Registration costs $129. Deadline to register is Friday. Registration fee includes four workshops from a selection of 12 topics, a full breakfast and lunch. For more information, go to www.ohfablog.org/housingsummit or call 419-8284.
Parties settle skimming claims
Edwin L. Gage and Elaine R. Gage of Muskogee and John V. Rich and LaWanda J. Rich of Tyler, Texas, paid $1.75 million to settle claims of equity skimming on a Bethany nursing home insured by the U.S. Department of Housing and Urban Development, U.S. Attorney Sanford C. Coats said.
HUD insures mortgages to facilitate construction and rehabilitation of nursing homes and other care facilities. HUD agrees not to pursue personal liability for repayment of a mortgage if mortgagors operate under certain guidelines surrounding income and assets. Equity skimming occurs when any funds derived from the project are used for anything other than expenses.
HUD sued in 2010 seeking recovery of assets and income of Heartland Health Care Center used in violation of the guidelines.