News

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.

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.

Katherine Huggins

Share
Published by
Katherine Huggins

Recent Posts

Trump Urges Iran To Agree To Nuclear Deal Following Devastating Israeli Attacks

President Donald Trump issued a statement urging Iran to accept a nuclear deal to prevent…

10 hours ago

‘No Kings Day’ Protests Draw Large Crowds Across Major U.S. Cities, With Some Violence Reported

On Saturday, demonstrators across the U.S. participated in organized “No Kings Day” protests, which aimed…

10 hours ago

David Hogg To Leave DNC After Messy Feud With Democratic Party Leadership

Political activist David Hogg is leaving the Democratic National Committee after announcing he won’t run…

10 hours ago

Trump Orders ICE To Expand Deportation Efforts In Cities Led By Democrats

On Sunday, President Donald Trump ordered Immigration and Customs Enforcement (ICE) to expand deportation efforts…

11 hours ago

Trump Says Removing Russia From G7 Was ‘A Mistake’

In a meeting with Group of Seven (G7) leaders held on Monday, President Donald Trump…

11 hours ago

After Supreme Court Allows Maryland’s Semi-Automatic Rifle Ban To Stand, Gun Control Advocates Wonder For How Long

The Supreme Court announced that it would not grant a hearing to a Second Amendment…

1 day ago