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VILL. VIEW HOUS. CORP. v. HOUS. & DEV. ADMIN. OF THE CITY OF NEW YORK

54 A.D.2d 881 (1976)

Village View Housing Corporation, Appellant, v. Housing & Development Administration of the City of New York et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

November 23, 1976

Unanimously modified on the law, without costs and without disbursements, so as to strike the first two decretal paragraphs and substitute therefor a declaration that the "interest" payable by plaintiff pursuant to the first unnumbered paragraph of the mortgage and the first unnumbered paragraph of the mortgage note, shall be the sum of: (a) the rate allocable to the interest paid or payable by the mortgage payee, the City of New York, for funds used to finance the loan as...

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