Receivership is an underutilized tool: Lynhill Condominiums in Prince George's County, Maryland
In "Deeper thinking/programming on weak residential housing markets is required: DC example, Anacostia" I discussed ways in which the DC Government can support the improvement of multiunit housing in impoverished areas, modeled on the Tower Renewal Project in Toronto. (HUD also has a similar financing program to rehabilitate and preserve lower income housing that needs to be updated.)
But the need for "tower renewal" is more widespread.
Today's Post has an article, "Prince George's to condemn Temple Hills condo complex if water is shut off," about a failing condominium complex in Prince George's County just outside of the DC line--a two-bedroom condo sold there for $9,900 in 2013, the monthly fee is approaching $700, and the management company hasn't been paying the water bill which is now over $120,000, and so the Washington Suburban Sanitary Commission has sent a shut off notice. If the water is shut off, the buildings will be condemned and everyone will have to leave, so that a few hundred people will be without housing. Note that Fox5 reported on this last week, "WSSC will cut water to large condo complex in Prince George's County."
It makes more sense for there to be a receivership process, so that the government can step in and take over management of the building, to improve it, and to ensure that the WSSC bill gets paid, but also so that people aren't displaced.
I have written about the receivership process as it is used in the State of Ohio on historic preservation matters ("Housing receivership to cure nuisance properties: the option that DC refuses to consider").
Prince George's County needs to explore that option pronto, for this and other properties.