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PARKWAY TOWERS ASSOCIATES v. GODFREY

No. 96-39-Appeal.

688 A.2d 1289 (1997)

PARKWAY TOWERS ASSOCIATES v. Richard H. GODFREY, Jr., in His Capacity as Executive Director of the Rhode Island Housing and Mortgage Finance Corporation. DIAKONIA ASSOCIATES, LIMITED PARTNERSHIP v. Richard H. GODFREY, Jr., in His Capacity as Executive Director of the Rhode Island Housing and Mortgage Finance Corporation.

Supreme Court of Rhode Island.

February 3, 1997.

Attorney(s) appearing for the Case

William Mark Russo and Joseph Avanzato, Providence, for Plaintiff.

Peter J. McGinn, Providence, Steven M. Richards, for Defendant.

OPINION

FLANDERS, Justice.

The plaintiffs, Parkway Towers Associates (Parkway) and Diakonia Associates, Limited Partnership (Diakonia), are developers of government-subsidized housing. They appeal from the Superior Court's entry of a declaratory judgment upholding the validity of certain mortgage-prepayment regulations promulgated by the defendant, the Rhode Island Housing and Mortgage Finance Corporation (RIHMFC), a public entity created to facilitate...

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