Commentary: The Federal Housing Agency Hasn’t Gotten Its Economic House in Order, Under Both Parties

Apartments for Rent

Paul Fishbein’s conviction on rent fraud charges in New York City last year was a feast for the tabloids.

The story was crazy enough to get readers to click. Prosecutors said that Fishbein, 51, somehow convinced local housing agencies that he owned dilapidated apartment buildings that he didn’t, enabling him to move in tenants and skim government rent subsidies meant for lower-income, disabled, and elderly residents. Fishbein kept the con going for more than years. His take: $1.8 million.

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