DISTORTED RENTAL INCOME

The First Hartford Corporation AND Rockland Place Apartments rental income increased approximately $1,847,000 as a result of the following:

During fiscal year 2010, the Company was required, as the managing general partner, pursuant to the applicable accounting guidance, to consolidate Clarendon Hill Somerville Limited Partnership, which acquired a 501 unit apartment complex on April 9, 2010. This resulted in approximately $434,000 of additional rental income during fiscal year 2010.
Rental income from THE APARTMENT COMPLEX IN ROCKLAND, MASSACHUSETTS increased approximately $247,000 during fiscal year 2010 as a result of improved occupancy and a rent increase. The importance of this increase in rental income is DISTORTED BY THE FACT that approximately 99.99% of these properties are owned by the non-controlling partners.

The Company ended the period with approximately $3,425,000 of unrestricted cash and cash equivalents. Unrestricted cash and cash equivalents includes approximately $2,496,000 belonging to less than wholly-owned consolidated partnerships (CP Associates $1,653,000, and Rockland Place LP $843,000). Funds received from CVS Pharmacy which are to be paid out in connection with CVS development projects amounted to approximately $2,672,000 and are included in restricted cash and cash equivalents.

Kenya Government Angered by Court's Decision on Obama’s Aunt -The Boston Globe

While some Americans go homeless, Obama's immigrant aunt continues to reside in South Boston's housing project off of monies from American taxpayers. Kenya government angered by court decision on Obama’s aunt - The Boston Globe

Waters charged with ethics violations, OneUnited - Daily Business Update/The Boston Globe

Are special interests and political favors slowly destroying our country? Waters charged with ethics violations related to OneUnited - Daily Business Update - The Boston Globe
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LAUNCHING OF POLITICAL CAREERS
For very good reason, I've become quite interested in the unethical dealings of politicians and multifamily housing developers connected with HUD funds and Low-Income Housing Tax Credits....

H.H. BROOKINS was credited with launching the political careers of REP. MAXINE WATERS, D-Calif. , and former Los Angeles Mayor Tom Bradley . Later, he became bishop of the AME district that included Washington, where he befriended Mayor Marion Barry. His political connections helped him land several lucrative government contracts over the course of his career.
But while H.H. Brookins' influence could help his son circumnavigate Las Vegas politics, his connection to ROZET was a stumbling block with HUD officials who were leery of the possibility that Shepherd Hills might be in cahoots with ROZET, who's been accused of defrauding the government by collecting excess subsidies, and improperly pocketing millions of taxpayer dollars in a massive kickback and insurance scam.
"Our ROZET connection was a problem. Many (HUD officials) have it out for ROZET. I think they thought he would come back in through the back of the deal," Steven Brookins said.
When negotiations became difficult, Steven Brookins said, "I had my dad and Jesse (Jackson) go see them (HUD officials) ..."
At a meeting in Washington in December 1996, HUD officials, ROZET, the Brookins, Wasson and SEVERAL OTHERS cut a deal on the SIERRA NEVADA ARMS property. Click here to read more.

BRUCE ROZET, and AFFILIATES have also had vested interests in ROCKLAND PLACE APARTMENTS, Rockland, Massachusetts.

Who's Calling You?

Do you receive annoying phone calls? If so, search the number calling you. Use format xxx-xxx-xxxx, (replace x's with appropriate area code and phone number), then click on the gray rectangle.

United Conflicts of Interest

It doesn't make it proper, but don't most of our politicians have hidden conflicts of interests nowadays?    I mean, how else could Rockland Place Apartments dba Spring Gate get away with what they've been getting away with?
       Another BREAK and ENTER was reported at 82 Martha Drive.  And yes, that really is one of the SUBSIDIZED RESIDENTIAL buildings where another business is listed; I believe a Mariott Hotel and/or Friendly's Restaurant is listed at that address.  If only promises of security cameras were honored by corporate partners and HUD; they might have the evidence needed to stop the crime that takes place on their nuisance property.  So who and what really benefits from tax dollars and tax credits being poured into subsidized housing?

GHETTO APPROVED FINANCING

In reality, Bill H.R. 4868 will NOT preserve SAFE, DECENT, affordable housing for low-income residents in HUD-financed housing.  What makes me say this?    Because, what doesn't exist, CAN NOT be preserved!   For the most part, this Bill would PRESERVE and further FINANCE ghetto lifestyles.  Too many multifamily properties serve as havens for criminal activities.  It will preserve the victimization of innocent residents who continue suffering at the hands of politically-connected, corporate landlords who habitually act in illegal ways.  Yes, this type of corporate landlord really does exist!
        One  example of unsafe and indecent HUD-financed housing is within the deceptive business practices at Rockland Place dba Spring Gate Apts. which is run by some anonymous individuals buried within various partnerships, hiding within conglomerate investment firms, with numerous attorneys and political campaign financiers.  Could this be who Barney Frank is really trying to help with this Bill?  For every worded benefit is a loophole or a lawmaker who looks the other way when conglomerate corporations violate individuals, sometimes for 10-years and longer.  How dare our federal government continue to finance criminal acts against innocent citizens under the HUD programs!
     It's my guess that House Financial Services Committee Chairman, Barney Frank(D-MA), is probably more concerned about PRESERVING his job.  To read more about this Bill, click here: http://financialservices.house.gov/press/PRArticle.aspx?NewsID=586

Unsafe and Indecent Housing

      Violence and drug sales take place on many MHFA and HUD financed properties, maybe because it takes at least 4+ years to install promised security cameras on their nuisance properties. Whether you call it Spring Gate or Rockland Place, addicts and resellers still know where to buy the stuff.  This 204-unit Rockland multifamily complex remains without security cameras and still has no police substation! (Click on image.)
     Another serious incident took place at Spring Gate Apartments on July 20, 2010.  People insist a gun was fired around 7:30 pm at the PLAYGROUND;  yet, there was no mention of this shooting in any newspaper article.  There was also no mention of which residents were involved. Rockland Police and an Abington ambulance remained in the area for over an hour.
            Two Rockland males were arrested after allegedly robbing someone at gunpoint during a drug deal at the HUD subsidized Rockland Place, located on Hannah Way and Martha Drive, Rockland, MA.   To read more on this news story, visit the following link.... http://www.enterprisenews.com/news/x550419436/Rockland-brothers-accused-of-armed-robbery-during-drug-deal
     Why are crimes by certain apartment dwellers usually minimized and swept under the government-funded carpets? Why do government agencies, Rockland Place hedge fund partners and management offer false hope and security to vulnerable Spring Gate residents when more funds are to be had?  They PRETEND to want resolve to ongoing crime issues by using the same cycle of inadequate procedures. All the while, corporate partners collect higher rents and tax credits, and political campaigns receive larger 'contributions'.  Somehow, quality-of-life for concerned and vulnerable low-income citizens gets lost in the shuffle.  In private, officials answer legitimately concerned residents with snide comments like, 'there are worse places to live', AND, 'you can always move if you don't like it'.

Illegal Profits in Subsidized Housing

This seems to be an accurate video except I see no mention of corruption being involved in the downfall of subsidized properties.

http://www.youtube.com/watch?v=LxfC2N_av78&feature=related

Corrupt Politician List

Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2009 list of Washington's "Ten Most Wanted Corrupt Politicians. http://www.judicialwatch.org/news/2009/dec/judicial-watch-announces-list-washington-s-ten-most-wanted-corrupt-politicians-2009

Here's one in Massachusetts.
Wilkerson - Boston.com Local Search