Puretz Case Update:
Hearings were held on December 16 and 17, 2015 and January 29, 2016 in the City’s civil case against six properties in the Puretz portfolio of properties here in Cincinnati. Two of which (3652 Reading Road & 1006-1026 Burton Avenue) are in North Avondale. During the December hearing, the City moved that the Court appoint a receiver for the properties. Judge Beth Myers agreed to move in that direction. At the January 29th hearing over 600 apartments were placed in receivership as the buildings were found to be a public Nuisance. The receiver is Milhaus Management from Indianapolis.
To read and listen to the short WLWT5 video/article go to :
Based on Dan Burke’s (Director, Multifamily Midwest Region, U.S. Dept. of Housing and Urban Development) response Thursday, the lender is advancing up to $1.5M to stabilize the Puretz properties and all HUD rental subsidy payments will go to the Receiver to support stabilization efforts.
A special thank you to Cincinnati Police Department Captain Paul Broxterman District 4, Lt. Col. David Bailey, the residents and tenants that attended the hearings to show strong North Avondale support: Janet and Robert Banks, Michelle Baxter (Law & Safety), Gerry Kraus, Marvin Masterson (2nd VP), Charlene Morse (Editor) and Dirk Pastoor.
Kudos to Mark Manning Assistant City Solicitor for his hard work and continued efforts on this case. He will be attending the February 9 at 7:00 pm NANA General Meeting to answer questions. Also attending the Meeting will be Kevin Flynn representing Milhaus.