Hawaii Project To Help Homeless Imperiled By Major Donor's Bankruptcy
A local philanthropic organization formed to reduce homelessness may never get on its feet following a recent bankruptcy case involving its first major donor, a one-time violent criminal turned entrepreneur.
Blake Tek Yoon, who was sentenced in California in 1992 following a botched murder attempt, had announced plans to sell his multimillion-dollar Kahala home to help finance the Hawaii’s Forgotten Families Foundation.
But Yoon failed to appear in a court-ordered meeting with his creditors regarding bankruptcy settlements Tuesday over the home he has now sold. And one of the foundation’s directors is unsure if the money will ever come through.
The foundation planned to one day build a 300-unit subdivision to house working homeless families with mortgage payments of just $450 a month. Yoon planned to give $200,000 to the foundation to help it get started.
Read more: https://www.civilbeat.org/2019/06/project-to-help-homeless-imperiled-by-major-donors-bankruptcy/
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