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Thursday, dec 26
Tag:
Affordable Housing
News
Fraudulent House Flipping in Philly Gets Delaware Man Jail Time:
Usdoj
A Delaware man is facing jail time for fraud after flipping three Philadelphia properties he promised to convert into affordable housing, authorities said. Felton Hayman, 54, of Wilmington, was sentenced to a year and a day in prison and three years of supervised release for his scheme on Monday, Oct. 28, according to a US Department of Justice news release. Hayman used his longtime friendship with an unnamed Philadelphia city councilmember to purchase three vacant city properties at below-market prices based on his promise to build affordable housing on the lots, the news release states. …