The CEO of a company that owns several HUD units in Jacksonville had his home raided by federal agents in Cleveland this week .
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Now local neighbors living in the units are wondering what might be next for them.
Federal agents raided the home of Millenia CEO Frank Sinito in Cleveland on Thursday. The raid comes nearly a year after Millenia was accused by HUD of improperly handling 147 loans and distributions totaling $4.5 million. The agency disbarred Millenia, prohibiting the company from acquiring any new HUD properties. Here in Jacksonville, Millenia owns four HUD properties, including Calloway Cove, The Weldon, Palmetto Glen and Valencia Way.
Millenia’s properties have had numerous issues over the past several years. Valencia Way is perhaps the most high profile, where residents have complained about poor living conditions. Those complaints prompted US Senator Marco Rubio (R-Florida) to speak out on several occasions.