North Carolina – Developer Charged Wilmington Residents Thousands for HOA That Doesn’t Really Exist. So Where’s the Money?
Port City Daily: Developer Charged Wilmington Residents Thousands for HOA That Doesn’t Really Exist. So Where’s the Money
Telesis is a for-profit developer that specializes in public-private housing projects; through its management company, Telesis allegedly charged residents of Wilmington’s Jervay Communities tens of thousands of dollars in HOA fees, but never formed a proper HOA with resident board members, meetings, or transparency on how the fees were being spent.
By Benjamin Schachtman
December 20, 2018
WILMINGTON — Residents of Jervay Communities say they are still looking for answers after over ten years, and thousands of dollars spent on residents’ association fees — despite the fact that the Jervay HOA only exists on paper.
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According to interviews and email records from the Wilmington Housing Authority (WHA), not all residents were charged the HOA fees, but those that did paid thousands of dollars between 2006 and 2012 years. The same emails show WHA at one point promised refunds — but, to date, haven’t been able to get Telesis, the private for-profit developer who owns Jervay, to the table. Read more: