STANLEY COX, STATE REPRESENTATIVE

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Blunt’s Blue Ribbon Panel Suggests Changes to Improve Efficiency, Transparency at Housing Agency

 

            JEFFERSON CITY Gov. Matt Blunts Blue Ribbon Panel submitted a report outlining recommendations to improve efficiency and transparency and to save money in the states housing finance agency.  Blunt appointed the bipartisan panel in January to examine the Missouri Housing Development Commission (MHDC) and its operations.  

 

            As a result of the first full government review of the states housing agency we have the opportunity to implement recommendations to save money for taxpayers and ensure agency operations are consistent and transparent, Blunt said.  I appreciate the panel members for their work and look forward to reviewing the recommendations and discussing the report with the panel members.

 

            State Sen. Jack Goodman (R) and former MHDC Chair Gary Collins (D) chaired the committee. The group held a number of open meetings and public forums around the state as they reviewed MHDC operations.  Among other things, their recommendations include:

 

  • Making the evaluation and award process as transparent to the public as possible
  • Strengthening the review process for developers to screen out those that lack capacity, have a poor track record with other agencies, and/or have been sanctioned for violations
  • Encouraging projects that also bring in funds from other sources
  • Expressing concern that the presence of the four elected officials on MHDC has led to the appearance of politics
  • Developing an affordable housing database to provide Missourians access to information about available housing opportunities
  • Enhancing the application and evaluation process

 

            The Missouri Housing Development Commission makes investments in rental housing developments, preservation of affordable rental housing, home mortgages, home improvement loans, grants to neighborhood housing groups and other housing programs.  MHDC functions as a bank, providing financing directly to borrowers or through a network of private lending institutions.

 

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Stanley Cox Appointed to State-Wide Panel

Jefferson City-Governor Matt Blunt has created a panel to recommend changes to save money in the state's Housing Development Commission. Included among panel members is newly elected State Representative Stanley Cox. Cox Previously served as Chairman of that agency in the 1980's.

"Concerns have been raised about the transparency and efficiency of the agency, and I have tasked this bipartisan panel to find ways to save money for taxpayers," Governor Blunt said in a statement Friday. A spokesman for the Governor said that this panel was not in response to a particular incident. "As you look at the volume of money that moves through the Housing Development Commission, it's important that there's transparency and that taxpayers are confident that the money's being handled efficiently and effectively and appropriately."

Other individuals appointed to this "Blue Ribbon Panel" include:
** Co-Chair State Sen. Jack Goodman (R)
** Co-Chair Gary Collins (D), former MHDC Chair
** Lou Berra (D), President Development Resource Group
** Bill Brown (R), a former regional HUD director
** Bill Greiner (R), chief investment officer UMB
** State Rep. Rodney Hubbard (D)
** John Joines (R), Community Action Agency director
** Margaret Kelly (R), former state auditor
** State Sen. Harry Kennedy (D)
** Becky Scorse (R), loan officer at Guaranty Bank in Springfield, city housing authority member

PAID FOR BY STAN COX FOR STATE REPRESENTATIVE, BEN EMBREE TREASURER

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