In Anaheim Gardens v. United States, plaintiffs filed suit in the U.S. Court of Federal Claims claiming that the Government had taken their contractual right to prepay government-insured mortgages on low-income housing. The case arose after the Government passed the Low Income Housing Preservation and Resident Homeownership Act, a statute that plaintiffs alleged was intended to “deter prepayment in order to avoid what loomed as a potentially significant reduction in the stock of affordable housing.” [See Anaheim Gardens v. United States (September 26, 2012).]
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