Housing Official Can Take CEO Job At MidCity, Ethics Commission Rules

Stacy Spann, head of the Housing Opportunities Commission of Montgomery County, has received a waiver from the county’s ethics commission allowing him to become CEO of local development company MidCity. 
The Montgomery County Ethics Commission granted Spann the waiver Friday with a series of conditions aimed at avoiding conflicts of interest. 
Granting the waiver was necessary because while Spann led HOC, a large number of its properties are managed by MidCity’s sister companies, Edgewood Management and Vantage Management. A Bisnow review of public records last month found that a majority of HOC’s third-party management contracts are held by Edgewood, and it renewed 12 contracts with Edgewood totaling over $800K…

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