COLEMAN, Circuit Judge.
In May, 1974 the United States Department of Housing and Urban Development (hereafter "HUD"), acting under the authority of Section 221(d)(3) of the National Housing Act as amended, 12 U.S.C. § 1715l, agreed to insure loans for a low income housing project in Flora, Mississippi. The project was to be called The Pride Gardens Apartments. The project was sponsored by two non-profit organizations, Delta Real Estate Development, Inc...
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