During the Mason County Commission Briefings on February 3, 2025, significant discussions centered around the management and financial recovery of low-income housing units in the area. The meeting highlighted the challenges faced by the commission due to previous mismanagement and the ongoing efforts to restore these properties to livable conditions.
The commission revealed that many housing units had become unlivable and unsafe, largely due to a lack of oversight from the former management company, Morgan. The current board, which has been in place since 2023, has worked diligently to address these issues, including the removal of drug-related activities from the properties. The board members noted that they inherited approximately $1 billion in unpaid debt, which forced them to sell two of the four housing units to maintain financial stability.
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Subscribe for Free The sale of these properties was crucial to keeping low-income housing available in Mason County. The commission reported minimal profits from the sales, which were necessary to cover balloon payments and prevent foreclosure. The new management company, Ad West, has since improved the financial situation, allowing for renovations and repairs to the remaining units.
The board also discussed the financial implications of past management failures, including the lack of recertifications for federal subsidies, which resulted in no incoming federal funds. They have since made significant investments in property improvements, including new roofs and remodeling of nearly all units, with only three remaining to be updated.
Additionally, the commission addressed legal challenges faced from the previous management company, Cascade Management, which sought back pay. The board successfully defended against these claims, recovering funds that had been improperly taken. They emphasized the importance of transparency and accountability in their financial dealings, as they work to rectify years of financial disarray.
In conclusion, the Mason County Commission is making strides in restoring low-income housing and improving financial management. The ongoing efforts to address past mismanagement and ensure the safety and livability of housing units are critical for the community's well-being. The commission's next steps will likely involve continued renovations and monitoring of financial practices to prevent future issues.