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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Commonwealth of Pennsylvania v. James T. Lynn, Secretary of Housing and Urban Development, 501 F.2d 848 (1974)

Citation
Commonwealth of Pennsylvania v. James T. Lynn, Secretary of Housing and Urban Development, 501 F.2d 848 (1974)
Parent Document
Commonwealth of Pennsylvania v. James T. Lynn, Secretary of Housing and Urban Development, 501 F.2d 848 (1974)
Effective Date
1974-09-25

Other Sections in This Document (236)

Full Text

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The incentive system that concentrates the sponsor’s benefits in the early years of the program may also be a virtually insurmountable obstacle to the goal of building sound housing. There is little reason for a sponsor to concern itself with whether the housing it constructs will last for even the life of the insured mortgage, and every incentive to look to the short term with the idea of turning the project over to HUD when the benefits have been exhausted.