Federal agents search Ohio home of prominent affordable housing developer

Federal agents searched nan Ohio location of a salient existent property developer who owns affordable lodging properties and elder surviving centers crossed 26 states

CLEVELAND -- Federal agents searched nan Ohio location of a salient existent property developer who owns affordable housing properties and elder surviving centers crossed 26 states.

Agents pinch nan Department of Housing and Urban Development and nan Department of Agriculture descended Wednesday connected nan Cleveland-area location of Millennia Companies proprietor Frank Sinito.

The ambush comes months aft HUD barred Millennia Companies from receiving immoderate caller national contracts pinch nan section for 5 years. The move followed a HUD inspector wide investigation that recovered $4.9 cardinal successful missing aliases misappropriated money from 19 Millennia properties that were insured aliases subsidized by HUD.

Sinito’s attorney, Marisa Darden, confirmed successful a connection that national agents were astatine Sinito's location and said he and nan institution were cooperating pinch nan investigation.

“It is important to retrieve that an investigation is conscionable that,” Darden said. “There person been nary arrests and nary charges filed.”

A spokesperson for nan U.S. Attorney’s Office declined to comment.

Millennia Companies owns astir 280 flat developments on pinch respective ample agency and flat buildings successful Cleveland.