A year after the Indy exposed a series of sweetheart land deals that transferred ownership of 10 of Ithaka Land’s affordable housing properties, the nonprofit has reached an oversight agreement
Founders of a Colorado Springs nonprofit, which for 40 years has provided low-income housing for the poor, the homeless, immigrants and released inmates, object to current leaders new strategy that
Founders of a Colorado Springs nonprofit, which for 40 years has provided low-income housing for the poor, the homeless, immigrants and released inmates, object to current leaders new strategy that
When Bill Sulzman, 82, noticed people circling his small cottage carrying tape measures, cameras and clipboards last summer and fall, he knew something was up.
He didnât know then, but heâs since found out, that his home for 32 years, for which he pays nominal rent, was sold in October without his knowledge.
That sale and others are part of a plan to liquidate many of Ithaka Land Trustâs roughly two dozen rental properties. Most were built 100 or more years ago and were acquired through donations and purchases financed by nuns and the city.
Over the years, though, Ithakaâs maintenance bills grew while rents barely budged. With limited operating funds, the nonprofit has cooked up a plan to monetize the mostly Westside properties so it can fix up some of its rentals and build a low-income housing project southeast of downtown.