Claire McCaskill’s husband received over $20 million in Stimulus cash for his real estate projects.
Senator McCaskill at the time had influence over federal policy that directly affected her family’s income.
National Legal and Policy Center reported:
An analysis of public records by the National Legal and Policy Center (NLPC) has found more than $20 million in federal stimulus funds benefitting real estate projects financially tied to Joseph Shepard, husband of Missouri Senator Claire McCaskill.
Earlier this month, the Associated Press published an analysis, stating, “businesses affiliated with the husband of Senator Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office…”
The NLPC analysis released today showed more than $20 million in financial benefits from the federal stimulus law to real estate projects associated with McCaskill’s husband, with all of the $20 million benefitting projects different than those identified by the Associated Press story.
While the AP study focused on federal subsidies going to entities listed on Financial Disclosure Reports filed by Senator McCaskill, NLPC reviewed voluminous public records involving the Missouri Tax Credit Fund, L.P. (MTCF), a business listed as an asset by Senator McCaskill on her reports.
None of the six real estate projects identified by NLPC as receiving over $20 million in federal stimulus funds were listed on McCaskill’s Financial Disclosure Reports or covered by the AP analysis.
According to McCaskill’s Financial Disclosure Reports, MTCF was listed as having an asset value of over $1 million in 2009, 2010, and 2011. Asset values are reported in broad ranges with “Over $1,000,000” being the highest category. Therefore, it is possible that the asset value of MTCF is much larger than $1,000,000.
The McCaskills make millions from their government subsidized properties each year.