The Bad News Never Stops at Former Portland Foster Care Home

Property flipped for enormous profit in less than two weeks.

By Nigel Jaquiss

The troubled history of a foster home on Northeast Rodney Avenue has taken a bizarre turn.

The house was the principal location for the foster care provider Give Us This Day, although it was actually owned by an affiliated organization, the Alfred Yaun Child Care Centers. Both organizations were run by Mary Holden.

Last year, following allegations in WW of Give Us This Day's abuse and neglect of children, state authorities shut down both organizations. The state placed their assets with a receiver, Troubled Asset Solutions LLC.

Somehow, that company managed to sell the property—a 5,500-square-foot home on a 12,500-square-foot lot—for $570,000, a woefully under-market price. The new owner fared better.

Free

Multnomah County donated the property to the Alfred Yaun Child Care Centers on Feb. 22, 1996.

rodneyhouse_courtneytheim

$570,000: Troubled Asset Solutions sold the property to Wilde Properties Inc. on April 27, 2016. The property was never listed with a broker.

$900,000: On May 5, 2016, Wilde flipped the property, selling it to Everett Custom Homes.

Willamette Week

Willamette Week’s reporting has concrete impacts that change laws, force action from civic leaders, and drive compromised politicians from public office. Support WW's journalism today.