The Colorado Housing and Finance Authority is based at 1981 Blake St. in Denver. (Thomas Gounley)
A property run by the housing authority in a small city in northeastern Colorado is now under the control of an executive with a Colorado Springs-based property management firm.
A state judge on Wednesday appointed William J. Hybl, president and COO of Griffis/Blessing Inc., as a receiver overseeing an apartment complex run by Housing Authority of the City of Sterling, according to court documents.
The appointment had been requested by the Colorado Housing and Finance Authority, which filed a lawsuit Tuesday against the Sterling Housing Authority. Sterling is a city of about 14,000 located 130 miles northeast of Denver.
The lawsuit says the Sterling Housing Authority has defaulted on payments for loans of $522,000 and $60,000 that CHFA issued in August 1996. The loans were for property at 1331 Platte St. in Sterling.
The state agency also claimed the Sterling entity hadn’t been doing its job.
“While Sterling continues to collect rents and pay some, but not all bills relating to the premises, Sterling is not, to the best of CHFA’s knowledge and belief, actively managing or maintaining the Premises at this time,” the lawsuit says. “The onsite office has been closed for some time.”
CHFA also is asking the court to rule in its favor on a breach-of-contract claim.
Christian H. Hendrickson and Carla R. Martin of the Denver office of Sherman & Howard are representing CHFA.
The Colorado Housing and Finance Authority is based at 1981 Blake St. in Denver. (Thomas Gounley)
A property run by the housing authority in a small city in northeastern Colorado is now under the control of an executive with a Colorado Springs-based property management firm.
A state judge on Wednesday appointed William J. Hybl, president and COO of Griffis/Blessing Inc., as a receiver overseeing an apartment complex run by Housing Authority of the City of Sterling, according to court documents.
The appointment had been requested by the Colorado Housing and Finance Authority, which filed a lawsuit Tuesday against the Sterling Housing Authority. Sterling is a city of about 14,000 located 130 miles northeast of Denver.
The lawsuit says the Sterling Housing Authority has defaulted on payments for loans of $522,000 and $60,000 that CHFA issued in August 1996. The loans were for property at 1331 Platte St. in Sterling.
The state agency also claimed the Sterling entity hadn’t been doing its job.
“While Sterling continues to collect rents and pay some, but not all bills relating to the premises, Sterling is not, to the best of CHFA’s knowledge and belief, actively managing or maintaining the Premises at this time,” the lawsuit says. “The onsite office has been closed for some time.”
CHFA also is asking the court to rule in its favor on a breach-of-contract claim.
Christian H. Hendrickson and Carla R. Martin of the Denver office of Sherman & Howard are representing CHFA.
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