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New loan to help buy back Bridgeport church in foreclosure, build affordable housing

New loan to help buy back Bridgeport church in foreclosure, build affordable housing
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BRIDGEPORT – Reverend Kenneth Moalis Jr. was supposed to evict Union Avenue Cathedral on Friday.

He had to this date been granted exit by a federal judge after his bank, Foundation Capital Resources, had been given a stringent lien on the cathedral and 14 other properties owned by Moales through his church institution, the Prayer Tabernacle Church of Love Inc.

But Mullis said Friday afternoon he was not going anywhere.

“We’re not going out today at all,” Moalis said. He claimed that they will appear in federal court on Monday to present evidence to support his position that he should not have been evictioned.

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