Camellia Apartments, Inc., the W & W Company, University Apartments, Inc. v. The United States

WHITAKER, Judge.

The plaintiffs are three corporations which own and operate apartment houses located in the State of Georgia. 1 The buildings, which were designed for rent to war workers, were constructed with financing supplied through mortgages insured by the Federal Housing Administration pursuant to section 608 of the Federal Housing Act. 2

After plaintiffs had owned the apartment buildings for some time, they obtained commitments to refinance their properties under conventional mortgages that were not FHA-insured. The Commissioner of the Federal Housing Administration, as a prerequisite…