-I don't know yet how much Obama would have known about Rezko when he bought the home
Quite a lot, actually, Rogers, Rezko was his "political patron"....
Obama's letters for Rezko
NOT A FAVOR? | As a state senator, he went to bat for now-indicted developer's deal
BY TIM NOVAK Staff Reporter/tnovak@suntimes.com
As a state senator, Barack Obama wrote letters to city and state officials supporting his political patron Tony Rezko's successful bid to get more than $14 million from taxpayers to build apartments for senior citizens.
The deal included $855,000 in development fees for Rezko and his partner, Allison S. Davis, Obama's former boss, according to records from the project, which was four blocks outside Obama's state Senate district.
Obama's letters, written nearly nine years ago, for the first time show the Democratic presidential hopeful did a political favor for Rezko -- a longtime friend, campaign fund-raiser and client of the law firm where Obama worked -- who was indicted last fall on federal charges that accuse him of demanding kickbacks from companies seeking state business under Gov. Blagojevich.
Letters from Obama
The letters appear to contradict a statement last December from Obama, who told the Chicago Tribune that, in all the years he's known Rezko, "I've never done any favors for him.''
Firm paid city $1 for land
New Kenwood LLC also got letters of support from Obama, who represented a nearby Senate district.
"I am writing in support of the New Kenwood LLC's proposal to build a ninety-seven unit apartment building at 48th and Cottage Grove for senior citizens,'' Obama wrote in separate letters, each dated Oct. 28, 1998, to city and state housing officials. "This project will provide much needed housing for Fourth Ward citizens.''
At the time he wrote the letters, Obama was also a lawyer with Miner Barnhill & Galland, the law firm Davis formerly headed. Among the firm's clients were several companies owned by Davis and Rezko. The firm did not represent New Kenwood.
Davis and Rezko hired Daley & George, the law firm of the mayor's brother Michael, to help them get $3.1 million from bonds issued by the city of Chicago.
Rezko and Davis paid the city $1 for the land and spent more than $100,000 to clean it up, including the removal of an underground storage tank. Some tainted land was left behind, but state environmental officials approved construction after Rezko and Davis agreed to cover the polluted areas with parking lots, sidewalks or three feet of dirt, records show.
The $14.6 million Cottage View Terrace was funded entirely by city, state and federal taxpayers.
The project included $855,000 in development fees for New Kenwood. Records don't show how Davis and Rezko split the money. Davis owned 51 percent of New Kenwood, Rezko 49 percent, according to the records.
In addition to the development fees, a separate Davis-owned company stood to make another $900,000 through federal tax credits.
excerpts
much more at article
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