78 SOUTH FIRST ST. HOUS. DEV. FUND CORP. v. CROTTY


150 A.D.2d 218 (1989)

78 South First Street Housing Development Fund Corporation et al., on Behalf of Themselves and Others Similarly Situated, Appellants, v. Paul A. Crotty, as Commissioner of The New York City Department of Housing Preservation and Development, et al., Respondents

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

May 16, 1989


This declaratory judgment action was instituted by several low-income housing development fund corporations challenging their tax assessments on the ground that the city had disregarded the use and resale restrictions on the properties in computing the assessments. The properties were acquired from the City of New York in 1982 after foreclosure against the previous owners, and were sold to plaintiffs without public auction or sealed bids through programs for the sale of city...

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