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Bay State's Congress members report thousands in rent income

Email|Print|Single Page| Text size + By Andrew Miga
Associated Press / June 17, 2008

WASHINGTON - Six of the 10 House members from Massachusetts are landlords who made thousands of dollars last year on rental properties, according to financial disclosure reports released yesterday.

The 2007 filings by lawmakers offer a glimpse into their personal finances, including assets, gifts, income, and trips paid for by private groups. Lawmakers are not required to list exact figures on most disclosure report categories, only a broad dollar range.

Representatives Michael E. Capuano, Stephen F. Lynch, James P. McGovern, John W. Olver, John F. Tierney, and Niki Tsongas reported rental income in addition to their $165,200 congressional salaries.

The state delegation's newest member, Tsongas, got between $15,001 and $50,000 rent for a house in Chatham on Cape Cod. The property was valued between $1 million and $5 million.

Tsongas and her late husband, Paul, a former US senator, bought the house in 1984. It has been rented during the summer most years, Tsongas spokesman John Noble said.

The congresswoman also reported capital gains between $15,001 and $50,000 on Exxon Mobil Corp. holdings.

Capuano reported rents on two properties in Somerville, Mass., and one in Tuftonboro, N.H., totaling between $15,003 and $45,000. He bought the second Somerville property, valued between $250,001 and $500,000, in May 2007.

Capuano got $9,000 in fees as executor for an uncle's estate and $5,000 as a trustee for an aunt's credit shelter trust.

Two South Boston properties generated between $10,002 and $30,000 in rental income for Lynch, a South Boston native, while a basement rental unit in McGovern's home in the capital generated between $5,001 and $15,000 rental income. The home was valued between $1 million and $5 million.

Olver got between $5,001 and $15,000 in rent for a Boston property, while Tierney's interest in a Salem, Mass., property produced between $5,001 and $15,000 in rental income.

Capuano, Lynch, Olver and McGovern held the rental properties jointly with their spouses, according to the reports.

Other Bay State congressmen reported income from teaching college and from a state pension.

Representative Richard E. Neal was paid $21,000 to teach a government and politics course at the University of Massachusetts at Amherst, while Representative William D. Delahunt, a former district attorney who now represents Cape Cod and the South Shore, got $57,444 from a state pension.

Representative Edward J. Markey's federal credit union account was valued between $15,001 and $50,000.

Representative Barney Frank, chairman of the House Financial Services Committee, took eight trips for which his travel expenses were paid by outside groups.

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