Christopher Reeves, Hannity's real estate attorney, did not dispute the report in an email to The Guardian, describing Hannity's holdings as highly confidential.
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Fox News host Sean Hannity has been linked to a group of shell companies that spent $90 million over the past decade to purchase more than 870 properties in the United States with help from the Department of Housing and Urban Development and foreclosures, the Guardian reports. The loans were first obtained under the Obama administration, but were increased under the leadership of Ben Carson, who has been a guest on Hannity's show. Hannity did not disclose his cooperation with HUD when he had HUD Secretary Ben Carson on his show in June 2017.
During that segment, Hannity praised Carson, telling him, "I know you've done a good job".
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Hannity also railed against the state of public housing and made the false claim that home ownership was at a 51-year-low, the Guardian reported.
Hannity has said that he hates investing in the stock market, and instead buys real estate. Before and after then, Hannity sharply criticised Barack Obama for the USA foreclosure rate. The newspaper said those shell companies are limited liability companies, which are "popular among well-known figures such as Hannity who wish to keep their business arrangements private".
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Several of the properties bought by the shell companies were foreclosures purchased in 2013 at a discounted rate, according to The Guardian. Hannity has acquired hundreds of properties, using shell companies, across the USA over the last decade. A principal at the firm, Bill Lako, has appeared on Hannity's radio show and has written for the show's website. Properties are located in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont. Hannity was found to be owner of numerous shell companies listed in the report, a fact his attorney did not dispute in a statement to the newspaper.