City tapped De Blasio donor to take over foreclosed properties

Groups including Frank Carone's RiseBoro donated $100,000 to political campaigns including de Blasio's presidential campaign

New York /
May.May 28, 2019 02:00 PM
Mayor Bill de Blasio and Frank Carrone (Credit: Getty Images)

Mayor Bill de Blasio and Frank Carone (Credit: Getty Images)

Frank Carone’s RiseBoro Community Partnership and Nancy Lepre’s Avante Contracting were among groups that gave at least $100,000 to political campaigns, including Mayor Bill de Blasio’s presidential campaign, and were chosen to take over properties the City foreclosed on as part of the third-party transfer program. Many of the foreclosures were in gentrifying neighborhoods.

Carone holds significant sway over appointments of judges who then hear the foreclosure cases, and can rule in favor of the City. Those same judges can then transfer the properties to Carone’s RiseBoro Community Partnership. “The implication on the third-party transfer program is pure and utter nonsense,” a spokesperson for Carone told the New York Daily News.

Carone, longtime de Blasio ally, is chief lawyer for the Brooklyn Democratic Party, has connections to the former Brooklyn kingmaker Vito López and represents the Podolsky Brothers. The influential lawyer came under scrutiny just last month when it was found that Carone represented the Podolsky brothers in the City’s purchase of 21 “cluster sites” for $173 million which was overvalued by $26 million, according to records.

Carone has also made donations to state Attorney General Letitia James and city Comptroller Scott Stringer, both of whom could investigate the program.

[New York Daily News] Georgia Kromrei


Related Articles

arrow_forward_ios
Mayor Bill de Blasio and REBNY president James Whelan (Getty, Whelan via Anuja Shakya)
Business alliance urges de Blasio not to blow $22B federal aid windfall
Business alliance urges de Blasio not to blow $22B federal aid windfall
Millions of homeowners remain vulnerable as forbearance winds down
Millions of homeowners remain vulnerable as forbearance winds down
Millions of homeowners remain vulnerable as forbearance winds down
The New York Life Sciences and Biotechnology Center at First Avenue and 41st Street (NY Life Sciences)
Life sciences leasing breaks annual record in five months
Life sciences leasing breaks annual record in five months
RSA President Joseph Strasburg (Rent Stabilization Association)
Landlords plea for water rate freeze ahead of vote
Landlords plea for water rate freeze ahead of vote
Vanbarton Group's Gary M. Tischler and Richard Coles with 17 John Street (Google Maps)
Vanbarton forecloses on Prodigy’s FiDi co-working property
Vanbarton forecloses on Prodigy’s FiDi co-working property
Speaker Corey Johnson and Mayor de Blasio. (Getty, The New York City Council)
City Council quietly cut homeless voucher eligibility ahead of vote
City Council quietly cut homeless voucher eligibility ahead of vote
Mayor Bill de Blasio (Getty, NY City Council)
All eyes on de Blasio after City Council approves housing voucher increase
All eyes on de Blasio after City Council approves housing voucher increase
City Council Speaker Corey Johnson and Mayor Bill de Blasio (Getty, iStock)
De Blasio balks as CoJo schedules vote on rental vouchers
De Blasio balks as CoJo schedules vote on rental vouchers
arrow_forward_ios

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

Loading...