OKLAHOMA CITY (KFOR) — Local activists are sounding the alarm about private equity companies from out-of-state taking over affordable housing in the metro, leaving no accountability when things take a turn.
We've been telling you about ongoing issues at the Izzy Apartments in Northwest Oklahoma City.
They owed the city thousands in unpaid water bills, which have since been resolved, but recently, tenants received 5-day eviction notices.
Cooper Street Capital is a private equity company based in Colorado.
They oversee the Izzy Apartments and three other properties in the metro, including some in Texas, Ohio, Kentucky, New Mexico, Oregon, and the state of Washington.
Residents believe the management of various facilities has led to a revolving door at the Izzy's leasing office.
"We've