The Rent Stabilization Association quietly donated $500,000 on state Republican candidates in the midterm elections.
Rather than forming a political action committee — which is what the Real Estate Board of New York did with Jobs for New York — the RSA gave to the Washington D.C.-based Republican State Leadership Committee, according to Internal Revenue Service records cited by Crain’s.
In turn, the committee donated $885,000 to Balance New York, a group that helped Republican candidates in New York state in competitive races. Because the money passed indirectly to candidates, RSA’s name didn’t show up on the state Board of Elections website, the website reported.
In addition, RSA’s own PAC gave $25,000 directly to Balance New York in December 2013, Crain’s reported. [Crain’s] — Claire Moses