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Slumlord or Provider of affordable housing?

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MonkeyFunk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 06:42 PM
Original message
Slumlord or Provider of affordable housing?
Tucker Carlson just asked that. What a prick.
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ccpup Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 06:44 PM
Response to Original message
1. unsafe conditions and absolutely no heat
for five weeks during one of Chicago's coldest winters is consider affordable housing? I think Obama's constituents who suffered through it -- with no help from their State Rep Sen. Obama -- might strongly disagree.
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thunder rising Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 06:51 PM
Response to Reply #1
3. Of course you have a link to something that substantiates that ??
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ccpup Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 07:11 PM
Response to Reply #3
5. sure do
here you go:

For more than five weeks during the brutal winter of 1997, tenants shivered without heat in a government-subsidized apartment building on Chicago's South Side.

It was just four years after the landlords -- Antoin "Tony'' Rezko and his partner Daniel Mahru -- had rehabbed the 31-unit building in Englewood with a loan from Chicago taxpayers.

Rezko and Mahru couldn't find money to get the heat back on.

But their company, Rezmar Corp., did come up with $1,000 to give to the political campaign fund of Barack Obama, the newly elected state senator whose district included the unheated building.

http://www.suntimes.com/news/metro/353829,CST-NWS-rez23.article
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hedgehog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 06:46 PM
Response to Original message
2. I'd like to know the entire story. Rezko apparently was associated with a
church group when he went in on this deal. He wouldn't be the first to undersetimate the costs involved in renovating a building properly.
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ccpup Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 07:14 PM
Response to Reply #2
6. more info for you:
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.

...

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.

...

more at link:

http://www.suntimes.com/news/metro/353829,CST-NWS-rez23.article

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capi888 Donating Member (819 posts) Send PM | Profile | Ignore Tue Jan-22-08 06:55 PM
Response to Original message
4. Here is an article about Obama and his Rezko ties
http://www.suntimes.com/news/metro/353829,CST-NWS-rez23.article

I suggest all read it, then you can better understand or defend his position in this!! Its wonders when you want to select candidates with facts, and not just popularity. This is a serious decision, not a game folks. We could be in a whole lot of hurts, in the economy, war, and all the crap that is going on.
Many here act like it "American Idol" its not!!

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