The troubled Lakeside Pointe at Nora apartment complex is under new ownership, the city confirmed, ending a contentious relationship the city had with the previous ownership group that nearly resulted in a lawsuit.
New York-based Genesis Housing Foundation purchased the complex through its wholly owned subsidiary, GHF LLC.
A spokesperson for the mayor’s office said the city learned of the sale on the morning of March 1.
“While we are hopeful for the future of the property, our top priority continues to be the safety and well-being of the property’s residents,” Mayor Joe Hogsett said in a statement. “We are committed to working with the new owner to address the long deferred maintenance and outstanding enforcement actions. And, we will continue to engage with neighbors and community stakeholders to ensure that the new property owner is meetings its obligations to tenants.”
The city threatened a nuisance lawsuit against the previous ownership group, Fox Lake AHF, because of issues that included fires and health code violations. The city gave a deadline of Jan. 31 to take remedial steps but backed off as ownership worked on the sale.
Issues over the years included 12 fires since 2019 that required a response from the fire department. A fire in November 2021 forced at least 25 residents from their homes.
Contact staff writer Tyler Fenwick at 317-762-7853 or email at tylerf@indyrecorder.com. Follow him on Twitter @Ty_Fenwick.
