March 30, 2015
The Memphis Housing Authority
Does anyone really know what is going on in the Memphis Housing Authority and the connected City of Memphis Department of Housing and Community Development. Robert Lipscomb knows and possibly Henry Turley.
I must admit that I only have a partial knowledge. Last week I attended a MHA board meeting (4 PM on the last Thursday of each month). In advance I looked at the website and found financial statements for 2011 and 2012 but nothing for 2013 and 2014. Also I found nothing posted in advance for the meeting agenda and supporting documents.
At the end of the meeting I asked to speak and when allowed I asked that they post the latest two financial statements on line and also, in the future, post the agenda and supporting documents at least two days in advance of the scheduled meeting. Mr. Lipscomb said he had the latest financial documents and offered to give them to me. I asked that they be posted promptly online. No one on the board acknowledged my reasonable request.
I have attached the agenda and supporting documents which I was given (somewhat grudgingly) at the meeting.
There was an article yesterday in the CA about Robert Lipscomb and Henry Turley and the subject of development by the use of tax incremental financing. This is a favorite tool of government and developers along with tax credits and other state and federal taxpayer funded tools. Are they risk free and do they work? This is a question that needs much more research and examination.