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CRHA reports higher vacancies, $338,000 delinquent balance and plan for write-offs
Summary
Property-management staff told the board of 30 current vacant units across the portfolio, a delinquent balance that includes moved-out accounts, and plans to submit some accounts for tax intercept and recommend write-offs for uncollectible debts.
CRHA’s property management report to the board showed a notable number of vacant units and a delinquent account balance that staff said includes accounts unlikely to be recovered. A staff presentation listed 30 vacant units across the portfolio, with 12 at Greenleaf/Dogwood (including one building scheduled for a full gut renovation and conversion to bedroom-by-bedroom leasing), 6 at Mickey/Madison/Riverside/scatter sites, 4 at West Haven, 3 at Crescent Hall and 5 at South First Street. Collections and delinquent balances Property-management staff reported about…
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