Rangel Double-Deal$
November 23, 2008
Harlem Rep. Charles Rangel took a “homestead” tax break on a Washington, DC, house for years while simultaneously occupying multiple rent-stabilized apartments in New York City, possibly violating laws and regulations in both cases.
The situation raises a number of potential problems for the congressman, including: New York City law requires that tenants use rent-stabilized apartments as their primary residence.
DC’s real Property Homestead Deduction Act also requires that a property receiving the benefit be a primary residence.
Read more: (Isabel Vincent and Jill Culora, “Rangel Double-Deal$; Reaped DC Home Perk While Bending Apple Rental Rules,” New York Post, 11/23/08)