Real Estate/Development
Jul. 18, 2024
Nonprofit developer accused of improperly using project funds
A Mission Housing subsidiary is accused of using joint funds to pay for costs associated with other properties it owned.
A subsidiary of Mission Housing Development Corporation, one of San Francisco's largest affordable housing nonprofits, was accused of improperly spending more than $155,000 in funds related to a 50-unit housing project.
A complaint was filed in San Francisco Superior Court on Monday against Mission Housing's subsidiary MHDC CA MGP III LLC by two legal entities that the subsidiary partnered with separately to operate the low-income housing project. According to the filing, ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In