Tuesday, August 13, 2013

Rewards for Substandard Properties

It's too bad for taxpayers when government rewards negligent corporate landlords for poor job performance. While Landlords at Spring Gate Apts. continue to take advantage of every financial opportunity and tax write-off, residents and citizens hopelessly wait for promises to be kept to possibly live in a safer and less chaotic environment. This landlord promised to deter crime and install security cameras during their last million dollar rehab deal in 2007. Instead, management rents and re-rents to those with troublesome histories; therefore, creating an ongoing public nuisance.
    Just 6-years after their completed renovation project, further government funds with 0% interest are being offered through the Town of Rockland to the corporate property owners of Rockland Place dba Spring Gate Apartments. All the while, this landlord receives about $900-$1450 monthly for each apartment in rent payments alone. It's a 204-unit hedge-fund residential property with various business listings along Martha Drive and Hannah Way in Rockland, MA where Management remains in non-compliance of laws and lease agreements. Click on the following link to see if you own a home on any of the Money Streets.
http://rockland-ma.gov/download/community-development-office/Housing%20Rehabilitation%20Program%20Application.pdf
     This program provides a 15-year, 0% interest, Deferred Payment Loans (DPLs) for general renovations to homeowners in certain locations.  Properties must be "substandard” as defined by the presence of one or more major code violations to participate in this program. The program is funded through a Massachusetts Community Development Block Grant (MCDBG) from the Commonwealth of Massachusetts Department of Housing and Community Development (DHCD).
http://rockland-ma.gov/download/community-development-office/Housing%20Rehabilitation%20Program%20%20Guidelines.pdf



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