Hannity Defends $90 Million in HUD-Backed Real Estate

Cristina Cross
April 24, 2018

Fox News host Sean Hannity came out swinging Monday after The Guardian published a report on several companies linked to Hannity that have purchased millions of dollars worth of real estate over the past decade.

The embattled host supposedly received support from HUD when he used shell companies to purchase discounted and foreclosed properties as a means of investment, which, of course, caused plenty of uproar among his detractors. There is no indication that Hannity is engaged in any illegal practices, but he is the hidden owner behind at least some of the 20 companies through which he has bought property.

As WND reported, Hannity was named as a client of President Trump's attorney, Michael Cohen, last week. Around that time, Hannity had sharply criticized former President Barack Obama for the rate of US foreclosures, and he did not disclose his financial dealings with HUD during an interview previous year with HUD Secretary Ben Carson in which he complained about the state of public housing.

Hannity bought two apartment complexes in Georgia for $22.7 million in 2014 with mortgages totaling $17.9 million that HUD insured through the National Housing Act program, according to the report. In January 2016, Hannity said there were "millions more Americans suffering under this president" partly because of foreclosures. The shell companies formed in Georgia reportedly purchased properties in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont.

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Donald Trump's lawyer Michael Cohen was the butt of Bill Maher's jokes on Friday night, during his HBO show Real Time.

In his statement, Hannity said that he did not "individually select, control or know the details about" the real estate investments that he made but that they were going to communities that he said "badly need such investment".

Hannity argued that he never discussed his original loans obtained during Obama's administration with anyone at HUD.

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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But even Trump-defending frequent Fox News guest Alan Dershowitz scolded Hannity on his own show for the infraction. "I had no role in, or responsibility for, any HUD involvement in any of these investments".

Fox News' Sean Hannity is seen in the White House briefing room in Washington, D.C., January 24, 2017.

"I think he is so into this, like a pig in the mud, he can't get out of it", Connolly told CNN in an interview. "His word can never again be trusted, given the fact that he consciously did not reveal this relationship".

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