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MURSOR BUILDERS v. CROWN MOUNTAIN APT. ASSOC.

Civ. Nos. 74/731, 75/67.

467 F.Supp. 1316 (1978)

MURSOR BUILDERS, INC., Plaintiff, v. CROWN MOUNTAIN APARTMENT ASSOCIATES, the Second Columbus Corporation, American Motor Inns, Inc., Roger F. Moran, Evelyn J. Moran, Irvin Rubin, the Leader Mortgage Company, and Patricia Roberts Harris, Secretary of Housing and Urban Development, Defendants. The SECOND COLUMBUS CORPORATION, Plaintiff, v. Irvin RUBIN, Roger F. Moran, and Evelyn J. Moran, Defendants.

District Court, Virgin Islands, D. St. Thomas and St. John.

October 5, 1978.

Attorney(s) appearing for the Case

Maria A. Tankenson Hodge, Charlotte Amalie, St. Thomas, V. I., for Mursor Builders, Inc.

Ronald T. Mitchell, Pallme, Anduze, Mitchell & Dow, Charlotte Amalie, St. Thomas, V. I., Gerald K. Carlisle, Carlisle, Reimer, Birge & Morrison, Cleveland, Ohio, for the Leader Mortgage Co.

Michael Lehtonen, Charlotte Amalie, St. Thomas, V. I., for Roger F. Moran.

Samuel H. Hall, Jr., Charlotte Amalie, St. Thomas, V. I., for Irvin Rubin.

Elizabeth Langer, Washington, D. C., Thomas K. Moore, Charlotte Amalie, St. Thomas, V. I., for Patricia Roberts Harris, Secretary of Housing and Urban Development.

MEMORANDUM OPINION WITH JUDGMENT ATTACHED

WARREN H. YOUNG, District Judge.

I.

INTRODUCTION

The legal and factual issues presented by this lawsuit are multiple. Nevertheless, one such issue and the policy considerations underlying my disposition thereof warrant particular mention at the outset.

In an effort to stimulate the development of multidwelling housing complexes, the federal government offers mortgage insurance to private...

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