Housing Official’s Hire As Developer CEO Sparks Ethics Concerns Over Real Estate Contracts

A top Montgomery County housing official has accepted the role of CEO at a development firm after his agency gave more than 30 property management contracts to its closely affiliated sister company.  
Stacy Spann, the executive director of the Housing Opportunities Commission of Montgomery County, announced on June 8 he plans to leave the agency to become CEO of MidCity, effective July 30. In his tenure at HOC, the quasi-governmental agency awarded a majority of its third-party property management contracts to Edgewood Management.  
Edgewood Management and MidCity are both part of Bethesda-based The Ford Family Cos., founded by the late Eugene Ford Sr….

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