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Real Estate & Property Law

: Law of the Land

Condemnation of Low-Income Housing Not Pre-empted by Federal Statutes

By Patty Salkin

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Evergreen Terrace, which contained 356 apartments, participated in the § 8 and § 221 programs since 1960, however in the late 1970?s the owner was in default on the mortgage loans and the Department of Housing and Urban Development (?HUD?) paid off the lenders and became the mortgage holder, foreclosed, and took title.  New West [...]

Full post as published by Law of the Land on August 31, 2009 (boomark / email).

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