Will Rangel's Income be Above Rent Stabilized Ceiling?

2008_09_rangelpc2.jpgThe Post suggests that Representative Charles Rangel's income may now be above $200,000, which is more than the $175,000-ceiling to qualify for rent-stabilized apartments. Rangel up until very recently occupied four rent-stabilized units at Lenox Terrace, three for living and one as an office (he gave up the office after the disclosure). Previously, Rangel claimed his income was around $175,000, but there are recent revelations about unreported income from a vacation villa, unreported property sales, and a free parking space for an old car. Of course, the Post points out his landlord doen't have to deregulate his apartments. But the building has tried to kick out rent-stabilized tenants for things like their children sending in rent checks for them (because the tenant was going blind).

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If (as I've heard) his management company is Vantage Management, I would not be a bit surprised to find that they've been allowing him to stay while kicking out other tenants on technicalities. They're not exactly the soul of integrity.

Leave the old man alone already!!

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