New York City's Department of Housing Preservation and Development s official Wendell Walters
FBI agents this morning arrested a ranking New York City government official on a variety of corruption charges.
Wendell Walters, a senior official in New York City's Department of Housing Preservation and Development, faces conspiracy, bribery, and racketeering charges for alleged misconduct related to his official business for the city, officials said.
Walters, who serves as the department's assistant commissioner for new construction, is scheduled to be arraigned later today in Brooklyn federal court.
A spokesman for the FBI's New York office confirmed Walters' arrest, but declined to elaborate on the details of the alleged corruption scheme.
Six other people were also arrested today by FBI agents for their alleged involvement in the bribery scheme, officials said.
The City's Department of Housing Preservation and Development bills itself as "the largest municipal developer of affordable housing in the nation."
The agency underwrites the renovation and repair of existing housing units, as well as financing new construction.
Over the past quarter century, the department has spent more than $8.7 billion to provide for more affordable housing for city residents, according to its website.