In lieu of a February Black History post, WSIC continues, because it is Black History.
The Washington Sanitary Improvement Company (WSIC) was a late 19th century charitable capitalism experiment that ended in the 1950s. This blog started looking at the homes that were supposed to be sold to African American home buyers, after decades of mainly renting to white tenants.
Looking at WSIC properties they tend to have a pattern where the properties were sold to a three business partners, Nathaniel J. Taube, Nathan Levin and James B. Evans as the Colonial Investment Co. for $3 million dollars. Those partners sold to African American buyers. There was usually a foreclosure. In 1956 Nathan Levin died and Colonial Inv. Co. vice president Harry A. Badt took his place in the foreclosure paperwork. Then the property wound up in the hands of George Basiliko and or the DC Redevelopment Land Agency (RLA). Then there were the odd lucky ones who managed to avoid that fate.
Let’s see what happens with 68 Bates St NW:
- December 1950 (recorded Jan 18, 1951) Evans, Levin and Taube sold the whole of 68 Bates NW Clara B. and Edward Hazel.
- December 1950 (recorded Jan 18, 1951) the Hazels borrowed $6,050 from Colonial Investment Co. favorite trustees Abraham H. Levin and Robert G. Weightman.
- April 1958 the Hazels sold the house back to Badt, Evans and Taube.
- March 1959 the Hazels were released from their mortgage.
- March 1959 (doc# 1959019387) Badt, Evans, Taube, Nathan Levin’s survivors and their spouses sold 68 Bates St NW and other properties on the block to Sophia and George Basiliko.
- Between 1970-1972 Basiliko was released from a couple of mortgages and the next document has the DC Redevelopment Land Agency (RLA) as the owner, so we are left to assume around 1970 Basiliko sold the property to RLA.
- Around 1978 the DC RLA sold/transferred this and other properties to the Bates Street Associates. A contract (doc #7800024140) DC RLA and Bates Street Associates, Inc hints to a deed not listed.
So this was a bit unusual. After about seven years the original buyers sell the property back to the Colonial Investment Company, which then sold it to slum landlord George Basiliko, who then sold it (as far as I can tell) to the DC RLA who then passed it on to the BSA.