Berkeley CSUA MOTD:Entry 50533
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2008/7/11-13 [Reference/RealEstate] UID:50533 Activity:nil
7/11    The Failure Of Neoliberalism
        Charlie Rangel and his 4 rent-controlled apartments in NY, including
        one he uses as an office.
        http://www.nytimes.com/2008/07/11/nyregion/11rangel.html
        \_ Is this a sarcastic joke about the previous post on neoliberalism,
           or am I missing something?
           \_ I didn't post the 'neolib' comment.  Some dumbass keeps adding
              it. -op
2025/05/25 [General] UID:1000 Activity:popular
5/25    

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www.nytimes.com/2008/07/11/nyregion/11rangel.html
Click Here For Rangel, Four Rent-Stabilized Apartments Mick Hales/"Style and Grace: African Americans at Home," Bulfinch Press Alma and Charles B Rangel's Harlem residence, as shown in "Style and Grace: African Americans at Home" (2003). Charles B Rangel is enjoying four of them, including three adjacent units on the 16th floor overlooking Upper Manhattan in a building owned by one of New York's premier real estate developers. Enlarge This Image Uli Seit for The New York Times The Harlem building where Representative Charles B Rangel has four rent-stabilized units. Mr Rangel, the powerful Democrat who is chairman of the House Ways and Means Committee, uses his fourth apartment, six floors below, as a campaign office, despite state and city regulations that require rent-stabilized apartments to be used as a primary residence. The current market-rate rent for similar apartments in Mr Rangel's building would total $7,465 to $8,125 a month, according to the Web site of the owner, the Olnick Organization. The Olnick Organization and other real estate firms have been accused of overzealous tactics as they move to evict tenants from their rent-stabilized apartments and convert the units into market-rate housing. Tensions are especially inflamed in Harlem, where the rising cost of living and the arrival of more moneyed residents have triggered anxiety over the future of the historically black neighborhood. And Vantage Properties, a company established by Olnick's former chief operating officer, has attracted billions in private equity financing by promising investors that it can aggressively convert tens of thousands of rent-stabilized apartments, many in Harlem. Yet Mr Rangel, a critic of other landlords' callousness, has been uncharacteristically reticent about Olnick's actions. State officials and city housing experts said in interviews that while the law does not bar tenants from having more than one rent-stabilized apartment, they knew of no one else with four of them. Others suggested that the arrangement undermines the purpose of rent regulation. "There are families who manage to get two, when one tenant marries another, things like that," said Dov Treiman, a lawyer who publishes The Housing Court Reporter, a legal trade publication. "But I've never heard of any tenant managing to get four." Mr Rangel's use of the fourth apartment as an office, in addition to his 2,500-square-foot residence, was especially troubling to some advocates, given the city's chronic shortage of housing for low- and moderate-income residents. "Whether it's an elected official or not, no one should have four apartments, especially when one is being used as an office," said Michael McKee, treasurer of the Tenants Political Action Committee, who was not aware of Mr Rangel's situation when he was interviewed. Mr Rangel, who was first elected to Congress in 1970 and is one of the city's most recognizable elected officials, has written and spoken extensively about his devotion to his home in Harlem, but does not appear to have ever publicly acknowledged that he has been permitted to lease four rent-stabilized apartments there. According to a public records database and interviews with neighbors, he has lived in the building since the early 1970s, but it is not clear when he amassed the four units. Mr Rangel, 78, declined to answer questions during a telephone interview, saying that his housing was a private matter that did not affect his representation of his constituents. Olnick officials declined to discuss when or why they decided to permit Mr Rangel to lease multiple rent-stabilized units. Asked why he had been allowed to use one as an office, Jeanette Bocchino, a spokeswoman for the company, replied: "This is a private matter for the Olnick Organization and Mr Rangel to evaluate." Mr Rangel is not the only prominent resident with a rent-stabilized apartment at Lenox Terrace. David A Paterson told The New York Sun in May that he pays $1,250 for a rent-stabilized two-bedroom apartment in the complex that rents for $2,600 or more at market rates. Basil A Paterson, the governor's father, pays $868 per month for his apartment there, in the same building as Mr Rangel's apartments, according to state records. Percy E Sutton, the former Manhattan borough president and a longtime ally and friend of Mr Rangel's, also lives at Lenox Terrace, though records about his rent were not available.