Presenters raise transparency concerns about Billings-linked housing partner
Speakers said the Billings Housing Authority’s proposed partner would not disclose financing sources without nondisclosure agreements, prompting concerns about private-equity backing and urging caution before county commitment.
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A Gallatin County representative and several attendees said one of the CRO candidates — a Billings-linked effort — claimed to have private capital lined up but declined to disclose financing sources without a nondisclosure agreement. The presenter said that made it hard to evaluate the partner’s transparency and raised questions about whose capital would serve as the program match.
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