This past May, we launched our project to track credible allegations that President Trump, as well as his family members and close associates, are seeking to use the presidency to advance their personal financial interests.Just as President Trump’s son Eric will be providing President Trump with “quarterly” updates on the Trump Organization’s business affairs, we will do our best to provide readers with regular updates on credible allegations of presidential profiteering. Our July update is now available here. The most notable new highlight in the new material concerns two developments related to housing subsidies: First, while President Trump’s proposed budget proposed slashing funding for most housing assistance programs, it conspicuously exempts a program that provides payments directly to private landlords–a program from which Trump directly profits due to his ownership stake in a New York housing development that receives subsidies under the program. Second, President Trump appointed an event planner with close ties to his family (but no prior experience in housing policy) to a senior government position responsible for disbursing federal housing funds in New York and New Jersey, where the Trump Organization has substantial real estate holdings.
(Note: While we try to sift through the media reports to include only those allegations that appear credible, we acknowledge that many of the allegations discussed are speculative and/or contested. We also do not attempt a full analysis of the laws and regulations that may or may not have been broken if the allegations are true. For an overview of some of the relevant federal laws and regulations that might apply to some of the alleged problematic conduct, see here.)