The White House Trifecta

Minority female slumlord. And rich. Valerie Jarrett. Just like the good old white boys from Chicago. Women! We've finally made it! Think of the real estate development if the Olympics come to Chicago!! More poor to be moved out and scattered--again--just like 20 years ago. More tax dollars down the drain.

White House Olympics crony watch.

From Change.gov: "Valerie B. Jarrett became the President and Chief Executive Officer of The Habitat Company on January 31, 2007. From November 1995 through January 31, 2007, she was the Executive Vice President of The Habitat Company. The Habitat Company is one of the nation’s premier developers and managers of residential apartments and condominiums. Habitat has developed more than 17,000 housing units and currently manages more than 20,000 units. Before joining The Habitat Company in 1995, Ms. Jarrett served for eight years in the City of Chicago government; first as Deputy Corporation Counsel for Finance and Development, then as Deputy Chief of Staff for Mayor Richard M. Daley and finally, as Commissioner of the Department of Planning and Development. Prior to her City government service, Ms. Jarrett practiced law with two private law firms."

From Chicago Tribute: "Habitat has earned $6.8 million in fees and $10.8 million in administrative expenses since the plan started in 2000, according to the U.S. Department of Housing and Urban Development. The company also earns millions as a property manager for the CHA."


From Boston Globe's story of Jarrett's (and Obama's) slum dealings in 2008.

Campaign finance records show that six prominent developers - including Jarrett, Davis, and Rezko - collectively contributed more than $175,000 to Obama's campaigns over the last decade and raised hundreds of thousands more from other donors. Rezko alone raised at least $200,000, by Obama's own accounting.

One of those contributors, Cecil Butler, controlled Lawndale Restoration, the largest subsidized complex in Chicago, which was seized by the government in 2006 after city inspectors found more than 1,800 code violations.

Butler and Davis did not respond to messages. Rezko is in prison; his lawyer did not respond to inquiries.

Jarrett, a powerful figure in the Chicago development community, agreed to be interviewed but declined to answer questions about Grove Parc, citing what she called a continuing duty to Habitat's former business partners. She did, however, defend Obama's position that public-private partnerships are superior to public housing. . .

[Obama] once told the Chicago Tribune that he had briefly considered becoming a developer of affordable housing. But after graduating from Harvard Law School in 1991, he turned down a job with Tony Rezko's development company, Rezmar, choosing instead to work at the civil rights law firm Davis, Miner, Barnhill & Galland, then led by Allison Davis.

The firm represented a number of nonprofit companies that were partnering with private developers to build affordable housing with government subsidies."