Hannity Defends $90 Million in HUD-Backed Real Estate

Chuck Todd

The cable news titan is linked through the records to a number of shell, limited liability companies that spent at least $90 million on more than 870 properties spread over seven states during the past decade.

Representatives for Fox News declined to comment to the Guardian, but Hannity has talked about his views on real estate investing on air. Trump and Hannity are close, though, and Hannity is a huge proponent of the president, so the connection makes sense.

Hannity has a portfolio that obtained funding from the federal Department of Housing and Urban Development, under the National Housing Act loan program, which was first guaranteed under President Obama's administration, a fact he did not mention when interviewing secretary Ben Carson past year. The current HUD secretary, Ben Carson, has appeared on Hannity's show, but the Fox News host said that he never personally communicated with HUD about the loans. Among the most valuable properties in the portfolio is a pair of two large apartment complexes that Hannity bought in 2014 for $22.7 million. Dozens were purchased at a discount in 2013 after banks foreclosed on previous owners amid the financial crisis.

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The Guardian report comes days after it emerged Hannity is a client of Michael Cohen, Trump's longtime lawyer and fixer. Hannity had not disclosed that fact, and said he only asked for Cohen's advice on some real-estate matters. "I had no role in, or responsibility for, any HUD involvement in any of these investments", said Hannity. "The LLC's are REAL companies that spend real investment money on real properties". Hannity is the hidden owner behind some of the shell companies and his attorney did not dispute that he owns all of them. "Mr. Hannity is no different".

The 20 shell companies tied to Hannity were formed in Georgia and have been used to purchase properties in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont. HANNITY did not disclose his relationship with HUD when he praised HUD Secretary Dr. Daniels is suing to void a nondisclosure agreement which refers to a confidentiality agreement brokered by Michael Cohen that prohibits her from speaking publicly about her alleged affair with Trump.

"I've said many times on my radio show: I hate the stock market, I prefer real estate".

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