Housing commissioner’s husband gets OK to invest in HR&A Advisors

Commissioner will have to recuse herself from all matters involving firm

TRD NEW YORK /
Jun.June 28, 2017 11:30 AM

Maria Torres-Springer

The city ethics board gave the thumbs up to City housing commissioner Maria Torres-Springer’s husband to invest in the real estate consultancy HR&A Advisors.

As part of the decision, Torres-Springer will have to recuse herself from any matter involving the firm, Politico reported. Her husband, Jamie Torres Springer (who doesn’t use a hyphen in his name), plans to acquire a stake in the firm worth more than $48,000.

The City’s Department of Housing Preservation and Development (HPD) and the Housing Development Corporation will also need approval from the city’s Conflict of Interest Board if it chooses to hire the consultancy.

City Hall spokesperson Melissa Grace told Politico that the firm currently has no contracts with HPD and HDC. She said the agencies have had few dealings with HR&A Advisors in the past.

Still, HR&A Advisors has worked for several other city agencies, including the sustainability office, the Economic Development Corporation, the Housing Authority and the departments of city planning and transportation.

Deputy Mayor Tony Shorris, former City Planning head Carl Weisbrod and Shola Olatoye, head of the Housing Authority, all previously worked at the firm. [Politico] — Kathryn Brenzel


Related Articles

arrow_forward_ios
Boris Santos

A win for real estate: Socialist candidate halts Assembly bid

City Comptroller Scott Stringer (Credit: Getty Images)

City Comptroller Scott Stringer proposes “Tenant Bill of Rights”

Marlene Cintron, the Bronx’s head of economic development (Credit: iStock)

“It didn’t happen:” Bronx leader says Opportunity Zone program failed to deliver

From left: Eric Adams, Shaun Donovan, Scott Stringer and Ruben Diaz Jr. (Credit: Getty Images)

Mayoral race goes from bad to worse for real estate

Senator Todd Kaminsky and RXR Realty's Scott Rechler (Credit: Getty Images)

No backlash for senator who broke ranks on rent vote

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

Mayor Bill de Blasio and subway damage caused by Hurricane Sandy (Credit: Getty Images)

Program to rebuild Sandy-damaged homes needs extra $92M

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

arrow_forward_ios
Loading...