MATURING MORTGAGE thru 2021

     Today, I discovered two different listings for Spring Gate Apts.  One is in Florida and the other is in Massachusetts.  The phone number for Spring Gate Apts. on 1500 Springate Drive in Panama City, FL is (850) 763-6938.
     The phone number listed for Spring Gate Apts. on Hannah Way and Martha Drive in Rockland, MA is (877) 844-3819.   According to a HUD document, the Spring Gate in Massachusetts is where the subsidized mortgage will mature thru 2021.
     What will become of Rockland's Spring Gate Apartments in just nine more years?  Will there be another DHCD or HUD billion dollar pot of gold waiting for new partners and corporate investors?  Will the owners and management still secretly provide unfair housing for low-income tenants?
     In 2021, perhaps 'Spring Gate' will change its name back to 'Rockland Place Apartments'.  Another alternative might be 'Connolly's Cornerstoned Condominiums'.  Maybe there will finally be genuine flowers planted at the 'Spring Gate' entrance sign by the time 2021 comes around.  Real flowers would smell a whole lot better than those airbrushed ones displayed in those deceptive Spring Gate Apartment advertisements.
     As 'Spring Gate' residents anticipate their usual annual "affordable unto perpetuity" rent increase for 2012, perhaps William Connolly, Neil Ellis, MassHousing, and HUD will finally provide them safe, decent housing.  I don't believe housing is safe or decent when substance abusers and child pornographers are allowed to frequent the subsidized, multifamily housing complex.  Do you?  Whatever happened to those promised security cameras?   Maybe they'll figure it out when the mortgage matures thru 2021.
*http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_35177.pdf