A.G. Gancarski
A review of City of Jacksonville emails reveals new ownership might be on the way for Global Ministries Foundation properties.
Bart Lloyd, general counsel for Preservation of Affordable Housing, emailed senior staff in the mayor’s office to let them know they may be acquiring the GMF portfolio.
“We are a national nonprofit and own about 9,000 units. We have turned around some pretty difficult deals (including the GMN portfolio in Miami a couple years ago),” notes Lloyd.
If this group is able to turn around GMF properties, such as Eureka Garden, Cleveland Arms, and Washington Heights, they will be reversing a sordid recent history for those and other GMF units.
Sen. Marco Rubio turned federal attention to the issues at Eureka Garden earlier this year with a personal visit in the spring, which motivated him to push for reforms of HUD’s process on the Senate floor.
