Office of Citizen
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Fraud - Cuyahoga County Land Bank
Submitted by lmcshane on Sat, 03/04/2017 - 12:35.
West side CABAL is thick with loyalty dollars handed out through CDCs. Some of the deals don't involve direct cash - but, instead, valuable land parcels/properties held by the CDCs - the trail of Cuyahoga County Land Bank property hand-offs is camouflaged through the CDCs.
Mitchell Paul discovered this - LAND Studio (now director) Greg Peckham got two properties transferred through the Ohio City Development Corp 4204 - 4206 JOHN AVE. This has to be happening on the east side - even w/o CLE Council controlled CDCs. University Circle Inc is a CDC not directly controlled by CLE Council.
Also, Cleveland Housing Network is a great way to camouflage the loyalty network. Rokakis-Frangos pioneered this in Tremont. This is why CHN is such a fraud - it is a huge non-profit loyalty network where properties are flipped, demo'd, taxes wited out and so many other handy ways to inflate costs to keep the machine in operation.
(There is a long, sordid history of real estate racketeering associated with a commercial property on 3881 West 25th St. Cleveland Housing Network capitalizes on federal monies to build Permanent Supportive Housing - but to make the low-income tax credit fraud scheme profitable, they need to get large properties "GIVEN" to them. Enter the Cuyahoga County Land Bank. Federal monies through Ohio Housing Finance Agency are expected to be restricted now with Trump administration and also federal investigation into misuse of Treasury Hardest Hit Funds.)
The transfer of the YMCA to the Cuyahoga County Land Bank also primes the transfer of the vacant YMCA building to the Cleveland Housing Network - primed to funnel federal monies back to contractors and the Detroit Shoreway Development Corporation in the form of a BIG fact developer fee.