Banned contractor Orange Crush, embraced by Rosemont, has given Mayor Bradley Stephens nearly $170K

It’s been more than two decades since the Palumbo family’s construction companies were caught up in a corruption investigation that found widespread fraud committed by two of their businesses.

The family’s late patriarch Peter Palumbo and sons Sebastian and Joseph Palumbo were convicted in a related case and sent to prison.

And the Palumbo family’s companies were forever banned from getting state- or federally- funded work, though not municipally funded projects.

But a Palumbo family business that wasn’t involved in the 1990s scandal but faced the same bans has continued to get contracts from the village of Rosemont, records show. Orange Crush, LLC, has been paid more than $25 million by Rosemont since Bradley Stephens became mayor in 2007, records show.

Since the convictions, Orange Crush has given nearly $170,000 to campaign funds controlled by Stephens — who’s also a Republican state legislator seeking to hold onto that post in

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New home sales crush projections, but supply is dwindling

People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020.

Wany Ying | Xinhua News Agency | Getty Images

Exceptional demand for both new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted.

Sales of newly built homes jumped to the highest level in 14 years in August, but builders’ supply dropped to just 3.3 months’-worth at the current sales pace. A 6-month supply is considered a balanced market. Supply was at 5.5 months in August 2019, according to the U.S. Census.

The situation is even worse in the market for existing homes. It’s down nearly 19% annually to a 3.0-month supply, according to the National Association of Realtors.

“Housing demand is robust but supply is not, and this imbalance will inevitably harm affordability and hinder ownership opportunities,”

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