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Feds Raid Cadence McShane Over HUD Probe | Real Estate News
Federal agents raided Cadence McShane Construction offices in Austin, San Antonio, and Plano amid a major HUD investigation tied to a whistleblower lawsuit alleging the company overcharged on low-income housing projects—potentially pocketing $7 million in illegal profits—and forced employees to submit fraudulent change orders. The firm, which billed over $315 million last year and employs nearly 80 in Austin alone, confirmed cooperation with no arrests made, while also battling a legal fight to keep records sealed from Opportunity Home, the city’s public housing agency. Listen in comfort:Get…
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