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Presenters raise transparency concerns about Billings-linked housing partner
Summary
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.
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.
One commenter observed the lobby group that advocated for the law appeared to be backed by entities with limited public histories; the Gallatin County representative described his unease but said he did not want to derogate the Billings group if it can deliver housing. “They ... wouldn't tell us where their match was coming from or who the financers,” the presenter said. Attendees contrasted that with NeighborWorks Montana, which several speakers described as a known, transparent partner.
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