Slumlord Wednesday

1a

Starrett City, Brooklyn, NY

Members of the House Committee on Oversight and Government reform are demanding more information related to the conflicts of interest posed by Donald Trump’s part ownership of Starrett City, a federally subsidized, low-income apartment complex in East New York.

Trump owns a 4 percent stake in Starrett City thanks to his father, developer Fred Trump, who made a career out of building projects with government support, and who invested in the construction of the Brooklyn complex in question. Opened in 1974, Starrett City is the country’s largest federally subsidized rental development with more than 3,500 apartments. It is funded through a direct subsidy to its owners, as opposed to voucher programs, with residents paying 30 percent of their income towards rent and the feds picking up the rest of the tab.

On his recently released disclosure forms, Trump says he made $5 million in rental income from January 2016 to April as part-owner. The income, tied as it is directly to federal policy that Trump can now dictate, is one of the starker examples of the many conflicts of interest that exist in the vast business holdings that he refuses to divest from.

As it happens, the president’s proposed budget calls for large cuts to public housing and voucher programs, but keeps funding for privately owned low-income housing subsidies basically static, cutting only $65 million from the $10.8 billion program.

Experts who spoke to the Washington Post, which first spotlighted the issue late last month, said that the budget isn’t necessarily motivated by self-dealing, noting that Trump has a lot of other income streams, and that other landlords benefiting from the program could make a politically formidable stink about reductions that directly impact their bottom line.

@ THE GOTHAMIST

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About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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30 Responses to Slumlord Wednesday

  1. Den says:

    The chainsaw idiots invaded my space with their racket, finally disposing of my poor shade tree leftovers 😦

    I am tired of this place, cram-packed with ignorance. I’m looking at a Nevada ranch but no firm plans as of yet. I like the solitude and vastness with mountain ranges waiting to be explored. I would like to catch some wild horses and find one trainable. So far just a dream driven by an urge to get away from the stupid idiots that surround me.

    Like

  2. David B. Benson says:

    Wondering if Micki knows Don Easterbrook?

    Like

  3. David B. Benson says:

    Dissmores, the local grocery store, is running a sprinkler on part of their roof.

    Like

    • Carol ٩(-̮̮̃-̃)۶ says:

      What did you make of that? Does it look like a roof commandeered for a garden? Do you think it was smoldering? Can’t be for cleaning out a gutter, need a hose w/ nozzle for that.

      Like

  4. Den says:

    Hey, here’s one for ya: Go to Democracy Now to todays’ program, scroll up to 34:50 and watch Marcy Wheelers’ eyes for a while, then report back here, have fun!

    Like

  5. Carol ٩(-̮̮̃-̃)۶ says:

    So freaking humid! I keep forgetting to look at the dew point, which I guess is the way to go when gauging how humid it is. It’s tough making something part of the routine after 70 years of getting by w/o it. I know I need to keep learning so I’ll try to remember the damn “dew point” tomorrow.

    But take my word for it, it has been awful for a few days now.

    Like

  6. Den says:

    The WH staff right now:

    Like

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