Monday, April 23, 2018
Hannity's real estate empire funded by HUD
He bought "discounted and foreclosed properties as investment tools through shell companies, all the while receiving support from the Department of Housing and Urban Development. [...] Those mortgage loans, which, according to the Guardian, were acquired through HUD’s National Housing Act, offered investors protection against loan defaults when purchasing rental properties." I.e., Hannity built a real estate fortune by accepting government welfare.