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Full-Text Articles in Law
Protecting The Rights Of Purchasers Of Condominium Units, Jeffry R. Dwyer
Protecting The Rights Of Purchasers Of Condominium Units, Jeffry R. Dwyer
Fordham Urban Law Journal
The late 1960s and early 1970s have witnessed an unprecedented boom in both construction and conversion condominiums. The inflationary spiral of the 1970s caused many developers of partially completed rental projects to seek substantial loan increases to cover cost overruns. Such loan increases often could not be justified by rental income projections. Accordingly, many developers and lenders turned to condominium conversions as a panacea for project cost overruns. However, with a shortage of end loan money, developers and lenders were left with unsold "inventory," increasing in cost with each passing day. Indeed, many developers of condominium units found themselves in …
Economic Tipping: An Approach To A Balanced Neighborhood, Frank J. Allocca
Economic Tipping: An Approach To A Balanced Neighborhood, Frank J. Allocca
Fordham Urban Law Journal
In the recent decision of Trinity Episcopal School Corp. v. Romney, a court, for the first time, was confronted with a proposal to apply a "tipping" standard solely on the basis of income, rather than racial grounds. The case involved a group of middle-income residents seeking to enjoin the State and City of New York, as well as the Department of Housing and Urban Development (HUD) from increasing an area's low-income population through the building of various housing projects. "Tipping" has been defined as "that point at which a set of conditions has been created that will lead to the …