GOP real estate developer launches bid to oppose DeLauro for Congress
A big-name real estate executive and single mother has launched her first-ever bid for elected office against New Haven’s 15-term incumbent Rep. Rosa DeLauro.
Margaret Streicker of Milford is the only Republican challenger now in the 3rd District race against DeLauro. She acknowledged her bid could be an uphill battle in blue-leaning New Haven County, but said she was committed steering the district away from partisanship toward “pragmatic” results.
“I recognize that this is a challenge,” Streicker said. “I’ve spent my career doing turnarounds, making things better, improving, working through difficult situations when others may not have wanted to step up to the plate. I want to step up to the plate.”
Streicker, 44, is building her campaign as a business-focused moderate who won’t be a “blind follower” of President Donald Trump, she said.
“My view of the president is simple: When he does things that help our district and help our country I am happy to praise him,” she said. “If there are things that are truly wrong, I am not afraid to say so. I am not running to be solely a red hat.”
Streicker built her name in New York real estate and now runs two companies. Newcastle Connecticut provides financial services and management for multiple Connecticut projects. Fortitude Capital is a firm she launched last month representing properties in Indiana, Florida, North Carolina, Arizona and Arkansas, she said.
After over 15 years overseeing numerous residential and commercial properties in New York City, Streicker closed her construction and legal services business, Newcastle Realty Services, in December 2019, following the passage of new housing and rent regulations in New York.
Newcastle has been controversial in New York.
In 2015, Streicker’s firm reached an agreement of more than $1 million with the New York attorney general to settle allegations of illegal buyouts for rent-regulated tenants. The firm did not admit wrongdoing.
More recently, Streicker’s former head of operations, David Drumheller, was accused by the New York attorney general’s office of inflating the cost of renovations to lift apartments over the threshold for rent regulation and then taking kickbacks from construction contractors.
Streicker’s Newcastle Realty Services was not a defendant in the lawsuit, but the suit does allege multiple employees were involved in the ploy.
In a letter to New York Gov. Andrew Cuomo, Streicker described the Housing Stability and Tenant Protections Act as a job-killer that would make it harder for owners and managers to upgrade and maintain their properties.
Streicker’s Connecticut-based firm manages privately-owned student and faculty properties near Yale University. Newcastle Connecticut also converted a New Haven church to multi-family housing and operates property in Milford, she said.
Streicker is an adjunct professor at Columbia University in the graduate school for real estate and teaches a course at New York University. She is a trustee of the Jewish Museum and Temple Emanu-El, New York’s oldest reform congregation, which has a Streicker Center for community events, a donation from her family.
A lifelong Milford resident, she is the divorced mother of four school-age children.
Streicker said her business experience has taught her to compromise and make concessions.
On health care, she said she’s committed to maintaining insurance “choice” and promoting price transparency for hospitals and drugs. She said individual states should shape their own gun laws, but she “might support” increasing background checks for gun sales via federal legislation.
She said she hopes to rebalance tax law to reduce the tax burden on Connecticut residents.
“I don’t believe we can tax ourselves to prosperity,” she said. “I don’t believe residents of Connecticut’s 3rd want to be part of effectively a welfare state... that said, I acknowledge that income inequality has increased over recent decades and that’s an issue that needs to be addressed.”
firstname.lastname@example.org; Twitter; @emiliemunson