Representative Bill Owens (NC House District 1) has failed to report all of his real estate holdings on his Statement of Economic Interest (SEI), as required by North Carolina law.  The law requires public servants to disclose all personal financial interests over $10,000 so as to avoid potential conflicts of interest.  According to online public records, Representative Owens has not disclosed property owned by him in Wake and Nash Counties.

His most recent long-form SEI (filed in 2009) can be found Carolina Transparency’s website.   The State Ethics Commission confirms that no amendments were filed in 2009.  His 2010 Form is a No-Change Form.

Below are a few of the properties owned by Representative Owens that have not been disclosed.

Wake County:

  • 1505 Hillsborough St B G17 purchased in 2007.  Taxable value $146,000
  • 301 Fayetteville Street #3201 purchased in 2008.  Taxable value $488,00.  This is a condo in the RBC Tower in Raleigh.

Nash County

  • 1805 Boone Street purchased in 2009.  Taxable value $158,000

Clearly Mr. Owens is aware of the requirement to disclose his real estate holdings.  He did report on his extensive holdings in the Dominican Republic, which includes several condos and commercial buildings.  He also disclosed his multitude of properties in Granville, Wake, Nash, Wayne and Pasquotank Counties.  His Pasquotank holdings include the Waterworks Building on Water Street in Elizabeth City.

Knowingly providing incomplete information on a Statement of Economic Interest Form is a Class 1 Misdemeanor.  The offender is also subject to disciplinary action.

When reached for comment on the matter, Representative Owens confirmed that he owned the properties.  After researching the matter Mr. Owens stated that his office had inadvertently left them off the form.  He stated, “I certainly had no knowledge of it.”

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