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.