Bob Kelly confirmed that the 4 tenants displaced by the City action have been housed in other BCCLT properties and their rent has been waived.
It's not the best of out comes, but at least they have a place to live.
Wednesday, December 23, 2009
Monday, December 21, 2009
The Real Tragedy with BCCLT
While we can wonder how the Land Trust got into such a mess, the real tragedy with BCCLT is what's to become of the tenants in their rental units? Exactly how many I don't know, around 30 folks, I think.
With some BCCLT units, the improvements, that is the dwelling unit, is owned by the occupant as BCCLT sold them the house and a bank loaned them the money to buy it. As long as they are making their mortgage payments, they have rights subject to the exact wording of their deeds and other documents. But, get thee an attorney, now.
The folks most at risk are those renting. Recently the City of Key West declared 629Caroline Street uninhabitable and forced out the tenants. Many of the the Land Trust's other properties many be in similar shape. Combine this with reorganizing the Land Trust in some manner or its being taken over by another entity, their creditors?, the City of Key West?, the Housing Authority?, a court appointed receiver?; these folks are going to be hurting. At best, rent increases seem likely; at worst they'll have to move for one reason or another.
It's time for the greater Key West Community, led by the City, to do the right thing and see that every one of these folks has a decent place to live. 629 Caroline Street isn't a good example. Comments? Suggestions?
With some BCCLT units, the improvements, that is the dwelling unit, is owned by the occupant as BCCLT sold them the house and a bank loaned them the money to buy it. As long as they are making their mortgage payments, they have rights subject to the exact wording of their deeds and other documents. But, get thee an attorney, now.
The folks most at risk are those renting. Recently the City of Key West declared 629Caroline Street uninhabitable and forced out the tenants. Many of the the Land Trust's other properties many be in similar shape. Combine this with reorganizing the Land Trust in some manner or its being taken over by another entity, their creditors?, the City of Key West?, the Housing Authority?, a court appointed receiver?; these folks are going to be hurting. At best, rent increases seem likely; at worst they'll have to move for one reason or another.
It's time for the greater Key West Community, led by the City, to do the right thing and see that every one of these folks has a decent place to live. 629 Caroline Street isn't a good example. Comments? Suggestions?
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