Sandy Council, the city's acting Neighborhood Improvement and Housing manager, said the city has a financial interest in the properties at 211 and 221 S. Fremont St. at the eastern edge of downtown.
The city donated the two-acre plot of land to a developer in 1988 to build a first-time homeowner complex, and aims for mostly moderate-income people by capping selling prices. It has since loaned various residents a total of $7 million, about one-fourth of the project's value, to help with down payments.
But the city and its homeowners association said a combination of shoddy construction work and poor management have led to a series of problems. Now the residents need to fund an estimated $2.1 million in repairs, including a roof replacement and water damage. READ THE REST OF THIS ARTICLE BY CLICKING THE HEADLINE