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CREEKSIDE LTD. v. ALASKA HOUSING FIN.

Supreme Court No. S-17517.

482 P.3d 377 (2021)

CREEKSIDE LIMITED PARTNERSHIP; Creekside-Alyeska, LLC; and Community Development, Inc., Appellants, v. ALASKA HOUSING FINANCE CORPORATION, Appellee.

Supreme Court of Alaska.

March 12, 2021.

Attorney(s) appearing for the Case

Taylor B. McMahon , Law Offices of Royce & Brain, Anchorage, for Appellants.

Cynthia L. Cartledge and Megan N. Sandone , Jermain, Dunnagan & Owens, Anchorage, and Stefan A. Saldanha , Assistant Attorney General, Anchorage, and Kevin G. Clarkson , Attorney General, Juneau, for Appellee.

Before: Bolger, Chief Justice, Winfree, Maassen, and Carney, Justices. [Borghesan, Justice, not participating.]

OPINION

I. INTRODUCTION

A project developer that had used state-allocated federal tax credits for a low-income housing project sued the state housing authority, asserting an option to eliminate a contractual obligation to maintain the project as low-income housing for 15 years beyond the initial 15-year qualifying...

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