Historical Summer 2018 article. Dates, prices, services and contacts describe the source period; current availability has not been established.
In his commentary about the neighborhood housing corporation in our last issue, Tom Hoerr noted that the SLCHC had moved away from its original mission of rescuing problem properties as the developer of last resort. At the same time, external and internal decisions have caused the significant erosion of its investment account.
The housing corp garnered $1.2 Million Dollars from the sale of the Rosedale Square apartments, now the Forest Park Condominiums. Today the corporation has less than half that amount.
In 1997, the housing corp hired a staff person whose salary was paid by the city with community development block grant funds. Several years ago, said funding was terminated because of federal changes and city assessment.
The housing corp has struggled to make up this deficit, so far unsuccessfully. Unexpected costs or unrealized surplus have led to the bleeding of the investment account. 1. Alanson building 2. Purchase and operation of a 6 family and a 2 family on 5900 McPherson 3. Unsecured loan on DeGiverville housing renovation 4. Walker Townhouse new construction Four years of deficits on the profit and loss statements provided by the SDBCHC are as follows: 2014…$35,734.82 2015…$22,064.94 2016…$37,587.67 2017…$81,300.00 Total..$176,687.43 The housing corp has a selfperpetuating board. For a redirection to occur, neighbors would need to demonstrate concern.
There are problem properties that are not being addressed. Housing corp minutes and financials can be obtained from their director, Gary Boehnke, at 6008 Kingsbury.
A state audit may be the next step.
Originally published in The Times of Skinker-DeBaliviere, Summer 2018.
Read this article in the original newspaper issue.
Original source: SD_Times2018_06.pdf, printed page(s) 2; PDF page(s) 2.
