THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

IG says builders hid profits

Probe examines low-cost housing

By Christine McConville and Jonathan Saltzman
Globe Staff / February 4, 2007

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

Text size +

Developers of five affordable housing projects in Massachusetts concealed nearly $4 million in profits by grossly inflating their costs and understating revenues, according to an investigation by Inspector General Gregory W. Sullivan, who is calling for money to be returned to local taxpayers. (Full article: 1598 words)

This article is available in our archives:

Globe Subscribers

FREE for subscribers

Subscribers to the Boston Globe get unlimited access to our archives.

Not a subscriber?

Non-Subscribers

Purchase an electronic copy of the full article. Learn More

  • $9.95 1 month archives pass
  • $24.95 3 months archives pass
  • $74.95 1 year archives pass

Connect with Boston.com

Twitter Follow us on @BostonUpdate, other Twitter accounts