Troubled Ferguson Apartment Complexes Change Hands, But Owners’ Plans are Unknown

By on May 15, 2018

From St. Louis Post-Dispatch:  Two white cars recently rolled through Park Ridge Apartments, a 336-unit spread with spent shell casings littered in the gangways, and passed through a missing security gate.

As if to draw attention to the terror that was about to happen, the cars drove a slow lap through what has become a hard lesson learned in subsidized affordable housing.

“They were looking like they wanted trouble,” said Victor Young, 39, whose mother lives there in the 1300 block of Sharondale Circle. “They brought it.”

Vehicle occupants blasted firearms by a young girl’s outdoor birthday party, sending parents racing for scared children.

“They were shooting at anything that was outside,” Young said. He pointed to a bullet hole in a car door. “The apartments are nice, but who wants to stay where there is constant shooting?”

Ferguson police said residents had become accustomed to gunfire at the complex, one of two in the scrappy southeast corner of Ferguson that were refurbished about a decade ago with the lure of at least $42 million in low-income housing tax credits, or LIHTC.

This week, new owners affiliated with T.E.H. Realty took over Park Ridge and nearby Northwinds, another LIHTC property with 438 units. Northwinds is close to three other large complexes on the east side of West Florissant Avenue, including Canfield Green, where Michael Brown was fatally shot by a police officer on Aug. 9, 2014.

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