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Government

Apr. 2, 2010

Charge: Firm Looted Housing Funds

San Francisco City Attorney Dennis Herrera is accusing a company that managed city escrow accounts for more than 15 years of stealing $1 million meant to assist low-income homeowners.

By Dhyana Levey

Daily Journal Staff Writer

San Francisco City Attorney Dennis Herrera is accusing a company that managed city escrow accounts for more than 15 years of stealing $1 million meant to assist low-income homeowners.

Herrera's complaint, filed Tuesday in San Francisco Superior Court against escrow agent Rehab Financial, claims the company took this money out of a San Francisco account and converted the funds for p...

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