Housing Alert: Supreme Judicial Court Decision Protects the New England Fund, as Well as Other Affordable Housing Subsidy Programs

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7/27/2007

Mintz Levin - Real Estate Contact

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In a landmark decision that will promote the further production of affordable housing in Massachusetts for years to come, last Friday (July 20, 2007) the Massachusetts Supreme Judicial Court (SJC) rejected a frontal attack on the primary funding program for Chapter 40B projects, the New England Fund (NEF) of the Federal Home Loan Bank of Boston.

The details of the case involved, Middleborough vs. Housing Appeals Committee, can be found within this Mintz Levin Housing Alert.

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Published In: Residential Real Estate Updates

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.