California attorney general Rob Bonta claimed in a civil lawsuit filed in LA County Superior Court that Shangri-La Industries illegally put developments in the state’s Project Homekey homeless housing program under threat by borrowing against them.
Source: Inman News
LA developer hit with lawsuit for homeless housing Ponzi plot
Published in California Attorney General Rob Bonta, developers, homeless housing projects, lawsuits, los angeles, Markets & Economy, News Brief, Project Homekey, Select, Shangri-La Industries, Step Up On Second and The LA Times
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