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
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