HUD wants $2.3 million from greedy Cleveland poor housing operators
By ERIC JONATHAN BREWER CLEVELAND, OH – A 33-page HUD Office of Inspector General (HUD OIG) audit of how Rainbow Terrace’s Connecticut owners have spent federal money to manage the nearly all-black low-income housing estate shows them unable to prove expenses while overcharging the federal government for management fees. The total amount of money misappropriated by the management company is $2.3 million and HUD wants it back. The HUD OIG audit was released from the Chicago, Illinois regional office on September 28, 2018. Russian American Vesta CEO Arthur N.K. Greenblatt responded through attorney Michael Price, but the response didn’t alter the…
