Renovations are more than 75 percent complete at a 200-unit Amsterdam apartment complex that was threatened with foreclosure last year because it was so run down.
Now called Colonial Square, the former Holland and Highland Gardens apartments off Church Street and Clizbe Avenue failed several inspection by the U.S. Department of Housing and Urban Development in the spring of 2012.
HUD, which holds a mortgage on the properties because it provided $345,000 in subsidies to the complex’s owners, threatened foreclosure and demanded a repair plan be established to correct numerous deficiencies.
Leaking roofs, aged foundations, electrical problems and inadequate sidewalks were among issues identified by HUD inspectors.
Now operated under the name CRM Housing Development Inc., the housing complex received a tax exemption and payment plan from the city of Amsterdam.
Under the plan, the company pays a set amount of $182,000 — the total tax revenue paid at the time the deal was struck — as a base payment that could be modified according to any changes in HUD guidelines, officials have said.
In a letter dated Oct. 17, CRM Housing Development President Arthur Loomis outlined several accomplishments in the reconstruction project.
Loomis’ letter was directed to Alderman David Dybas, who sought an update on progress at the facility, which is situated in the 4th Ward.
Dybas could not be reached for comment.
The office for CRM Housing Development was not open when called late Friday, according to an answering machine.
According to the update, renovations were 77 percent complete by Oct. 8.
Nine buildings were completed and received certificates of occupancy by then. Three other buildings were finished and awaiting certificates.
Work is under way at another five buildings in the complex with renovations expected to be finished there by January, according to Loomis’ update.
Other work that was nearing completion included new pavement for the parking lots, and sidewalks for nine buildings were overlayed with asphalt.
Contractors also added privacy fencing between several structures and between the complex and neighboring parcels, according to the update.
Two new playgrounds are nearing completion as well.
Asbestos abatement is ongoing at the remaining buildings, and Loomis reported that any waste collected was “properly disposed of by the contractor.”
The entire project is slated for completion by the end of January.