Matthew GreerMIAMI (AP) – Four developers in Miami and a Fort Lauderdale contractor are pleading guilty to federal charges stemming from an alleged $36 million affordable housing fraud.

Biscayne Housing Group co-founders Michael Cox and Gonzalo DeRamon pleaded guilty Monday to conspiracy charges. Two principals in the Carlisle Development Group, former CEO Matthew Greer and co-founder Lloyd Boggio, are scheduled to plead guilty later this week.

B&K Construction Services President Michael Runyan also pleaded guilty to a conspiracy charge Monday.

Federal prosecutors say the men and others stole $36 million in federal housing subsidies by inflating construction costs and taking kickbacks. Most of the projects were in inner-city Miami-area neighborhoods, including Overtown, Brownsville and Little Haiti.