Real estate company

Stacy Spann appointed CEO of Bethesda real estate company

Stacy Spann appointed CEO of Bethesda MidCity real estate company

Stacy Spann, who is stepping down as executive director of the Housing Opportunities Commission, has been appointed CEO of MidCity, a Bethesda-based real estate company, the company said on Tuesday.

Spann has headed the Housing Opportunities Commission (HOC) since 2012.

Last week, Bethesda Beat reported that the HOC was looking for a new executive director after Spann submitted a resignation letter to the board, claiming his last day would be July 30.

The reason for his resignation was not made public at the time. HOC President Roy Priest then told Bethesda Beat, “The only thing I can tell you is that he’s looking for another job on a personal level. He did not reveal what he was going to do.

In a press release issued Tuesday morning, MidCity wrote that Spann’s “keen understanding of the multifaceted development landscape” will be “an asset to our transformational redevelopment projects.”

“MidCity will benefit from Stacy’s extensive experience in multi-family housing in the greater Washington / Baltimore area, and her successful efforts to acquire, develop, own, lease and operate affordable housing,” wrote MidCity President Gene Ford Jr., in the press release.

Spann will replace John Wall, who will take on a new role of senior advisor within the company.

MidCity was founded in 1965 with a mission to develop and manage mixed-income and mixed-use communities, according to the press release.

In an interview last week, Priest said Spann had done a good job as executive director.

“These are very difficult jobs, and because this is a public body, we are subject to public scrutiny. … You gain experience, you use that experience, you move on to the next opportunity, ”Priest said.

At a meeting last week, Priest said the committee met behind closed doors on May 26 and approved a search committee and a request for proposals to seek a new executive director.

Priest said after further consideration he “determined that it would be much more beneficial for the whole commission to be involved in the different stages of a research process.”

The committee then voted unanimously to revoke the approval, on May 26, of a search committee and authorizations to issue a call for tenders.

Priest said in an interview that the board’s action was to streamline the process of finding a new executive director. HOC commissioners could still bring in a search firm, which will be determined within the next 30 days or so, he added.

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