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Your Questions About Apartments For Low Income Students

April 9, 2012

Richard asks…

What do you think of this scandal? I heard Obama say in a debate that he worked 5 hours for Rezco.?

1. They met in 1990. Obama was a student at Harvard Law School and got an unsolicited job offer from Rezko, then a low-income housing developer in Chicago. Obama turned it down.

2. Obama took a job in 1993 with a small Chicago law firm, Davis Miner Barnhill, that represents developers — primarily not-for-profit groups — building low-income housing with government funds.

3. One of the firm’s not-for-profit clients — the Woodlawn Preservation and Investment Corp., co-founded by Obama’s then-boss Allison Davis — was partners with Rezko’s company in a 1995 deal to convert an abandoned nursing home at 61st and Drexel into low-income apartments. Altogether, Obama spent 32 hours on the project, according to the firm. Only five hours of that came after Rezko and WPIC became partners, the firm says. The rest of the future senator’s time was helping WPIC strike the deal with Rezko. Rezko’s company, Rezmar Corp., also partnered with the firm’s clients in four later deals — none of which involved Obama, according to the firm. In each deal, Rezmar “made the decisions for the joint venture,” says William Miceli, an attorney with the firm.

4. In 1995, Obama began campaigning for a seat in the Illinois Senate. Among his earliest supporters: Rezko. Two Rezko companies donated a total of $2,000. Obama was elected in 1996 — representing a district that included 11 of Rezko’s 30 low-income housing projects.

5. Rezko’s low-income housing empire began crumbling in 2001, when his company stopped making mortgage payments on the old nursing home that had been converted into apartments. The state foreclosed on the building — which was in Obama’s Illinois Senate district.

6. In 2003, Obama announced he was running for the U.S. Senate, and Rezko — a member of his campaign finance committee — held a lavish fund-raiser June 27, 2003, at his Wilmette mansion.

7. A few months after Obama became a U.S. senator, he and Rezko’s wife, Rita, bought adjacent pieces of property from a doctor in Chicago’s Kenwood neighborhood — a deal that has dogged Obama the last two years. The doctor sold the mansion to Obama for $1.65 million — $300,000 below the asking price. Rezko’s wife paid full price — $625,000 — for the adjacent vacant lot. The deals closed in June 2005. Six months later, Obama paid Rezko’s wife $104,500 for a strip of her land, so he could have a bigger yard. At the time, it had been widely reported that Tony Rezko was under federal investigation. Questioned later about the timing of the Rezko deal, Obama called it “boneheaded” because people might think the Rezkos had done him a favor.

8. Eight months later — in October 2006 — Rezko was indicted on charges he solicited kickbacks from companies seeking state pension business under his friend Gov. Blagojevich. Federal prosecutors maintain that $10,000 from the alleged kickback scheme was donated to Obama’s run for the U.S. Senate. Obama has given the money to charity.

Tim Novak

Administrator answers:

Expect the Republicans to bring it up.

Carol asks…

What do you think about Senator Obama and Reszko?

GOP wastes no time hitting obama angle ELECTION ’08 | Long personal history with Rezko already a point for attack messages
June 5, 2008 BY TIM NOVAK Rezko’s relationship with Obama goes back 18 years.
Some key events:
1. In 1990, Obama was a Harvard Law School student when he got a job offer from Rezko, then a developer of low-income housing in Chicago. Obama didn’t take the job.
2. In 1993, Obama got a job with a small Chicago law firm, Davis Miner Barnhill, that worked with low-income housing developers.
3. In 1995, one of the firm’s clients — the Woodlawn Historic Preservation and Investment Corp., co-founded by Obama’s then-boss Allison Davis — teamed with Rezko to turn a vacant nursing home at 61st and Drexel on Chicago’s South Side into low-income apartments. Obama worked 32 hours on the project, but only five hours came after Rezko and WPIC became partners, according to the law firm.
4. In 1995, Obama ran for the Illinois Senate. Among his first supporters was Rezko, whose companies gave $2,000 to his campaign. Obama won the race to represent a district that included 11 of Rezko’s 30 low-income housing projects.

5. In 2001, Rezko’s housing empire began to crumble when his company stopped paying the mortgage on the nursing home project. The state foreclosed on the building, which was in Obama’s district.

6. In 2003, Obama ran for the U.S. Senate. His campaign finance committee included Rezko, who threw a lavish fund-raiser June 27, 2003, at his Wilmette mansion.
7. . A few months after Obama became a U.S. senator, he and Rezko’s wife, Rita, bought adjoining pieces of property from a doctor in Chicago’s Kenwood neighborhood. Obama paid $1.65 million for the mansion, $300,000 below the asking price. Rita Rezko paid the full asking price of $625,000 for the adjacent vacant lot. The deals closed in June 2005. Six months later, Obama paid Rita Rezko $104,500 for a strip of her land, giving Obama a bigger yard. At the time of sale, it had been widely reported that Tony Rezko was under federal investigation. Obama has since called the deal “boneheaded” because it might look like he got a favor from Rezko.

8. In October 2006, Rezko was indicted for soliciting kickbacks from companies seeking state pension business under his friend Gov. Blagojevich. The feds say $10,000 of it went into Obama’s campaign fund for U.S. Senate, prompting Obama to donate the money to charity.

Administrator answers:

OMFG…He received a job offer and didn’t take it? Doesn’t he know a bribe when he sees it?

And only charged five billable hours to a low income housing project? He could have made a fortune in illegal kickbacks.

He allowed an acquaintance to go bankrupt, instead of interfering in the investigation?

Damn those personal ethics anyways.

Sharon asks…

PROBABILITY HOMEWORK HELP!!!!?

The City Housing Authority has received 100 applications from qualified applicants for eight low-income apartments. Three of the apartments are on the north side of town, and five are on the south side. If the apartments are to be assigned by means of a lottery, find the following probabilities.

(a)Two specific qualified applicants will be selected for apartments on the same side of town. (Round your answer to five decimal places.)?

A druggist wishes to select three brands of aspirin to sell in his store. He has five major brands to choose from: A, B, C, D and E. If he selects the three brands at random, what is the probability that he will select the following?
(b) brands B and C?

(c) at least one of the two brands B and C?

If yall could help me i would appreciate it soooo much!! i have been to our student tutors and facility tutors and no one has been able to help me!!! :(

Administrator answers:

Fie on your tutors!

(a) Split this into two independent problems:
(1) Both of them get chosen: Figure this as on o fthem gets picked first, the other getes picked second, and then mulitply by the number of ways you can distribute them in a group of 8 winners:
p1 = 2/100 * 1/99 * 8C2
(that last term is 8!/2!6! = 28)
(2) Now, given that both were chosen, figure the chance that one gets put into each side (failure). Figure this as the first one being assign to the north side (3/8), followed by the other being assign to the south (5/(8-1), since one north-side slot is now missing). Multiply that by 2, since they could be assigned either N-S or S-N.
P2fail = 3/8 * 5/7 * 2 = 30/56 = 15/28.
P2 = 1 – p2fail = 13/28.

Your overall probability is p1 * p2.

(c) I didn’t skip part b; this one is trivial: What’s the chance that he *doesn’t* pick exactly brands A, D, and E for the three?
P = 1 – (3/5 * 2/4 * 1/3). I’ll let you do the math from there.

(b) For this, figure he’ll pick B, then C. Multiply that by the number of ways B and C can be picked out of a group of 3.
P = 1/5 * 1/4 * 3C2 = 1/5 * 1/4 * (3!) = 6/20 = 3/10

Sandra asks…

Illegal Immigrants, Anchor Babies, and Sanctuary Cities?

Are these things happening in a Sanctuary City near you? Would you care if it spilled over into your city? It’s already spilled over the border. The following are today’s summaries of news articles in my local newspaper. These articles are typical:

Vision for new downtown set: Mayor Miguel Pulido of Santa Ana, Ca. pushes for 112 affordable for low-income and very-low income apartments to further accommodate illegal immigrants and their anchor babies.

Trial to begin for driver who struck, killed cyclist (Santa Ana): Trujillo is accused of being under the influence of prescription drugs and alcohol

SWAT team nabs stabbing suspect in attic: Fidel Gonzalez was arrested in Placentia on suspicion of assault with a deadly weapon in connection with a stabbing

Man confesses to killing friend in robbery, police say: Jose Fuentes of Santa Ana was arrested

Ex-teacher gets jail for sex with teen student: Naomi Perez is arrested

Stanton: Harvey Remero Jr. is shot: Police searching for suspect Jorge Rafael Huante

……and they just come here to work?…right!

Administrator answers:

Wow! These are interesting headlines! WOW!

Of course if an American killing, having sex with student, etc, who cares?? Right?!

I hope you call yourself R A C I S T

Sandy asks…

Student loans financial hardship?

My husband and I make poverty-level wages (low enough to not get taxed much and to be living in low-income apartment) as we are just starting out.

We have been very good about not building bad credit despite this, and have kept current on all of our bills so far. However, it is EXTREMELY tight. Paycheck-to-paycheck. Something that you wouldn’t think would make a big difference and does for my husband and I is our student loans. We each have student loans so it’s about 200 dollars a month for us.

I’m wondering, is there any program available or any way where we can legally put off having to pay on them until we are in a better situation? (Say, next year?) where it won’t affect our credit and the loans won’t default? I’m wondering if there are options like this out there for student loans. Any answers will help, thank you.

Administrator answers:

Talk to your lender. There are forbearance options if you are in economic hardship. Your interest would keep accruing, but if you are approved for this, you would be able to delay making payments for the short-term.

Make sure you keep making the payments while your application is in progress, but yes, there are programs out there to help people in your circumstance! :)

Lizzie asks…

likelyhood of being charged for purgery on housing application?

hey, so i just realized i made a mistake on my application, and am wondering if it will be alright. basically it’s for a low income apartment, and it asks whether i’m a fulltime student; i put i wasn’t because i thought the program i’m in is considered 3/4 time, as it’s 12 credits, but it turns out that is considered fulltime, and the application has already been sent for verification. what do you think the chances are of my being charged with purgery, as i signed a form saying all of the above is true etc. or will it likely at worst mean my application being rejected. thanks

keywords; housing law income restricted, washington state, landlord tenant, contract, fraud, mistake.

Administrator answers:

You committed fraud, not perjury

If they catch this before you move in, and they should, they will not press criminal charges as you have not fraudulently taken any money you do not qualify for yet. They will simply deny you housing and make a note for future reference that you attempted to commit fraud.

If you move in under a fraudulent application, yes the government will take legal action against you.

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