HARRISBURG, Pa. (WHTM) — Whatever they think of the proposed buyer, Governor’s Square tenants will have to wait at least another month to find out if New Jersey-based ANCDI Properties will – in fact – end up owning the complex.
ANCDI won an auction for the long-troubled property, agreeing to pay $9.6 million. The complex’s current owner, Uptown Partners, filed for bankruptcy last year.
On Wednesday, Harrisburg and the city’s redevelopment authority filed a court motion (available in full below) listing several objections to the proposed sale.
Among them: are concerns about the buyer’s experience with similar properties and questions about who will pay to relocate tenants displaced while the property is repaired.
“The upgrade, renovation or restoration of any unit that relied or will rely on federal funds must include a relocation fund under the federal formula, even if the displacement for renovations is temporary, for just compensation and related services.”
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Separately, a nonprofit organization representing several tenants has filed a motion, which includes concerns about whether — under the current terms of the sale — ANCDI would be required to upgrade the property and maintain its status as affordable housing.
Charles Howard, who owns the Mount Holly, New Jersey-based ANCDI, told abc27 News Thursday he’s “working with the city to resolve concerns.”
Earlier Thursday, a federal judge granted a request by Uptown Properties to reschedule a hearing — originally scheduled for next Tuesday — to Feb. 29.