Real estate developers Cody Holmes and Steven Taylor have been accused of defrauding a program that funds affordable housing projects and are now facing decades in federal prison.
Source: Inman News
Feds bust real estate execs in $25.9M scheme against homeless
Published in affordable housing, Akil Davis, Bill Essayli, Brokerage, california, California Department of Housing and Community Development, Cody Holmes, Commercial-to-residential conversion, department of justice, fbi, Federal Bureau of Investigation, Federal Housing Finance Agency, Federal Housing Finance Agency Office of Inspector General, Grant Funding, HCD, Homekey program, homelessness, Investing, IRS Criminal Investigation, los angeles, Manufactured housing, Markets & Economy, multifamily housing, real estate crime, real estate development, real estate fraud, Select, Shangri-La Industries LLC, single-family housing, Steven Taylor and Weingart Center Association
More from affordable housingMore posts in affordable housing »
- Trump administration lays out 5-year goals for Fannie, Freddie
- How buyer affordability education makes you the go-to agent
- 48% of Americans blame investors for ‘unreasonable’ housing costs
- LA’s so-called ‘mansion’ tax has failed. It’s time to overturn it
- Dems seek answers on impact of Fannie, Freddie IPO on rates
More from BrokerageMore posts in Brokerage »
- What no one’s saying (but should be) about the future of real estate
- Zillow-ChatGPT, Compass-Anywhere, SCOTUS-REX: Top 5
- Why the Compass-Anywhere merger won’t be real estate’s LVMH
- Fathom Realty buys a ‘proven model’ for first-time homebuyers
- Breaking the cycle of listing agent burnout: A broker’s playbook
More from californiaMore posts in california »
- A 7-home estate and a former talk show host’s Montecito hideaway among September’s priciest sales
- Lesson Learned: Real estate apprenticeship is the answer to new agent retention
- Robert Reffkin pokes at CRMLS policy. CRMLS CEO pushes back
- Bring your own baby: How I turned an open house into a baby rave
- What robot umpires teach real estate agents about their jobs
More from department of justiceMore posts in department of justice »
More from fbiMore posts in fbi »
- First American CEO accused of choking barefoot cruise passenger
- With fraud ever-prominent, Closinglock secures $34M Series B
- Sell like a spy: Mastering connection and ‘elicitation’
- Oren and Alon Alexander named in new lawsuit alleging rape in Aspen
- First American adds real-time fraud alerts to title tech platform
More from Federal Bureau of InvestigationMore posts in Federal Bureau of Investigation »
More from Federal Housing Finance AgencyMore posts in Federal Housing Finance Agency »
- Trump administration lays out 5-year goals for Fannie, Freddie
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
- Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50
- Feds charge Trump nemesis Letitia James with bank fraud
- Fannie, Freddie close NY offices as Trump battles Letitia James
More from homelessnessMore posts in homelessness »
- California passes bipartisan bills that overhaul environmental law to bolster building starts
- LA pauses new Section 8 applications amid funding cuts
- Will HUD Secretary Scott Turner be good for housing?
- Fund services for homeless with transfer fees: Colorado lawmaker
- Dave Umphress’ Flourish Real Estate Network leaves KW for Real
More from InvestingMore posts in Investing »
- 6 intelligent tech tools every agent-landlord can leverage
- How to help sellers prepare to list a tenant-occupied property
- Selling a property with tenants living in it? Here’s what to know
- Why multifamily occupancy and rent growth rise or fall
- 48% of Americans blame investors for ‘unreasonable’ housing costs
More from los angelesMore posts in los angeles »
- A 7-home estate and a former talk show host’s Montecito hideaway among September’s priciest sales
- Lesson Learned: Real estate apprenticeship is the answer to new agent retention
- Bring your own baby: How I turned an open house into a baby rave
- The $168M secret: Why this broker leans on a 50 call per week rule
- Uber driver charged in blaze that erupted into the Palisades Fire
More from Markets & EconomyMore posts in Markets & Economy »
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
- Government shutdown nails housing programs in Week 2
- What no one’s saying (but should be) about the future of real estate
- Tensions run high as buyers and sellers battle for ‘the driver’s seat’
- 7 low-inventory market strategies every agent should adopt in Q4
More from multifamily housingMore posts in multifamily housing »
- CoStar sues Zillow for ‘systematic’ copyright infringement
- Single-family permits and starts reach 11-month low in June
- California passes bipartisan bills that overhaul environmental law to bolster building starts
- Multifamily’s financial crossroads: What agents need to know
- Here’s why builders are slamming the brakes on new apartments
More from real estate crimeMore posts in real estate crime »
More from real estate developmentMore posts in real estate development »
- Finding Financial Freedom: Jennifer Leahy’s rise from rock bottom to real estate powerhouse
- Eklund | Gomes Team launches in 30A market with new dev project
- Traverse City luxury condos poised to set new price threshold
- Former Colorado broker killed at luxury Belize resort he developed
- How to identify the top new amenities in multifamily housing
More from real estate fraudMore posts in real estate fraud »
- $100M fraud ring busted, hundreds displaced by foreclosures
- Massachusetts broker arrested, accused of embezzling $11.6M
- How scammers push your pressure points to steal your clients’ cash
- How real estate agents can prevent title issues from derailing a deal
- As it turns out, ‘Superman’ has always been a real estate movie
More from SelectMore posts in Select »
- Trump administration lays out 5-year goals for Fannie, Freddie
- Rocket Mortgage rolls out bullish $822,550 conforming loan limit
- Government shutdown nails housing programs in Week 2
- Tensions run high as buyers and sellers battle for ‘the driver’s seat’
- ‘Top of mind’ means nothing without value. 5 ways to do it right
More from single-family housingMore posts in single-family housing »
- CoStar sues Zillow for ‘systematic’ copyright infringement
- Single-family permits and starts reach 11-month low in June
- Builders pull back from new construction once again in April
- Nebraska attempts to stave off housing crisis with upzoning plan
- Oregon moves to nix single-family zoning, continues a national trend
Be First to Comment