#project-homekey

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Los Angeles Times
5 months ago
Los Angeles

California's attorney general alleges fraud by a Project Homekey contractor

California Attorney General is suing a contractor for illegally borrowing against properties in the state's homeless housing program, jeopardizing the projects.
The lawsuit demands that the contractor return over $100 million in funds and seeks to place the properties in receivership. [ more ]
therealdeal.com
6 months ago
LA real estate

Shangri-La Industries Sued Over Project Homekey Loan

Shangri-La Industries has defaulted on loans tied to seven hotels slated for Project Homekey conversions in California.
One of the lenders has filed a cross-complaint asking the court to appoint a receiver on the development if the court approves the application on Friday. [ more ]
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