Saturday, August 23, 2008

Report: State housing official nabbed in rent scam


From today's Post:

A state housing official from Brooklyn was busted for selling lists of rent-regulated tenants to builders so they could target properties for redevelopment, The Post has learned.

Keith James, 53, of Brownsville, a rent program specialist at the New York State Division of Housing and Community Renewal, took the bribes from January 2001 to September 2005, authorities said.

A source close to the investigation told The Post that the rolls - which are not public - "are valuable because it gives developers and potential purchasers insight into the long-term revenue of a building that has rent-stabilized and rent-controlled apartments," allowing them to target buildings with fewer or older rent-regulated tenants.
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