In 1969, the building site, which consisted of nine tenement buildings, was gut renovated to create a single apartment building for low- and moderate-income families. Owner financed the project with a secured note and a below-market interest rate mortgage subsidized by the Federal Housing Administration, the predecessor to the U.S. Department of Housing and Urban Development (HUD). There is no dispute that the mortgage would mature in April 2011. As long as the building was...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
