West Palm Beach sues housing nonprofit to recover two debts

Jan.January 23, 2014 04:30 PM

West Palm Beach housing nonprofit group Neighborhood Renaissance was hit with a foreclosure suit filed by the city earlier this month.

The city is looking to recover two debts from the past decade, but does not intend to actively pursue the foreclosure, a spokesperson said. This way, West Palm Beach can figure out a payment plan with the nonprofit and maintain its legal rights.

Terri Murray, director of Neighborhood Renaissance, said she expected an agreement for paying back more than $28,000, not a lawsuit.

The debts arose from both the renovation of the nonprofit’s office at 24th Street and Spruce Avenue, and the Village Center project. The nonprofit struggled to pay all its debt once the housing crisis struck.

“We literally had to make choices in which bills to pay and which relationships to preserve,” Murray told the Palm Beach Post. “We stopped payments and they stopped sending notices.” [Palm Beach Post]Mark Maurer

Related Articles

Rendering of the project

Time Equities plans apartments, retail on former office site in West Palm

Howard Lorber and Barry Zubrow with unit 1601 at The Bristol (Credit: Getty Images)

Howard Lorber flips condo at the Bristol to investment banker Barry Zubrow

From left: 3716 Embassy Drive in West Palm Beach and 80 Nottingham Place in Boynton Beach

South Florida properties involved in $85M debt relief scheme head to auction

603 Village Boulevard (Credit: Google Maps)

AmTrust Bank building in West Palm sells for $8M

Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

One West Palm rendering and Jeff Greene

Construction worker injured at Jeff Greene’s project in West Palm

Al Adelson and the Bristol

High on his own supply: The Bristol developer buys a unit at his condo tower

Jason Hochman, Greg Miller, Scott O'Donnell, Michael Ciadella and 901 Northpoint Parkway 

West Palm office parks sells for $12M in tight market