Private haven for wealthy received $2,000,000 from small business loan program
A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus pandemic.
The association is responsible for maintaining the 216 acres of grounds and beaches, plus the common areas and swimming pools and 18 tennis courts for the island's 800 families. Ana Tinsly, a spokesperson for public services union SEIU Florida, said earlier this week that she was not aware of any layoffs.
After names of publicly traded companies which had received funds started making headlines, Secretary of the Treasury Steven Mnuchin warned there would be penalties unless they gave the money back.
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