Quaker Apartments on
Prairie Ave. in Wilmington, has for many years, received government
subsidies in order to cover rental costs for low income senior
citizens and handicapped persons.
Over the years a
client waiting list for admittance has guaranteed a full capacity
situation.
For unexplained
reasons the facility has become a financial disaster as indicated by
the amount of delinquent property taxes of $83,000 as of 6/1/15. See:
This facility is
thought to be indebted to the city for more than $200,000 resulting
from a loan made sometime in the past. When asked at a recent council
meeting concerning this never mentioned deal, the city auditor
responded by stating that “they had written off the loan”.
It is my
understanding that there are ongoing negotiations to resolve the debt
but public information is hard to come by on this matter.
The present listed manager of the property for the owners, Quaker
Apartments of Wilmington Inc., is SKW
Management.
This
firm also manages the other Quaker associated senior apartments on
Prairie Ave. commonly known as Prairie View ($152,000
delinquent tax)
and Friendly Center ($117,000
delinquent tax).
As
of this posting SKW is listed by the Better Business Bureau as
“no
longer in business”
It is unknown by me
that if a Quaker Apartments bankruptcy occurs the city will be able
to obtain a debt settlement.
The loan in question
came from the city's revolving loan fund that is used as a small
business development tool and repayment history has been good except
for this secretive affair.
Paul Hunter
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