Housing Authority Chief Foreclosed On And MIA

housing_director_foreclosure.jpgASSOCIATED PRESS: A bank has foreclosed on a $615,000 condominium owned by the head of the Philadelphia Housing Authority, who earned $350,000 last year leading the nation’s fourth-largest public-housing agency. Carl R. Greene, PHA’s executive director, bought the three-bedroom, 2,100-square-foot condo in the upscale Naval Square development in 2007. He put down $215,000 in cash and took out a $400,000 mortgage, city records show. Greene, 53, stopped making payments on or around April 1, and three months later owed more than $7,500 in missed payments and late fees, according to the bank’s July 27 lawsuit. MORE

INQUIRER: Top Philadelphia Housing Authority board members have been unable to contact executive director Carl R. Greene for an explanation of his tax and foreclosure woes, leaving the board chairman, former Mayor John F. Street, perplexed and wanting answers. MORE

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