Legal Opinion
Federal Home Loan Mortgage Corporation v. New York State Division of Housing and Community Renewal
Court of Appeals for the Second Circuit
Decided May 2, 1996No. 992, Docket 94-7677PublishedCited by 22 opinions
1Opinion of the Court
WINTER, Circuit Judge:
The Federal Home Loan Mortgage Corporation (“FHLMC”) brought this declaratory judgment action seeking a determination that an exemption from New York City’s Rent Stabilization Law for housing that is cooperatively owned, see N.Y. City Admin. Code § 26-504, continues to apply even upon foreclosure, or alternatively, that application of the Rent Stabilization Law to previously exempt housing violates the Takings Clause of the United States Constitution, U.S. Const, amend. V.
The dispute arose from the following facts. In July 1986, FHLMC became the assignee of a $1.45…
2Cases cited11 opinions
- Loretto v. Teleprompter Manhattan CATV Corp.Supreme Court of the United States · 1982
- Keystone Bituminous Coal Assn. v. DeBenedictisSupreme Court of the United States · 1987
- Yee v. City of EscondidoSupreme Court of the United States · 1992
- Bowles v. WillinghamSupreme Court of the United States · 1944
- Seawall Associates v. City of New YorkNew York Court of Appeals · 1989
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3Cited by22 opinions
- Chevron USA, Inc. v. CayetanoCourt of Appeals for the Ninth Circuit · 2000
- PARKOWNERS ASS'N v. City of MontclairCalifornia Court of Appeal · 1999
- Community Housing Improvement Program v. City of New YorkCourt of Appeals for the Second Circuit · 2023
- Hamilton v. Beretta U.S.A. Corp.Court of Appeals for the Second Circuit · 2001
- Buffalo Teachers Federation v. TobeCourt of Appeals for the Second Circuit · 2006
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