Flamm v. Real-Blt, Inc., 168 Mont. 351 (1975)

Citation: Flamm v. Real-Blt, Inc., 168 Mont. 351 (1975)
Parent Document: Flamm v. Real-Blt, Inc., 168 Mont. 351 (1975)
Jurisdiction: Montana (state)
Effective Date: 1975-11-26
Original Source: https://www.courtlistener.com/opinion/8068368/flamm-v-real-blt-inc/ ↗

Full Text

1,240 chars

Defendant landlord is a nonprofit corporation organized to provide housing for low income and senior citizens.. It is the-owner of a 120 unit multi-family apartment complex known as Ponderosa Acres in Billings, Montana. Financing of the-complex was through a 100% federally guaranteed mortgage-pursuant to 12 U.S.C. § 1715i(d) (3). To receive the 100%-federally insured mortgage, defendant was required to and did sign a regulatory agreement. Defendant also signed a. Rent Supplement Contract with the Department of Housing- and Urban Development (HUD). The latter contract allows, defendant to receive rent subsidies from the government on behalf of low income tenants. Together, these contracts bind defendant to government regulations in the areas of construction, design, management, maintenance, eligibility of the tenants, content of the leases and amount of rent charged the tenants. The standard Federal Housing Administration (FHA) regulatory agreement that limits occupancy to families of low or moderate income, as defined by the government was not required of the defendant corporation and this provision was stricken, thereby allowing Ponderosa Acres to admit tenants of its choice who were not involved with rent supplements..

Other Sections in This Document (22)

Full Text