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
Parkview’s Paul Rahimian and 1800 Avenue at Port Imperial (Parkview Financial, Handel Architects, Illustration by Kevin Cifuentes for The Real Deal)
Chinese developer Hongkun faces foreclosure on luxury NJ condo
Chinese developer Hongkun faces foreclosure on luxury NJ condo
Joseph Chetrit and 98 Montague Street in Downtown Brooklyn (Credit: Getty Images and Google Maps)
Brooklyn’s iconic Bossert Hotel facing foreclosure
Brooklyn’s iconic Bossert Hotel facing foreclosure
Related's Stephen Ross, the Gregory Hotel at 42 West 35th Street and Meadow Partners’ Jeffrey Kaplan (Getty, Google Maps, Meadow Partners)
Related sues Meadow after foreclosure on Garment District hotel
Related sues Meadow after foreclosure on Garment District hotel
Extell Development's Gary Barnett. Bluestone Group's Eli Tabak and 605 West 45th Street (Google Maps. LinkedIn, Extell Development)
Gary Barnett hunts lucrative Hell’s Kitchen assemblage
Gary Barnett hunts lucrative Hell’s Kitchen assemblage
Mayor Bill de Blasio (Getty, iStock)
De Blasio’s post-mayoral home has been a 4-star Brooklyn hotel
De Blasio’s post-mayoral home has been a 4-star Brooklyn hotel
Retail landlord Jack Terzi and 240 East 54th Street (Jack Terzi)
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Robert Gans, 533 West 27th Street and Eli Tabak (Robert's Steakhouse, Google Maps)
Strip club owner alleges Tabak family conspiracy in $100M suit
Strip club owner alleges Tabak family conspiracy in $100M suit
A photo illustration of "Foreclosure" signs (iStock)
Foreclosures surge 181% to highest levels since March 2020
Foreclosures surge 181% to highest levels since March 2020
arrow_forward_ios

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

Loading...