Trammell Crow Residential settles ERC suit

Multifamily Executive has the latest update on the discussions between Trammell Crow Residential and the Equal Rights Center. MFG mentioned this in an earlier post.

The DC-based Equal Rights Center, which focuses on Fair Housing and ADA compliance, sued Trammell Crow Residential in June 2008. In a September 2008 article in MFE, prior recipients of ERC actions were criticized for quickly settling. “From an industry perspective, the Archstone folks didn’t raise any of the legal or factual issues or put up a fight. They entered into a settlement that many of the companies in the industry said they would never do.”

Trammell Crow Residential agreed to fund a 10-year, $1.5mm program with ERC to aid multifamily developers with compliance issues. Additionally, Trammell will rehab 4,500 units by improving accessibility.

(Via Multifamily Executive.)