Christian "charity" really slumlords

[HiPointDem]

3. How they got the money to buy it: "tax-exempt housing revenue bonds"

GMF made Friday's purchase using tax-exempt housing revenue bonds issued by the Memphis Health, Educational and Housing Facility Board.

Goodwill Villages is just the latest of a dozen multifamily housing communities GMF has purchased over the past three years.

The organization now has 2,400 apartment units from Indiana to Louisiana.

The 8-year-old evangelistic ministry founded its housing corporation about three years ago.

Goodwill Village residents get rent assistance through the Housing Assistance Payment contract through the Department of Housing and Urban Development.

Money made from the apartment communities is reinvested to improve the properties and also is used to match contributions made by more than 1,700 donors for the international ministry, Hamlet said.

http://www.commercialappeal.com/news/2010/jun/18/faith-based-group-adds-second-memphis-apartment-co/?print=1


I smell deep scammin'