Residents in Atlantic City Housing Authority-run properties got the news many have been waiting for Monday.
The U.S. Department of Housing and Urban Development is set to takeover the long-troubled authority. BreakingAC.com reports the authority has been determined to be in “substantial default,” Principal Deputy Assistant Secretary Benjamin Hobbs wrote in an 18-page letter Monday to Executive Director Thomas Sahlin and Board of Commissioners Chair Geoff Dorsey, and went on to say, “Based on the gravity of ACHA’s situation, I have determined that it is not appropriate to permit ACHA the opportunity to cure the substantial debt,” the letter states. “Further, I have also determined that the most appropriate substantial default remedy, in the context of the several factual findings made, is for HUD to take possession of the ACHA.” The ACHA now has 10 working days to respond.