Mar 28, 2011 6:49 PM by Matt Stafford
Virgil Caddell has been a resident at the Express Inn on West Cimarron Street in Colorado Springs since being caught sleeping in his car one night about a year and a half ago.
"Police directed me here and I've been here ever since." says Caddell. It was tough for him to hear the property is facing foreclosure.
"What are we going to do now, because the street is the only place I've got to go," Caddell asks.
He's been getting help from the CC Boarding Home Annex, whose administrators have been managing the property. They work out of the Express Inn.
The property at 725 W. Cimarron is owned by Grot Cimarron, L.L.C., but they are behind 1.3 million dollars on a nearly 2.2 million dollar loan. No comment from the current owner. News First 5 was told he might be out of the country.
Keith Bohannon, housing manager for the CC Boarding Home, is hoping the administrators of the boarding home can step in.
"If he (Grot) does get foreclosed on we think there's a chance that they'll (C.C. Boarding Home administrators) be purchasing the property," Bohannon explains. That's good news to him because in this job, he sees the need.
"There's a lot of people in this economy that are having problems," says Bohannon. "Without places like this, they're on the street."
Bohannon is worried about what will happen if a deal can't be made.
"There's a very good chance that we won't be able to set up immediately somewhere else and you might have 100, 150 people suddenly homeless on the street again," Bohannon says.
That's a big concern for Virgil Caddell; he would be one of them.
"At 60 years old I wouldn't last very long out there with my disabilities," says Caddell. "Being on the street for me would be a short trip to the grave probably." He's just happy to have a room to go to tonight.
For more on the CC Boarding Home Annex click here to follow this link.
43 minutes ago