Jared Kushner’s Real Estate Company, Kushner Companies, Could Get Millions Of Dollars Of Benefit From Coronavirus Stimulus Bill

White House Senior Adviser Jared Kushner’s family business could benefit from a provision of the coronavirus relief stimulus bill, which allows landlords to freeze federal mortgage payments on low- and moderate-income properties.

Last year, Kushner Companies received about $800 million in federally backed debt last year to purchase apartments in Maryland and Virginia. The company, which is run by the family of President Donald Trump‘s son-in-law, also owns thousands of low- and moderate-income housing developments across the country — making it a prime candidate to benefit from the coronavirus relief bill.

Under the bill, landlords can temporarily freeze mortgage payments on low- and moderate-income housing developments if they promise not to evict tenants who are unable to pay rent.

Kushner has no direct involvement in the real estate company’s management.

Article by Katherine Huggins