HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Trump seeks sharp cuts to...

Wed Jun 21, 2017, 12:29 PM

Trump seeks sharp cuts to housing aid, except for program that brings him millions

Source: Washington Post

President Trumpís budget calls for sharply reducing funding for programs that shelter the poor and combat homelessness ó with a notable exception: It leaves intact a type of federal housing subsidy that is paid directly to private landlords.

One of those landlords is Trump himself, who earns millions of dollars each year as a part-owner of Starrett City, the nationís largest subsidized housing complex. Trumpís 4 percent stake in the Brooklyn complex earned him at least $5 million between January of last year and April 15, according to his recent financial disclosure.

Trumpís business empire intersects with government in countless ways, from taxation to permitting to the issuing of patents, but the housing subsidy is one of the clearest examples of the conflicts experts have predicted. While there is no indication that Trump himself was involved in the decision, it is nonetheless a stark illustration of how his financial interests can directly rise or fall on the policies of his administration.

The federal government has paid the partnership that owns Starrett City more than $490 million in rent subsidies since May 2013, according to figures provided by a spokesman for the Department of Housing and Urban Development. Nearly $38 million of that has come since Trump took office in January.



Read more: https://www.washingtonpost.com/investigations/trump-seeks-sharp-cuts-to-housing-aid-except-for-program-that-brings-him-millions/2017/06/20/bf1fb2b8-5531-11e7-ba90-f5875b7d1876_story.html?tid=ss_tw&utm_term=.1c36a0a1451b



Trump has bragged in the past that he could financially profit from the presidency. He never tried to hide that, and he's not bothering to hide it now.

11 replies, 3421 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 11 replies Author Time Post
Reply Trump seeks sharp cuts to housing aid, except for program that brings him millions (Original post)
NastyRiffraff Jun 2017 OP
NewJeffCT Jun 2017 #1
TryLogic Jun 2017 #2
Eugene Jun 2017 #3
Matthew28 Jun 2017 #4
War Pigs Jun 2017 #10
mrmpa Jun 2017 #5
riversedge Jun 2017 #6
Achilleaze Jun 2017 #7
Tommy_Carcetti Jun 2017 #8
DK504 Jun 2017 #9
TexasBushwhacker Jun 2017 #11

Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 01:02 PM

1. I'm shocked to hear that

and, he'll want additional funding for levees to protect against rising sea levels near his Trump resorts...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 01:05 PM

2. Sounds like a form af racketeering

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 01:18 PM

3. duplicate, sorry

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 01:19 PM

4. Evil man

But I guess the majority of the American people are heartless assholes like him....That is all I can figure.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Matthew28 (Reply #4)

Wed Jun 21, 2017, 05:48 PM

10. yep all those bible thumping christian white women voted in droves for the

vagina grabbing, teen pageant peeping, orange manchild. remind their sorry asses every fucking chance you get and do it in front of others to shame them- oh wait it wasn't their family member so it's ok

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 03:25 PM

5. My 87 year old mother is in HUD subsidized housing.......

it's a beautiful apartment & building. The building is run by a non-profit, I know Mom pays about 25-30% of her income for the apartment. I was scared when Ben Carson became Director of HUD & this post scares me even more.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to mrmpa (Reply #5)

Wed Jun 21, 2017, 03:40 PM

6. I am scared also. I have a neice with 2 kids in one of those Hud buildings

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 03:58 PM

7. republicans engorging themselves with welfare moneybucks

republicans - including their Draft-Dodger-in-Chief - need to quit milking government welfare-for-the-rich programs, and pull themselves up by their own damn bootlaces.

Reply to this post

Back to top Alert abuse Link here Permalink



Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 05:33 PM

9. So Emoluments Clause is just there to look pretty

and act like we have some sort of legitimate democracy in America. Good to know.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NastyRiffraff (Original post)

Wed Jun 21, 2017, 06:39 PM

11. Seems to me a partnership is not an individual landlord n/t

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread