But Obama's ties with Rezko go beyond those two real estate sales and the political support, the Sun-Times found. Obama was an attorney with a small Chicago law firm -- Davis Miner Barnhill & Galland -- that helped Rezmar get more than $43 million in government funding to rehab 15 of their 30 apartment buildings for the poor.
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Rezko and Mahru had no construction experience when they created Rezmar in 1989 to rehabilitate apartments for the poor under the Daley administration. Between 1989 and 1998, Rezmar made deals to rehab 30 buildings, a total of 1,025 apartments. The last 15 buildings involved Davis Miner Barnhill & Galland during Obama's time with the firm.
Rezko and Mahru also managed the buildings, which were supposed to provide homes for poor people for 30 years. Every one of the projects ran into trouble:
Seventeen buildings -- many beset with code violations, including a lack of heat -- ended up in foreclosure.
Six buildings are currently boarded up.
Hundreds of the apartments are vacant, in need of major repairs.
Taxpayers have been stuck with millions in unpaid loans.
At least a dozen times, the city of Chicago sued Rezmar for failure to heat buildings.
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more at link:
http://www.suntimes.com/news/metro/353829,CST-NWS-rez23.article