V S Limited Partnership, an Arkansas Limited Partnership v. Department of Housing and Urban Development United States of America
Court of Appeals for the Eighth Circuit
1Opinion of the Court
BEAM, Circuit Judge.
Appellant V S Limited Partnership (“VSLP”) appeals the district court’s 1 dismissal of its law suit against the Department of Housing and Urban Development for want of subject matter jurisdiction. We affirm.
In 1985, HUD transferred ownership and control over the Village Square Apartments, located in Little Rock, Arkansas, to VSLP. By the transfer agreement, VSLP agreed to maintain the apartments for low and moderate income families. VSLP also assumed the mortgage on the property, then held by HUD. VSLP kept the mortgage current until 1993 when it defaulted. In 1994, HUD…
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