Organizing to fight mortgage prepayment at the Beaver Brook Apartments in Ansonia, CT

Date
1992
Authors
Gay, Merrill
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Southern New Hampshire University
Abstract
As stated in the thesis project, "This project describes the impact of the HUD guaranteed mortgages used to finance Beaver Brook (Ansonia, Connecticut) and about 3,000 other apartment complexes around the country. This clause allowed the mortgagee to prepay after twenty years. Prepayment would free the owner from HUD regulation and would enable the owners of Beaver Brook, as well as owners of the other complexes across the country to convert their units to market rents or even into condominiums." (Library derived description)
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