The Inglewood Successor Agency appears to have established a long-term relationship with affordable housing developer Thomas Safran who’s connections are widespread throughout Los Angeles County, Even residents in nearby Watts are complaining about this developer.
Inglewood council agendas show a trail of tears from 1 W. Manchester Blvd to Safran’s many Inglewood projects.
The City’s former Budget and Accounting Manager also took note of the preferred treatment of certain developers, in exchange for monies that no one is monitoring to ensure it is paid back.
Residents in Watts were also ringing the alarm about Safran’s activities, most likely in concert with elected officials who have a hand in the approval process.
In a rare move, Thomas Safran appeared to be very generous in his recent acquisition of land on the North end of Inglewood.
The city entered into an exclusive negotiating agreement for parcels located at 716-720 Beach Ave, and 722-730 Beach Ave (participating parcels).
The City ordered an appraisal and determined the fair market value of the home, as of January 25, 2020, to be $1.35 million, and the participating parcels to be worth a little over $2 million, for a combined total of $3,430,000.
Safran’s appraisal came in at $4,666,000.
Why would a developer offer to pay more than what the City believes the property is worth? Are the increased costs attributed to remediation?
The parcels at 716-720 W. Beach Ave. were owned by the Inglewood Housing Authority, and was occupied by a long-time critic of Mayor Butts, and then a city employee.
They both complained about getting sick in the home, and had to be placed in hotels on multiple occasions, for repairs to be made. It was an ongoing issue. The City employee’s rent on the two-bedroom one bath home was less than $700 per month. She would eventually move out, and become the recipient of the #1 position on a subsequent housing lottery for first-time homebuyers.
Will we have another Ujimaa Village on our hands?
Read the full staff report by clicking here.