Court Affirms 1998 Ruling for Government in Prepayment Case

摘要

The U.S. Court of Federal Claims upheld its 1998 decision for the government in the Greenbrier prepayment case, rejecting the plaintiffs' argument that the case was wrongly decided. (Greenbrier (Lake County Trust Company No. 1391) v. United States, Nos. 96-326C, 96-697C, 96-364, 96-435C, 2007 WL 789594 (Fed. Cl.), March 14, 2007) The plaintiff project owners initiated litigation in 1996, claiming that the Emergency Low-Income Housing Preservation Act (ELIHPA) and Low-Income Housing Preservation and Resident Homeownership Act (LIHPRHA) either breached contracts they had with HUD allowing prepayment after 20 years or resulted in an uncompen-sated taking of their property.