Plaintiff:Aamagin Property, LLC
Defendant:The Louisiana Housing Finance Agency
Case Number:3:2008cv00764
Filed:November 23, 2008
Court:Louisiana Middle District Court
Office:Baton Rouge Office [ Court Info ]
County:East Baton Rouge
Presiding Judge:Chief Judge Ralph E. Tyson
Referring Judge:Magistrate Judge Docia L Dalby
Nature of Suit:Other Statutes – Other Statutory Actions
Cause:28:1441 Notice of Removal
Jurisdiction:Federal Question
Jury Demanded By:None
Developer alleges agency reallocated tax credits
Nov. 18, 2008
A Baton Rouge developer alleges the Louisiana Housing Finance Agency arbitrarily reallocated more that $18 million in tax credits and gap financing previously awarded for five low-income housing developments. Will J. Belton of AAmagin Property Group says the agency applied different standards than to other developers and didn’t allow for a fair hearing. The company is asking the 19th Judicial District Court to overturn the agency’s decision; a hearing for a preliminary injunction is scheduled for Nov. 24. The agency announced its decision on Nov. 12, saying projects that couldn’t produce closing documents had their credits taken back and allocated to new projects deemed more viable.—David Jacobs
Katy's Exposure 