IN RE TAX CREDIT APPLICATION OF PENNROSE PROPERTIES, INC.


788 A.2d 787 (2002)

346 N.J. Super. 479

In re TAX CREDIT APPLICATION OF PENNROSE PROPERTIES, INC.

Superior Court of New Jersey, Appellate Division.

Decided January 15, 2002.


Attorney(s) appearing for the Case

Hill Wallack, attorneys for appellant Eastampton Center, L.L.C., (Thomas F. Carroll, III, Princeton, on the brief).

Wolf, Block, Schorr and Solis-Cohen, attorneys for respondent Pennrose Properties, Inc., (Gregory A. Lomax, Cherry Hill, of counsel and on the brief).

John J. Farmer, Jr., Attorney General, attorney for respondent, New Jersey Housing and Mortgage Finance Agency filed a statement in lieu of brief, (Michael J. Spina, Deputy Attorney General, on the statement).

Before Judges WEFING, LESEMANN and PARRILLO.


The opinion of the court was delivered by LESEMANN, J.A.D.

Eastampton Center, L.L.C. (ECLLC), a developer in the Township of Eastampton ("Eastampton" or "the Township"), appeals from a decision of the New Jersey Housing and Mortgage Finance Agency (HMFA) which awarded Pennrose Properties, Inc. (Pennrose), another developer in Eastampton, over $1,000,000 in low income housing tax credits to facilitate construction of a 100 unit rental townhouse complex for low income...

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