{"id":1803878,"date":"2023-01-12T13:50:32","date_gmt":"2023-01-12T18:50:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1803878"},"modified":"2023-01-12T13:54:00","modified_gmt":"2023-01-12T18:54:00","slug":"dccc-chair-suzan-delbene-bemoans-rising-housing-costs-while-profiting-from-rent-hikes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dccc-chair-suzan-delbene-bemoans-rising-housing-costs-while-profiting-from-rent-hikes\/","title":{"rendered":"DCCC Chair Suzan DelBene Bemoans Rising Housing Costs While Profiting From Rent Hikes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdccc-chair-suzan-delbene-bemoans-rising-housing-costs-while-profiting-from-rent-hikes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1803878&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<\/p>\n<p>DelBene owns a stake in low-income apartment that has raised rents 55 percent\u00a0since she invested    DCCC Chair Rep. Suzan DelBene. (Photo by Chip Somodevilla\/Getty Images).    <\/p>\n<p>Suzan DelBene (Democratic congresswoman, Wash.) has been vocal in her condemnation of rising rents as well as establishing a reputation for being a proponent of federal housing subsidies. The Democratic Congressional Campaign Committee&#8217;s newly elected chair has made a handsome profit from a low-income apartment block that was subsidized through the same policies she supports in Washington.<\/p>\n<p>DelBene is one of the most well-off members of Congress. She holds a stake at a Seattle apartment block that receives an annual $1065,246 Low Income Tax Credit. It&#8217;s part of a federal program that she championed in Congress. According to DelBene\u2019s financial disclosure statements the building has seen an increase in rents of at least 55 percent since DelBene invested into it in 2014. In-kind value of her investment has also increased by at most two since then, according to her financial disclosure statements.<\/p>\n<p>The Washington State lawmaker isn\u2019t the first progressive in Congress to reap profits from a low-income apartment building. Following a lawsuit, Sen. Raphael Warnock, D. Ga. was attacked during his reelection bid. <em>Washington Free Beacon<\/em> <a href=\"https:\/\/freebeacon.com\/democrats\/raphael-warnocks-church-pays-for-his-home-its-also-trying-to-evict-the-poor-from-theirs\/\" target=\"_blank\" rel=\"noopener\">Report<\/a> This revealed that his church owned an Atlanta apartment complex that was used to expel residents during the pandemic. The rent was as low as $28.55 per month.<\/p>\n<p>DelBene has a stake in Balfour Place Apartments through Balfour Place Investors. This LLC she disclosed in her financial disclosures from 2014 to date as an LLC. &#8220;co-investment in multi-family housing building located in Seattle, Washington.&#8221; An attorney representing Balfour Place Investors and two other business entities identified DelBene\u2019s LLC as one of the owners of the apartment building in a June 2016\u00a0<a href=\"https:\/\/freebeacon.com\/wp-content\/uploads\/2023\/01\/Public-Comment.pdf\" target=\"_blank\" rel=\"noopener\">Letter<\/a> Contact a Seattle planner. Seattle real estate <a href=\"https:\/\/freebeacon.com\/wp-content\/uploads\/2023\/01\/Balfour-3.26.14-Assumption-And-Release-Agreement.pdf\" target=\"_blank\" rel=\"noopener\">Records<\/a> The LLC should also be identified as the owner of this building.<\/p>\n<p>DelBene\u2019s investment in the property has become substantially more valuable since 2014, when she <a href=\"https:\/\/disclosures-clerk.house.gov\/public_disc\/financial-pdfs\/2014\/10005400.pdf\" target=\"_blank\" rel=\"noopener\">valued<\/a> Balfour Place Investors, between $250,001 &#8211; $500,000. In 2021, her latest available <a href=\"https:\/\/disclosures-clerk.house.gov\/public_disc\/financial-pdfs\/2021\/10046520.pdf\" target=\"_blank\" rel=\"noopener\">financial disclosure<\/a>The value of her investment increased to between $1,000,000.001 and $5,000,000. Her financial disclosures reveal that she has received interest payments of between $80,000 to $265,000 from the LLC over the same period.<\/p>\n<p>Seattle\u2019s <a href=\"https:\/\/blue.kingcounty.com\/Assessor\/eRealProperty\/Dashboard.aspx?ParcelNbr=0660002340\" target=\"_blank\" rel=\"noopener\">appraised<\/a> In recent years, the property&#8217;s value has doubled. It is now worth $54.2 million. The<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic congresswoman Suzan DelBene (Wash.) has bemoaned rising rents and built a reputation as an advocate of federal housing subsidies. But the newly-minted chair of the Democratic Congressional Campaign Committee has also turned a tidy profit on a low-income apartment building subsidized by the same policies she supports in Washington.<br \/>\nThe post DCCC Chair Suzan DelBene Bemoans Rising Housing Costs While Profiting From Rent Hikes appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":108,"featured_media":1803881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[4092,14616,5184,7969,14613,14615,6367,4344,14617,10182,7972,14614],"class_list":["post-1803878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-beacon","tag-bemoans","tag-chair","tag-costs","tag-dccc","tag-delbene","tag-hikes","tag-housing","tag-profiting","tag-rent","tag-rising","tag-suzan"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1803878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/108"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1803878"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1803878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1803881"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1803878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1803878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1803878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}