NATIONAL HARBOR, MD - FEBRUARY 28: Jared Kushner, senior advisor to U.S. President Donald Trump, speaks at the Conservative Political Action Conference 2020 (CPAC) hosted by the American Conservative Union on February 28, 2020 in National Harbor, MD. (Image: Getty)
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.
Subscribe to our free weekly newsletter!
A week of political news in your in-box.
We find the news you need to know, so you don't have to.
Sen. Mitch McConnell (R-Kentucky) is facing criticism for comments made in a meeting with members…
Karine Jean-Pierre, former White House press secretary during Joe Biden's term in office, announced that…
Gov. Kathy Hochul (D-New York) announced plans to build a nuclear power plant in upstate…
Tesla CEO Elon Musk, a former top deputy for President Donald Trump, called the Republican…
The Supreme Court ruled in favor of South Carolina's decision to stop covering Planned Parenthood's…
A federal judge ruled on June 24 that the Trump administration cannot eliminate union bargaining…