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Lutheran Social Services housing debts exceed assets
Management of apartments owned by Lutheran Social Services of North Dakota is being handled by a court-appointed receiver while preparations are being made to sell the buildings to new owners. Written By: Patrick Springer | ×
Lutheran Social Services is seen Friday, Jan. 15, at 3911 20th St. S., Fargo.
Michael Vosburg / Forum Photo Editor
FARGO The court-appointed third party now managing hundreds of affordable housing units owned by Lutheran Social Services of North Dakota has concluded that the properties market value is less than amounts owed to creditors.
Preliminary financial analysis results are included in a court document prompted by several banks objections to some of the properties being placed in receivership, a court process to oversee sale of the properties so creditors can be paid.
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Officials, advocates contemplate future of refugee resettlement in N.D.
Alexandra Kautzman
BISMARCK, N.D. – On Jan. 25, Gov. Doug Burgum announced that the state Department of Human Services will administer the refugee resettlement program after Lutheran Social Services of North Dakota unexpectedly shut down.
DOH Executive Director Chris Jones said while the shift was abrupt, the department is working hard to make sure that there is not a gap in required services. He said DOH will work with LSS’s former partners and employees.
Jones said he expects that Human Services will help coordinate with another existing nonprofit that will eventually be able to take over the program.