FEDERAL HOME LOAN MORTG. v. NEW YORK STATE DHCR

No. CV-93-3717.

854 F.Supp. 151 (1994)

FEDERAL HOME LOAN MORTGAGE CORPORATION, Plaintiff, v. NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL, Defendant.

United States District Court, E.D. New York.

June 3, 1994.


Attorney(s) appearing for the Case

Richard S. Fischbein, Kenneth G. Schwarz, Pamela A. Phillips, Fischbein Badillo Wagner & Itzer, Mitchell A. Rothken, Sr. Counsel, FHLMC, New York City, for plaintiff.

Gary R. Connor, Karen S. Smith, Marissa Piesman, Asst. Attys. Gen., New York City, for defendant.


MEMORANDUM AND ORDER

GLASSER, District Judge:

The parties to this declaratory judgment action seek a judicial determination regarding whether an apartment dwelling that was subject to New York's rent stabilization law prior to the building's conversion to cooperative ownership reverts back to rent regulatory status upon the demise of the cooperative. Plaintiff has moved for summary judgment pursuant to Fed.R.Civ.P. 56, while defendant has cross-moved...

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