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Ithaka Land hires consultant to run the agency and decipher sell-off of properties

Ithaka Land, under fire for selling its properties that served the poor to an exclusive buyer at below market values, has hired a management consultant in the wake of its ....

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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 Weiserâs office to investigate the nonprofitâs 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 Ithakaâs 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 Ithakaâs actions â all under the leadership of Ithaka director Anjuli Kapoor, hired in October 2017 â might constitute violations of Colorado law, as the ....

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More affordable housing coming a week after crisis was declared in Colorado Springs

More affordable housing coming a week after crisis was declared in Colorado Springs
Published
More affordable housing coming a week after crisis was declared in Colorado Springs
COLORADO SPRINGS, Colo. (KRDO) A project to provide three apartments for homeless families, and another project that would provide more than 100 affordable housing units, have been announced.
The announcements come a week after a local watchdog group declared the city s lack of affordable housing to be a crisis, and demanded immediate action.
Partners in Housing held a ribbon-cutting ceremony Monday, on campus the Myron Stratton Home. Logan Hall, which officials said served as an orphanage a century ago, will have three ground-floor apartments for homeless families with children. ....

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Founders call for state investigation into housing provider, Colorado Springs approves nonprofit-backed plan for new housing complex

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The Colorado Springs City Council approved demolishing former El Paso County buildings along Union Boulevard across from Memorial Park to make way for a new affordable housing complex. Founders of Ithaka Land, a partner in the proposed complex, are questioning some of its recent real estate deals among other concerns and asking the state to investigate.
Mary Shinn, The Gazette
Steve Handen, a former Catholic priest who started Colorado Springs first soup kitchen, is the founder of a columbarium, where the ashes of those who died on the streets are buried. He is among those who is questioning Ithaka Land’s recent decisions and asking the state to investigate. ....

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Colorado Springs housing provider's 'puzzling financial dealings' lead to investigation request

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The Colorado Springs City Council approved demolishing former El Paso County buildings along Union Boulevard across from Memorial Park to make way for a new affordable housing complex. Founders of Ithaka Land, a partner in the proposed complex, are questioning some of its recent real estate deals among other concerns and asking the state to investigate.
Mary Shinn, The Gazette
Steve Handen, a former Catholic priest who started Colorado Springs first soup kitchen, is the founder of a columbarium, where the ashes of those who died on the streets are buried. He is among those who is questioning Ithaka Land’s recent decisions and asking the state to investigate. ....

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