Kargman v. Jacobs

*697Kelleher, J.

Max R. and William M. Kargman (plaintiffs) are general partners in the Kent Farm Company (Company), a Massachusetts limited partnership, which owns six .parcels of land in the city of East Providence. *698■Such land, together with all buildings and improvements thereon had been assessed, for the purposes of local taxation, on December 31, 19691 in the amount of $188,960. During 1970 and 1971 the Company undertook the construction of a 250 apartment complex which is sometimes referred to in the record as “Kent Farm.” The endeavor was regulated by §221 (d)(3)2 of the National Housing…