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. 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 225 Bates St NW:
- January 1951 Evans, Levin and Taube sold one-half of 225 Bates St NW to Mary E. and Samuel Page.
- Jan 1951 the Pages borrowed $2,525 from Colonial Investment Co. favorite trustees Abraham H. Levin and Robert G. Weightman.
- May 1951 Evans, Levin, and Taube sold the other half of 225 Bates St NW to Beatrice G. and James D. Kemp.
- May 1951 the Kemps borrowed $2,525 from trustees Abraham H. Levin and Robert G. Weightman.
- May 1962 the Pages were released from their mortgage owning their half free and clear.
- March 1964 the Kemps paid off their mortgage.
- September 1966 Beatrice M. Kemp (aka Beatrice G. Kemp) who is the surviving tenant when James Kemp died 8/19/1965, sold her half to Esther C. Dreeben, Louis M. Dreeben, Julius N. Press and Lillian Press.
- October 1966 the Presses transferred/sold their interest in half of the property to their co-owners the Dreebens.
- March 1974 the Dreebens and the Pages sold their halves to George Basiliko, bringing it under one owner.
- March 1979 Sophia and George Basiliko sold the house to H.R.L., Inc.
I’ll stop in 1979. No foreclosures but it does come under the ownership of slum landlord George Basiliko.