Representation of Quasi-Public Agency in Refusing to Accept Loan Pre-payment

Connecticut Supreme Court decisions in favor of the Connecticut Housing Finance Authority. Cases are of considerable importance because the Supreme Court twice recognized the client's right to exercise discretion in refusing to accept pre-payment of multi-family mortgage loans, which represent a substantial part of client's over $1 billion housing portfolio. Justice Borden's opinion in Connecticut Housing Finance Authority, 281 Conn. 227 (2007) closely followed the arguments made on behalf of client. The court's decision in Woodrow Wilson of Middleton LLC v. Connecticut Housing Finance Authority, 294 Conn. 639 (2010), relied in part on the previous decision in Renaissance Management Company.