Reply to CEO caught living in ARHA housing

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[quote=Anonymous][quote=Anonymous]I’ve worked in public housing and tax-exempt financing/public finance for 20+ years. an executive director of a housing authority would be barred from living in a section 8 unit of that housing authority under HUD regulations because of conflicts of interest (term of art). He would be receiving a direct financial interest (free or reduced rent) by living in such unit that is controlled by ARHA over which he has direct decision and policy making power. This also applies to his immediate family members. It’s not even questionable or a grey area.

Technically he could get a waiver directly from HUD but I have never heard of them granting one because the standard of proof is so high. He would have to prove there is no practical alternative to living there and that his conflict of interest is disclosed and properly managed. There is zero chance there was no practical alternative, given the availability of other rentals in the area and his income level. So no.

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But we all know that he has made sure his non immediate family members get this nice townhome! [/quote]

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