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Preserved Quasi-Public Agency's Ability to Enforce Mortgage's No-Prepayment Term

Connecticut Housing Finance Authority

The Connecticut Supreme Court recognized right of the client to exercise discretion in refusing to accept prepayment of multi-family mortgage loans where the mortgager failed to show that the need for low-income housing was no longer acute. Renaissance Management Co. v. Connecticut Housing Finance Authority, 281 Conn. 227 (2007) and Woodrow Wilson of Middletown LLC v. Connecticut Housing Finance Authority, 294 Conn. 639 (2010). 


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