California Court of Appeal

Because the method used by appellants to obtain the debt portion of the capitalization rate would not produce the fair market value for the properties at issue in a claim brought under the "Rural Rental Housing Program," section 515 of the Housing Act of 1949, district court's judgment that the appraisal methodology used by appellant and adopted by the County Assessment Appeals Board was erroneous as a matter of law, affirmed.

Appellate Information

• Decided 04/03/2002
• Published 04/03/2002

Judges

• RAYE, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Aronowitz, Bordelon & Skidmore, Paul S. Aronowitz and Lawrence E. Skidmore, Auburn, for Real Parties in Interest and Appellants.


• For Appellees:
  
• Leland H. Jordan, San Rafael, for Plaintiff and Respondent., No appearance for Defendant and Respondent.