Council Speaker Candidate Didn't Report Rental Income

  • Posted at 2:37, January 06, 2014
  • By QuidnuncRE Staff

The New York Daily News continued its inquiry into the real estate dealings of City Council member Melissa Mark-Viverito today in an exclusive that says that the Council speaker candidate isn't accurately reporting NYC rental income.

Mark-Viverito has said she has enough votes to win the speaker's post in a vote expected this week by the City Council.  But the tabloid urged that she be rejected in large part because she may have misrepresented her wealth in getting a no-interest loan to develop an East Harlem townhouse.

QuidnuncRE took a long look Saturday at the community land-use work Mark-Viverito performed on the Council via a New York Times investigation, as well as the Daily News article and editorial on the councilwoman's personal investments. You can read "QuidnuncRE Weekend: Council Speaker Candidate's Real Estate Vetting," HERE, with links to the two articles and editorial.

Now, reporter Greg B. Smith, who wrote the first Daily News article on Friday (linked on QuidnuncRE above), reports that Mark-Viverito is renting out the townhouse she purchased and developed, and not reporting income on it as is required for New York city employees each year. 

The article says that Mark-Viverito had reported rental income in 2007-2008, but it's unclear if the disclosure applies to the three-unit NYC townhouse or other property the councilwoman owns in Puerto Rico.

You can see today's followup Daily News article HERE.

At this posting, Mark-Viverito, who was sworn in last week to her third Council term, has not responded to the articles.  But there is piling on:  The New York Post reported that some people in the community fear her, with some of the allegations coming from a woman who filed suit late last week against the councilwoman for putting a hex on her and causing the woman to lose her primary challenge for Mark-Viverito's Council seat. (There is info on the bizarre suit at the QuidnuncRE link above.)

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