerent, oppressive, apathetic, obdurate or any number of other things.  In our experience, we have had the good fortune of dealing with mostly “good” trustees – those who assume the often thankless position with genuine interest, attention and the community’s best interests at heart.  However, we have seen the opposite as well: those who seek to serve for the wrong reasons, or who have abandoned the right reasons somewhere along the way.  Boards must be vigilant for these individuals, as their actions can taint the ownership’s perception of the entire Board, in addition to causing actual problems for the association.

If you have identified a “bad apple” in your bunch, you have to decide how best to deal with him.  Occasionally, an honest conversation – rather than confrontation – behind closed doors about the offensive behavior may help to right the ship.  Depending on the nature of the bad actor’s conduct, however, more drastic measures may be required. Generally, if there is consensus among the other Board members that it is only one of their number who is “bad,” it may be possible (and less disruptive to the community) to seek his or her resignation.  As counsel, we have made demands upon individuals “requesting” their resignations – lest the association explore more aggressive methods to address their “bad” actions.  This can be a face-saving measure for the individual in question, as well as a more economic and expedient route for the association.

If worse comes to worst, however, the association may have to consider formal removal of the “bad” member pursuant to its governing documents.  Most documents – whether trusts or by-laws – provide a mechanism for removing Board members.  The best of these provisions allow for removal “with or without cause.”  Some provisions require a “due process” hearing before the Board or association prior to removal, and many require a vote of the ownership.  If you find yourself in a position where you have to remove a Board member, it is critical to carefully consult the governing documents to ensure that you follow the correct procedure.  Assuming that you do abide by the terms of the documents, the courts of this Commonwealth have generally upheld removals as proper acts.

One final point comes up in the context of small associations: duplex or triplex style condominiums, where there are two or three trustees and obtaining a “majority” can be difficult if not impossible.  In these situations, one “bad” apple is a particular curse – as the lone “good” trustee may find it impossible to properly administer the association.  Fortunately, even in such circumstances as this, there may be a remedy at hand. In the recent case of Hancock v. Chambers, 85 Mass. App. Ct. 1106 (Mass. App. Ct. 2014), the Appeals Court upheld the removal of a duplex condominium owner as a trustee of the association. The governing document in the Hancock case provided that a trustee could be removed either “(a) with or without cause by the vote of the Holders of the majority in interest of the Beneficial Interests, but such removal shall take effect only when approved by vote of a majority of the Trustees then in office, exclusive of the Trustee or Trustees to be removed; or (b) for cause by vote of a majority of the Trustees then in office.”  The trust also provided that “[a]t any meeting of the Trustees, a majority of the Trustees then in office shall constitute a quorum” and that trustees could act “by a majority vote at any meeting at which a quorum is present. In no event shall a majority consist of fewer than two Trustees…”  The defendants in the case argued that the removal of a trustee was improper because it occurred at a meeting without a quorum.

The Appeals Court didn’t bite.  Instead, they ruled that “[b]ecause the trust at issue has only two trustees, literal application of these provisions would render impossible the removal of Chambers as trustee. Neither method of removal under [the trust] would be feasible.  Pure obstinacy would guarantee that the majority of trustees would never reach the required number of two. By refusing to attend a meeting at which the plaintiffs sought her removal, a trustee could ensure her permanent place as a trustee.”  Rejecting this outcome as contrary to “common sense,” the Court concluded that the plaintiffs properly removed Chambers as trustee…” where the plaintiffs, as the owners of one of the duplex units, were “‘the Holders of the majority in interest of the Beneficial Interests’” and one of the plaintiffs was “a majority of the Trustees then in office, exclusive of the Trustee or Trustees to be removed.”  This ruling offers an important tool for individuals who find themselves stuck in a small condominium with a rotter for a co-trustee.  So don’t let “bad apples” spoil your barrel – whether it’s big or small.

 

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On Friday, November 14, 2013, Rob Anctil spoke to a group of 48 real estate professionals at a lunch and Learn event at the Northeast Association of Realtors.  Topics ranged from the process of transition from developer control to insurance policies to unit rentals.  A sidelight of the talk was the fact that the residential condominium market is gaining momentum.  This lecture is part of a series of lectures that Perkins & Anctil will be hosting in the months to come.

If you were unable to attend, please click here to download material presented at the lunch and learn series.

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Bankruptcy Attorney David Chenelle notes that a Cape Cod real estate developer has filed for Chapter 11 bankruptcy protection.  As reported in the Boston Business Journal by Eric Convey, Stephen G. Powers, Manager of Forestdale Village LLC and developer of the project by the same name in Sandwich, MA was planning a mixed-use development which was to focus on both the 55+ community and military veterans.  Other interesting aspects of the project include its Chapter 40B status and emphasis on accessibility and open space.   More information is available at the links below:

http://www.bizjournals.com/boston/real_estate/2014/11/developer-of-cape-cod-55-plus-community-files-for.html

http://www.capecodbusiness.com/2010/08/mixed-use-village-proposed-in-forestdale/

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