City: Seize Deadbeat Landlord’s Buildings, But Not $88M In Fines – WBEZ

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debtsor
6 years ago

Hahaha, the devils is in the details of this article! A non-profit housing agency was unable to remain solvent because too few people paid rent. So it was forced to evict non-paying tenants (despite promises not to do so) in an attempt to place paying tenants. Those non-paying tenants called the housing department for code violations, and the city took it to heart, and began fining the living bejezus out of an insolvent non-profit, to the tune of $88,000,000. As a result of non-paying tenants, high debt loads and city fines, the non-profit today has less than $100 in the… Read more »

Nick T
6 years ago

Low income housing programs all become a disaster. They start with beautiful new buildings, but they are destroyed in 5 years. Not the fault of the Better Housing Foundation.

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