Housing Authority loans $9,000,000 to for-profit company run by Chair of Housing Authority: Lawyer denies conflict of interest

Housing Authority loans $9,000,000 to for-profit company run by Chair of Housing Authority: Lawyer denies conflict of interest

The Americus Times-Recorder recently reached out to the registered agent for Americus Sumter Downtown Holdings, who clarified its relationship with the Housing Authority of Americus, or HAA. The HAA approved a $9,000,000 loan to Americus Sumter Downtown Holdings, or ASDH, to renovate The Allison. ASDH is a domestic profit corporation. The total funds requested by ASDH were $8,662,937.83, with $337,062.17 available for future withdrawal. The regi…