Bill targets ‘Kushner loophole’ allowing false filings
NEW YORK (AP) — A New York City councilman plans to introduce a bill to close the “Kushner loophole” that fails to check up on landlords if they file false documents with the city.
The move follows an Associated Press report this year that Jared Kushner’s family real estate company filed dozens of false documents with the city claiming it had no rent-regulated tenants in many of its buildings. That allowed it to avoid strict oversight of construction that critics say was used to drive out low-paying tenants.
Councilman Ritchie Torres says his bill would require the city’s buildings department to check with tax records to validate such claims. If any false submission is discovered, the landlord’s entire portfolio of buildings would be subject to an audit.
Kushner is President Donald Trump’s son-in-law.