Landlord group quietly donated $500K to state Republicans

RSA contributed money to GOP group rather than forming political action committee

New York /
Nov.November 14, 2014 10:03 AM

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.

RSA represents rent-regulated landlords in the city. Rent regulation laws are set to expire in June. The Republicans took control over the state senate during this year’s midterm elections.

In addition, RSA’s own PAC  gave $25,000 directly to Balance New York in December 2013, Crain’s reported. [Crain’s] — Claire Moses 


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)
After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)
New NYC rent law “beginning to shut down investment”
New NYC rent law “beginning to shut down investment”
CoStar CEO Andy Florance and REBNY president James Whelan (Getty, iStock, REBNY)
Brokerage execs gush over REBNY, CoStar listing portal. Agents aren’t sold
Brokerage execs gush over REBNY, CoStar listing portal. Agents aren’t sold
Lost without office workers, Midtown storefronts struggle to find tenants
Lost without office workers, Midtown storefronts struggle to find tenants
Lost without office workers, Midtown storefronts struggle to find tenants
No signature, no listing service: Vendors balk at REBNY’s new data agreement
No signature, no listing service: Vendors balk at REBNY’s new data agreement
No signature, no listing service: Vendors balk at REBNY’s new data agreement
Retail asking rents declined across Brooklyn this summer
Retail asking rents declined across Brooklyn this summer
Retail asking rents declined across Brooklyn this summer
Landlord groups say the Housing and Vacancy Survey distorts the vacancy rates in New York City to maintain rent stabilization. (iStock)
Empty numbers: Landlords say vacancy survey distorts truth
Empty numbers: Landlords say vacancy survey distorts truth
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...