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

Commissioner will have to recuse herself from all matters involving firm

New York /
Jun.June 28, 2017 11:30 AM

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
The bus terminal was built in the 1950s and designed to serve one fourth of the riders it sees today. (Getty)
Port Authority to raze, replace “hell on earth” bus terminal
Port Authority to raze, replace “hell on earth” bus terminal
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Will Catsimatidis switch parties? (Getty)
Republican or Democrat? Catsimatidis picks his poison
Republican or Democrat? Catsimatidis picks his poison
Vijay Dandapani, president & CEO, Hotel Association of New York City (Getty)
Hotel owners ask NY for break on tax penalties
Hotel owners ask NY for break on tax penalties
NAR's Vince Malta (Photos via NAR; Pixabay; iStock)
NAR suspends federal political donations after Capitol attack
NAR suspends federal political donations after Capitol attack
President Joe Biden (Getty; iStock)
President Joe Biden’s real estate checklist
President Joe Biden’s real estate checklist
Photo illustration of Sen. Brad Hoylman, who championed the pied-à-terre tax. (Getty)
Pied-à-terre tax revenue estimate slashed by 41%
Pied-à-terre tax revenue estimate slashed by 41%
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)
Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
arrow_forward_ios

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

Loading...