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Re: HUD rehab 203(k)

Posted by MJ on February 25, 2001 at 18:03:45:

In Reply to: HUD rehab 203(k) posted by charest on February 25, 2001 at 17:57:59:

two good recent articles from CityLimits:

Empty Promises, By Kemba Johnson

More than a year ago, City Limits exposed a federally funded outrage: the milking of Harlem real estate for quick cash (The Harlem Shuffle, September 1999). The scheme has left dozens of shoddy buildings in limbo-and stuck HUD with a disputed $50 million-plus bill.

Loan Injustice, By Kemba Johnson

Over a year after uncovering the HUD loan scandal in Harlem, City Limits tells the story behind the recent indictments--and how the government lets mortgage lenders run away with the bank.

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