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BANK OF NEW YORK v. REGIONAL HOUSING AUTH.

No. 24,128.

120 P.3d 471 (2005)

138 N.M. 389

2005-NMCA-116

BANK OF NEW YORK, a New York banking corporation, Plaintiff-Appellee/Cross-Appellant, v. REGIONAL HOUSING AUTHORITY FOR REGION THREE, New Mexico, Region Three Housing Authority, New Mexico, Inc., and Villa Hermosa Affordable Housing Corporation, and Jo An Garcia, Defendants-Appellants/Cross-Appellees.

Court of Appeals of New Mexico.

July 5, 2005.

Attorney(s) appearing for the Case

John S. Campbell, Campbell & Wells, P.A., Albuquerque, for Plaintiff-Appellee/Cross-Appellant.

Robert M. Strumor, Hughes & Strumor, Ltd., Christal K. Grisham, Albuquerque, for Defendants-Appellants/Cross-Appellees.

OPINION

ALARID, J.

BACKGROUND

{1} Plaintiff, Bank of New York (the Bank), is a New York banking corporation. Defendant, Regional Housing Authority for Region Three, New Mexico (the Authority), is an entity organized under New Mexico law for the purpose of providing low income housing. See NMSA 1978, §§ 11-3A-1 to -29 (1994, as amended through 1995). Defendants, Region Three Housing Authority, New Mexico, Inc. (Region III...

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