Three weeks before water would be shut off at four apartment complexes, the city, state and utility company reached an agreement with the landlord.
JPC Affordable Housing Foundation, which has a business address in New Jersey, will have to dissolve itself and its affiliates, which go by the names of JPC Charities, Pure Charity Fund and Aloft Management LLC, by April 30 2023. Lastly, the company will be prohibited from owning and managing apartment complexes in Indiana for seven years.
Citizens Energy Group threatened in July to disconnect water to thousands of homes if the $1.9 million bill was unpaid "Nobody up here ... wants families to have to put up with the kind of uncertainty we saw at the properties in question," Hogsett said."Parents of young students not knowing where they'll live when the school year starts. Older residents on fixed income not knowing if they can afford the costs of signing a new lease if forced to move. Renters who pay their bills, only to find out the landlord was not passing the money on to the water company.
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