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Ithaka Land Trust supporters seek state investigation of nonprofit's sales of housing for the poor | News


Esther Kisamore and Bill Sulzman, long time Ithaka residents, outside their homes.
Pam Zubeck
A group of former board members of Ithaka Land Trust has asked Attorney General Phil Weiser’s office to investigate the nonprofit’s recent sales of nearly half its 21 properties to one chosen developer at prices below market value, while loaning $555,717, interest free, to the same developer on some of those sales.
The transactions represent a radical departure from Ithaka’s original mission, when established in 1981, to care for the poor and provide permanent low-income housing.
Attorney Jennifer Gilbert, with GPS Legal Solutions of Denver, says in her May 5 letter some of Ithaka’s actions — all under the leadership of Ithaka director Anjuli Kapoor, hired in October 2017 — might constitute violations of Colorado law, as the ....

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Advocates of housing for the poor call for state investigation of Ithaka Land


Ithaka plans to build new transitional housing at 301 S. Union Blvd., a nine-acre tract for which City Council approved rezoning from public facility to office complex on May 11. Ithaka s buildings will occupy only a portion of the property, with retail, office and townhomes planned for the site.
Pam Zubeck ....

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