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Land Development Financing Company

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NEWS
August 13, 1989
An obscure Virginia consulting company reaped huge fees through a Department of Housing and Urban Development program, including $1.5 million for one project approved by a senior official on his last workday at the agency after he waived numerous HUD regulations, according to HUD documents and an investigation by the Baltimore Sun. The consulting fees appear to be the largest yet uncovered in programs operated by the troubled federal housing agency.
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NEWS
August 13, 1989
An obscure Virginia consulting company reaped huge fees through a Department of Housing and Urban Development program, including $1.5 million for one project approved by a senior official on his last workday at the agency after he waived numerous HUD regulations, according to HUD documents and an investigation by the Baltimore Sun. The consulting fees appear to be the largest yet uncovered in programs operated by the troubled federal housing agency.
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