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I hope they invest every dime of that $7.25 million. That money is sure to go quick but is sounds like a major improvement to this property.
Predictable that Todd Rokita would take advantage of the change in ownership for a little free publicity. But what did he do to make it happen? Nothing. Nada. Zip.
Was this efforts lead by the residents or someone from the city?
Finally a ray of hope for a long neglected property in Nora! Appreciate the efforts of the Nora community (many area churches partnered together urging action to take place; and by providing material support to the immigrant residents). Glad to see the AG and Mayor pro-actively working for a solution to help a decade or more long neglect of that property.
Am I the only one who is suspicious about why a “nonprofit corporation” that was formed seven months ago according to the IN Secretary of State’s website, and whose primary address (4706 18th Ave, Brooklyn, NY 11204) appears that it could be as small as an upstairs apartment above a storefront, would have such a great interest in acquiring 1,000+ units of housing in Indianapolis for charitable purposes. Is “nonprofit” not synonymous with charity? If you started a nonprofit in Brooklyn, because you’re interested in providing/managing apartment housing, wouldn’t you probably focus on that area, rather than purchasing apartment complexes 1,000 miles away? What am I missing here?
I don’t think you are missing anything. These are valid questions in light of other out of state nonprofits that own (and don’t maintain very well) run down apartment complexes in Indy.