For Immediate Release: May 22, 2013
Rent Reform Advocates release two policy memos on Tenant Day of Action
“It is unconscionable for state leaders to ignore this issue, and continue allowing wealthy real estate barons to drown out the voices of actual voters,” said Jaron Benjamin, a spokesman for the Real Rent Reform Campaign. “Nothing less than the integrity of our entire electoral process is at stake—so we are calling on Governor Cuomo, Assembly Speaker Silver, and Senate Majority Leader Dean Skelos to do right by the people of this state and fix this oversight once and for all.”
The so-called ‘LLC loophole,’ unique to the real estate industry, allows property owners in New York State to establish separate limited-liability corporations for each of their properties, and then contribute the legal maximum of $150,000 to political campaigns with each one.
For more information, read the full policy memos here: https://www.dropbox.com/sh/