The historic Luther Allen home (or what remains of it) is one of the few mansions left on Euclid Avenue from Cleveland's glory days. So quite naturally Rob Curry head honcho at CHN, Anthony Brancula, president of the Cuyahoga County Land Bank and Elaine Collins, federal funds funneler in chief at EDEN are seeking to demolish it using TAX DOLLARS to build HEROIN HOTEL #10 with $12 million MORE of YOUR tax dollars for construction alone. In April of 2016, OHFA declared CHN/EDEN were one of the winners of a pot of LIHTC to sell. Hitliary was a cinch to be elected. The partners were already drooling over the $500,000 in totally TAX FREE revenue, from our always benevolent Department of Housing and Urban Development, that the building would generate. And it would be right next to another Heroin Hotel making it more convenient for the police who are called constantly to break up fights between the heroin addicts and the mentally challenged adults that populate the building. The logic of placing the Heroin Hotels side by side is that staff could be shared. The "staff" consists of one security guard per 8 hour shift. Private investors would certainly be snapping up those dollar for dollar tax credits and construction would be underway WELL before November 8, 2016. It was ALL systems go for the construction of 60 ONE BEDROOM free furnished air conditioned apartments for 60 drug using SSI recipients. (Apparently studio apartments are no longer large enough for our unemployed homeless population) What could possibly go wrong? Well there is many a slip twixt cup and lip. And as of March 12, 2017 there is no sign of any construction. Not even a dumpster. Because LIHTC are now worth about 89 cents on the dollar. And with the corporate tax rate set for a big reduction, investors are looking elsewhere. So who actually owns 7609 Euclid?? There is an entry deceptively entitled "mortgage", on the Cuyahoga County Fiscal Office page dated SEPTEMBER 10, 2015 . How weird right. CHN handing out a mortgage on a property in private ownership. But when you open the link...it is IN REALITY a Memorandum of Purchase Agreement between the Cleveland Housing Network and Thurmond Gissentaner, owner of 7609 Euclid, signed by ROBERT S CURRY, Executive Director of CHN. So why is it called a mortgage? And THEN on February 17, 2016, the historic home passed from Mr. Gissentaner to......THE CUYAHOGA COUNTY LAND BANK. I'm confused. Is Robert Curry ALSO employed by the Land Bank? AND the Land Bank's OWN website states that the transfer is "pending". Does the Land Bank have unlimited funds to be buying up abandoned properties? They just bought a warehouse on Pearl Rd. for $250,000. Mr. Gissentaner was current on the property taxes, which will soon be eliminated as the property goes from Historic Home to Heroin Hotel, that pays ZERO in property taxes. And WHO paid Mr. GIssentaner? The Land Bank?? Cleveland Housing Network?? John Beresford Tipton?? AND HOW MUCH was he paid because that information is nowhere to be found. As of yesterday, March 12, 2017, the property was STILL sporting a For Sale sign.
Attachment | Size |
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Heroin_Hotel_10.jpg [2] | 1.68 MB |
The_Historic_Luther_Allen_Euclid_Mansion.PNG [3] | 305.04 KB |
Ready_to_go......PNG [4] | 321.75 KB |
LIHTC_takes_a_hit.PNG [5] | 428.3 KB |
Uh_oh_tax_credits_tanking.PNG [6] | 122.51 KB |
Mortgage_or_Fraudulent_transfer.PNG [7] | 165.3 KB |
Who_really_OWNS_7609_Euclid.jpg [8] | 1.68 MB |
7609_Euclid_sale_pending.PNG [9] | 303.14 KB |
7609_Euclid_4_sale_31217.jpg [10] | 1.77 MB |
Mortgage...or_PURCHASE_AGREEMENT.PNG [11] | 238.5 KB |
Links:
[1] http://li326-157.members.linode.com/content/heroin-hotel-10-luther-allen-mansion
[2] http://li326-157.members.linode.com/system/files/Heroin_Hotel_10.jpg
[3] http://li326-157.members.linode.com/system/files/The_Historic_Luther_Allen_Euclid_Mansion.PNG
[4] http://li326-157.members.linode.com/system/files/Ready_to_go......PNG
[5] http://li326-157.members.linode.com/system/files/LIHTC_takes_a_hit.PNG
[6] http://li326-157.members.linode.com/system/files/Uh_oh_tax_credits_tanking.PNG
[7] http://li326-157.members.linode.com/system/files/Mortgage_or_Fraudulent_transfer.PNG
[8] http://li326-157.members.linode.com/system/files/Who_really_OWNS_7609_Euclid.jpg
[9] http://li326-157.members.linode.com/system/files/7609_Euclid_sale_pending.PNG
[10] http://li326-157.members.linode.com/system/files/7609_Euclid_4_sale_31217.jpg
[11] http://li326-157.members.linode.com/system/files/Mortgage...or_PURCHASE_AGREEMENT.PNG