Today we share YET ANOTHER reminder that government housing schemes NEVER work out in the long run.
Check this end of an era . . .
HUD announced to Parade Park residents on April 25 they had determined foreclosure was “the best path forward to transfer control of the property to a new owner who can successfully redevelop/rehab Parade Park and maintain the property over years to come, with protections for current and future residents.”
On May 22, HUD sent residents another letter, notifying them the board had failed to provide sufficient legal reasoning to halt foreclosure.
Read more via www.TonysKansasCity.com link . . .
'This is now real.' Residents react to foreclosure of Kansas City's oldest Black-owned housing co-op
The possibility of foreclosure has loomed over Parade Park Homes for more than a year. Now that it's happening, some residents are relieved. But without clear plans for what the changes entail, others are nervous they'll be priced out of their homes.
Comments
Post a Comment
TKC COMMENT POLICY:
Be percipient, be nice. Don't be a spammer. BE WELL!!!
- The Management