Thursday, July 16, 2009

Large Gaps in Oversight

At Roxse Homes, ownership feud is rekindled..... By Meghan Irons Globe Staff / May 23, 2009
.... The feud has put a spotlight on the breakdown of the 2004 partnership agreement between Cornerstone and the tenants council, and has exposed what some tenants call gaps in oversight at the Massachusetts Housing Finance Agency, which is supposed to ensure the partners were acting in compliance with the deal. http://www.boston.com/news/local/massachusetts/articles/2009/05/23/at_roxse_homes_ownership_feud_is_rekindled/

When conducting annual inspections at Rockland Place Apartments dba Spring Gate in Rockland, Massachusetts Housing Finance Agency show gaps in their oversight again. At first, MassHousing claims Management was not in compliance, but then suddenly became compliant in time to receive another rent increase. Realistically though, putting all friendships and conflicts of interests aside, Management of Rockland Place is still non-compliant.

Year: 2009: Total Lobbying Expenditures: $20,000 Subtotal for Parent Massachusetts Housing Finance Agency: $20,000

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