PA Housing Chief Foreclosed on

[Gaspar]

The mortgage foreclosure crisis has claimed an unlikely victim: Carl R. Greene, executive director of the Philadelphia Housing Authority (PHA).

Wells Fargo Bank has foreclosed on Greene's $615,035 condominium in the upscale Naval Square development in the city's Schuylkill section.

In a lawsuit filed July 27, Wells Fargo said the amount in dispute was $386,685.22.

Greene, 53, runs the nation's fourth-largest public housing agency and is one of the highest-paid public officials in the city. His salary is $306,370, and last year he got a $44,188 bonus.

I didn't realize that public housing officials made so much money, almost as much as the president with his bonus.

http://www.philly.com/inquirer/home_top_stories/20100813_Philadelphia_Housing_Authority_chief_Carl_Greene_facing_foreclosure.html