facebook
twitter
rss
account
search
search
 

Rangel could lose rent-control protections

Sept. 21, 2008 at 4:30 PM   |   Comments

NEW YORK, Sept. 21 (UPI) -- U.S. Rep. Charles Rangel, D-N.Y. could lose his rent-controlled apartments because of his income, a newspaper reported Sunday.

Rangel, chairman of the House Ways and Means Committee, appears to have earned more than the $175,000-a-year ceiling for rent protected apartments, the New York Post reported.

Rangel earned between $172,802 and $185,200 in 2006 and $175,811 to $187,200 in 2007, the Post reported.

The newspaper said Rangel paid $3,894 a month in 2007 for four apartments in Lenox Terrace, a 1,700-unit luxury complex that have market rents of between $7,465 to $8,125.

Rangel has given up the unit he used as an office, while he and his wife live in the other three apartments.

New York City's rent guidelines allow owners of rent stabilized apartments to deregulate apartments if they can prove tenants earned more than $175,000 in two consecutive years.

Rangel is the target of several congressional ethics investigations related to his finances.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
School accused of using girl as rape bait; girl gets attacked School accused of using girl as rape bait; girl gets attacked
2
Man who raped pit bull puppy sentenced to five years in prison Man who raped pit bull puppy sentenced to five years in prison
3
40 Islamic State fighters killed in U.S. air strike 40 Islamic State fighters killed in U.S. air strike
4
Man beaten to death with barbell in San Francisco gym Man beaten to death with barbell in San Francisco gym
5
Playboy Magazine names UPenn top party school for 2014 Playboy Magazine names UPenn top party school for 2014
Trending News
Video
x
Feedback