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Pastor Joel Osteen returns $4.4 million federal pandemic mortgage for his Texas megachurch


A controversial celeb pastor value an estimated $50 million has returned $4.4 million in federal COVID aid loans his megachurch obtained from the federal government.   

In accordance with the Houston Chronicle, Joel Osteen’s Lakewood Church has repaid the cash after the stadium-sized facility was widely-condemned for accepting the money final yr.

A spokesman claimed they wanted the mortgage as a result of the church, which is America’s largest, and might maintain 16,800 worshippers at one time, was unable to take weekly collections throughout COVID closures which it says helps pay its 368 workers. 

However that sparked an outcry as particulars of Osteen’s excessive wealth had been as soon as once more shared.

His most up-to-date handle is listed as a six-bedroom, eight-bathroom mansion in Houston’s River Oaks neighborhood value an estimated $15 million.  

Small companies might apply for PPP loans with their banks underneath the federal authorities’s CARES Act stimulus package deal as an incentive to maintain their staff on the payroll amid the COVID-19 pandemic. 

Pastor Joel Osteen, seen right here giving a sermon in 2017, has reportedly returned $4.4million his megachurch obtained in pandemic help loans

Lakewood welcomes about 52,000 attendees throughout a number of providers per week, and its providers are streamed worldwide, as Osteen proselytizes in regards to the phrase of God and spreads the prosperity gospel – which teaches that wealth is an indication of God’s favor. 

And throughout the pandemic, the Each day Beast studies, he appeared on the In the present day Present urging folks to not ‘give attention to what [they] have or don’t have.’

The obvious hypocrisy drove some folks on social media to complain in regards to the church’s federal mortgage – the third highest handed out in Houston in July and August, in response to the Houston Enterprise Journal.

 ‘What number of small companies in Houston have closed their doorways as a result of they had been denied PPP funds?’ Rog Wagner requested. ‘Joel Osteen acquired $4.4 million from taxpayers although his church pays zero f***** taxes.’

Karen additionally referred to the Osteens’ mansion in River Oaks, whereas one other particular person requested how the church buildings might get the funds in the event that they don’t pay taxes. 

And Joel Jackson joked that the mortgage is a ‘huge assortment plate.’

The two live in a $15 million home in the Houston neighborhood of River Oaks

The 2 stay in a $15 million residence in the Houston neighborhood of River Oaks

The church has an average attendance of about 52,000 people a week, and its services are streamed worldwide

The church has a mean attendance of about 52,000 folks per week, and its providers are streamed worldwide

Lakewood Church shut down in-person services last year during the height of the coronavirus pandemic and was reportedly unable to 'collect substantial donations' at the time

Lakewood Church shut down in-person providers final yr throughout the top of the coronavirus pandemic and was reportedly unable to ‘acquire substantial donations’ on the time

Lakewood Church shut down in-person providers final yr throughout the top of the coronavirus pandemic, telling the Houston Enterprise Journal on the time they needed to go months with out the ‘means to gather substantial donations.’

‘Believing the shutdown would solely final a number of weeks, Lakewood didn’t initially apply for PPP help throughout the first half of this system,’ the spokesman stated.

‘Nonetheless, because the shutdown endured month after month, given the financial uncertainty, Lakewood lastly utilized for the PPP mortgage and has been in a position to present full salaries and advantages together with medical insurance protection to all of its staff and their households.’ 

The spokesman additionally insisted that not one of the PPP funds went to Osteen or his spouse, Victoria, neither of whom reportedly obtain a wage from the megachurch, however as an alternative offered monetary help to make sure their 368 staff would ‘proceed to obtain a paycheck and full well being care advantages.’ 

It was then granted the $4.4 million mortgage from Financial institution of America final July. 

Greater than 1,000 spiritual establishments in Houston had been authorised for PPP loans, receiving as much as $7.8 billion, regardless of not having to pay taxes underneath federal legislation.

The loans had been fully forgivable if an organization retained all of its workers on the similar pay degree and if the cash was spent on payroll and different bills.

However on Friday, a Lakewood spokesperson offered the Houston Chronicle with financial institution statements exhibiting the mortgage was totally paid off. 

In a statement, a church spokesperson said none of the money received from the PPP loan went to Osteen, right, or his wife, Victoria, who reportedly do not receive a salary

In an announcement, a church spokesperson stated not one of the cash obtained from the PPP mortgage went to Osteen, proper, or his spouse, Victoria, who reportedly don’t obtain a wage

After the news broke that the church was receiving a pandemic loan, many on Twitter questioned why such a wealthy church would need a $4.4 million payment

After the information broke that the church was receiving a pandemic mortgage, many on Twitter questioned why such a rich church would want a $4.4 million fee

The outrage over the mortgage comes 4 years after Lakewood was pressured to open its doorways to the victims of Hurricane Harvey after going through intensive backlash for initially refusing to take action. 

The Class 4 storm dumped 20 inches of rain on Houston, inflicting intensive flooding and killing 100 folks.

At first, Lakewood didn’t open its doorways for the victims, citing flooding on the megachurch, in response to NBC Information. 

However after movies had been posted to Twitter exhibiting the placement comparatively unaffected by the widespread flooding, folks started to query why Osteen’s megachurch – which has the capability for greater than 16,000 folks, and had as soon as been a stadium residence to the NBA Houston Rockets didn’t open for friends. 

Osteen later tweeted: ‘Victoria and I care deeply about our fellow Houstonians. Lakewood’s doorways are open and we’re receiving anybody who wants shelter.’

He denied shutting down the church to these in want, and shared pictures that appeared to indicate the church had skilled flooding.

‘Now we have by no means closed our doorways,’ Osteen stated in an announcement on the time. ‘We are going to proceed to be a distribution heart for these in want.

‘We’re ready to shelter folks as soon as the cities and county shelters attain capability. Lakewood shall be a price to the neighborhood within the aftermath of this storm in serving to our fellow residents rebuild their lives.’





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