Hannity Defends $90 Million in HUD-Backed Real Estate

Hannity Defends $90 Million in HUD-Backed Real Estate

The Guardian found Hannity had spent about $90 million buying at least 870 properties in seven states, including Florida, Alabama, Georgia, New York, North Carolina, Texas and Vermont.

Representatives for Fox News declined to comment to the Guardian, but Hannity has talked about his views on real estate investing on air. At the request of US District Judge Kimba Wood last Monday, Cohen's attorneys disclosed in court that Hannity was the third client of Cohen's from the past year. What's more, Hannity seems to have benefited from the Department of Housing and Urban Development (HUD) - something that he didn't disclose to his viewers when he interviewed HUD chairman Ben Carson. BEN CARSON on his shows and interviewed CARSON on his TV show last JUNE. Many were in low-income neighborhoods, which Hannity's companies purchased out of foreclosure. Numerous properties were bought at discounts in 2013 after foreclosures, and others were bought with funding help from the U.S. Department of Housing and Urban Development, the Guardian said, citing public records.

Hannity's real estate attorney Christopher Reeve said his client's property holdings were "highly confidential" and not relevant to the public.

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"I have never discussed with anybody at HUD the original loans that were obtained in the Obama years, nor the subsequent refinance of such loans, as they are a private matter".

The report by JON SWAINE alleges that HANNITY holds the properties in over 20 shell companies, all named with a variant of a name based on the initials of HANNITY's children.

"I doubt you would find it very surprising that most people prefer to keep their legal and personal financial issues private", Reeve told the newspaper.

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The Guardian noted that Carson was not personally involved in any of Hannity's dealings but that the HUD secretary has the power to allow Hannity to convert rental complexes into sellable condos. The public records show Hannity is the owner behind some of the shell companies, and Hannity's lawyer did not dispute that he owns all of them.

"The guy who's really sweating it out these days is Michael Cohen, Trump's criminal lawyer-and when I say 'criminal lawyer, ' I mean lawyer who's a criminal", Maher joked during his monologue.

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