State of Tennessee blasts Patten Towers owner PK Management - WSMV Channel 4

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State of Tennessee blasts Patten Towers owner PK Management

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Patten Towers in downtown Chattanooga. Times Free Press photo Patten Towers in downtown Chattanooga. Times Free Press photo
CHATTANOOGA, TN (Times Free Press) -

The owners of Patten Towers have violated a low-income tax credit agreement and have not taken the steps necessary to become certified as a low-income management group in Tennessee, the state charged in a letter sent to PK Management's founder.

If PK Management does not begin to comply with the terms of its agreement by July 3, it will be in default on its legal obligation and could face a court battle, wrote Ralph Perrey, executive director of the Tennessee Housing Development Agency.

PK Management did not respond to a request for comment on Monday. The company's lack of communication during the Patten Towers crisis has been criticized in recent weeks by Chattanooga Mayor Andy Berke, who on Monday renewed his call for the company to fulfill its obligations.

"PK Management's failure to fill out necessary paperwork or communicate with the Tennessee Housing Development Agency is unacceptable," Berke said. "I encourage and expect PK Management to increase communication with our community and the federal, state and local agencies who are working to address the needs of their residents."


Read more from our news partners at the Chattanooga Times Free Press.


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