Land Purchase Sparks Investigation of Habitat for Humanity CEO

William Eubanks III, CEO of the Dallas Area Habitat for Humanity, is facing scrutiny over his financial history after a questionable land purchase.

Eubanks, who was heralded for his 40 years of experience in real estate and business, is now on paid leave while a law firm investigates whether he violated the charity’s conflict of interest policy, the Dallas Morning News reported.

The investigation centers around a land purchase by Habitat that resulted in a $24,000 commission to Eubanks’ wife, Lisa, a Dallas-area real estate agent. The nonprofit’s board launched the investigation after being informed that a news organization was looking into the matter.

Habitat purchased about 7 acres of land in Pleasant Grove for $600,000 in July, according to a settlement statement that shows the $24,000 commission was sent to RE/MAX Associates of Arlington, where Lisa Eubanks works. Sandra Miller, Dallas Habitat’s CFO, signed off on the transaction.

William Eubanks’ financial troubles are coming to light, dating back to 2009 when his company Eubanks Enterprises, which operated Kentucky Fried Chicken franchises, filed for bankruptcy protection. Eubanks owes over $2 million in state and federal taxes and over $1 million to companies with whom he did business, public records revealed. He has at least eight liens against him in two states, the outlet reported.

Eubanks, who became CEO in November 2022, has been criticized for his leadership style, leading to staff turnover and complaints from employees. A former board member cited senior staff departures and described a loss of intellectual capital as reasons for their resignation.

Eubanks declined to comment, and his lawyer said Eubanks is “an extraordinarily astute businessman.”

Law firm Littler Mendelson is conducting the investigation, expected to cover not only the land purchase but also Eubanks’ leadership style and staff turnover. The board will receive the firm’s findings, which could result in various consequences, including potentially removing Eubanks as CEO.

This situation raises questions about the board’s vetting process before hiring Eubanks and its oversight during his tenure. For now, Habitat CFO Mark Brown is overseeing the organization during Eubanks’ leave.

—Quinn Donoghue