Richard Price

Biography

Richard Price’s law practice focuses on real estate finance and regulation, housing and community development, government contracts, and administrative law. He regularly represents clients in transactions, administrative proceedings, and civil litigation.

As a transactional attorney, Richard closes transactions financed with HUD and USDA multifamily mortgage loans, tax credit equity, and tax-exempt bond proceeds. As a regulatory attorney, he assists clients with a broad array of approvals including mortgage assignments and property transfers.

Richard defends parties before HUD, USDA, and federal courts concerning suspensions, civil money penalties, debarments, and nonprocurement and procurement contracts. He represents parties in regulatory matters such as lead-based paint enforcement and HUD previous participation clearance.

Additionally, Richard is often involved with drafting legislation and has advised parties about affordable housing issues internationally.

Before joining Nixon Peabody LLP, Richard worked as a trial attorney in the Office of General Counsel at the U.S. Department of Housing and Urban Development. He also served two terms as a commissioner and one term as chairman of the Commission on Common Ownership Communities, Montgomery County, Maryland. He served as coordinator of the Housing and Urban Policy Working Group for the Clinton/Gore ’92 Committee.

Richard has chaired the Governmental Incentives Committee of the Section of Real Property, Trust and Estate Law of the American Bar Association. He has been a director of the NHS Mortgage Corp and co-chaired the American Bar Association’s Eighth Annual Conference on Affordable Housing and Community Development Law (June 1999).

He served on the board of the Real Estate, Housing and Land Use Section’s newsletter for the District of Columbia Bar and the Board of Advisors for the Assisted Housing Financial Management Insider. He has been actively involved with the Council for Affordable and Rural Housing, the National Leased Housing Association, and the Mortgage Bankers Association. Richard has written numerous articles and regularly lectures at national educational conferences on various topics, including mortgage sales, workouts, HUD enforcement, fair housing, rural housing and the low-income housing tax credit.