Receiver appointed to oversee property run by Sterling housing authority

STERLING  — A state judge has appointed a receiver to take control of a property run by the Sterling Housing Authority.

Business Den reports that the judge on Wednesday appointed William J. Hybl, president and chief operating officer of Griffis/Blessing Inc., a Colorado Springs-based property-management firm, as a receiver to oversee the property.

The Colorado Housing and Finance Authority had requested the appointment. The agency had filed a lawsuit Tuesday against the Sterling Housing Authority, alleging default by the Sterling Housing Authority on loans of $522,000 and $60,000 that were issued by CHFA in August 1996. The loans were for an apartment complex at 1331 Platte St.

Sterling is a city of about 14,000 located in northeast Colorado.

 

Editor’s Note: This article has been corrected to reflect that a receiver has been appointed to oversee a property run by the Sterling Housing Authority, not to oversee the Housing Authority itself.