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.November 1961, as part of a large property package (doc 1962000416), Badt, Evans, Taube, Nathan Levin’s survivors and their spouses sold 57 Bates to Sophia and George Basiliko.
Let’s see what happens with 34 Bates St NW:
- December 1950 (recorded Jan 18, 1951) Evans, Levin and Taube sold one-half of 34 Bates NW to James E. and Katherine G. Campbell.
- December 1950 (recorded Jan 18, 1951) the Campbells borrowed $1,900 from Colonial Investment Co. favorite trustees Abraham H. Levin and Robert G. Weightman.
- December 1950 (recorded Jan 18, 1951) Evans, Levin, and Taube sold the other half of 34 Bates St NW to Annie J. and Lee G. Robinson.
- Dec 1950 the Robinsons borrowed $1900 from trustees Abraham H. Levin and Robert G. Weightman.
- September 1956 the Campbells lost their half to foreclosure and the property was repossessed by Badt, Evans, and Taube.
- Sept 1956 Harry and wife Jennie Badt sold or transferred part or all of their interest in the property to Nathan Levin’s survivors.
- November 1961, as part of a large property package (doc 1962000416), Badt, Evans, Taube, Nathan Levin’s survivors and their spouses sold 57 Bates to Sophia and George Basiliko.
- May 1963 the Robinsons were released from their mortgage, and owned their half free and clear.
- August 1970 the Robinsons sold their half to George & Sophia Basiliko. The Basilikos owned both halves.
- August 1978 Sophia and George Basiliko sold the property to the Bates Street Ventures Partnership.
Only one foreclosure and the other original buyers sold to slum landlord George Basiliko and his wife, who then sold it to the Bates Street Ventures Partnership, not to be confused with the Bates Street Associates.