Sunday, January 7, 2018

BREAKING NEWS: Perkins Coie & Detroit Land Bank Authority Still Suck

If you have been following my series on why Perkins Coie Sucks, you should be well aware of the fact that I am not a fan of those people in Perkins Coie.


I will be going into detail on the history of why Perkins Coie sucks, but I would prefer to wait to tell my tale in the proper jurisdiction.

Just so you understand that this is a long story, Perkins Coie sucks because it did not just set up the Detroit Land Bank Authority for the Clinton Foundation so Bill could launder those TARP slush funds to one of his shell companies in Costa Rica, it was very, very mean to my Sweetie.

Saddy face.

UNSEALED: Fusion GPS Bank Records Show Russia-Related Payments



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The following was published February 18, 2016.

Perkins Coie Serves as General Counsel to Community Reinvestment Fund in Financing of $42 Million Detroit Home Mortgage Program to Develop Detroit’s Neighborhoods

02.18.2016

Innovative Venture Evolved from Clinton Global Initiative and the Obama Administration’s Detroit Federal Working Group

CHICAGO, Ill. (February 18, 2016) - Perkins Coie served as general counsel to Community Reinvestment Fund, USA (CRF), a national non-profit community development financial institution and a leader in bringing capital to underserved areas, in the development of Detroit Home Mortgage, an innovative new program introduced today to make Detroit home buying easier. Detroit Home Mortgage Fund is a $42 million funded mortgage program to help solve Detroit’s appraisal gap problem. Banks will now be able to lend qualified homebuyers the full amount needed to purchase a renovated home, or to buy and rehabilitate homes anywhere in the city of Detroit.

Detroit Home Mortgage was developed in collaboration with Detroit Mayor Mike Duggan, the Obama Administration’s Detroit Federal Working Group, the Clinton Global Initiative, local banks, foundations and nonprofits. Additional grants to CRF in support for the program include $6 million from The Kresge Foundation, $6 million from the Michigan State Housing Development Authority and operating support from the Ford Foundation and The Kresge Foundation. CRF is the sole owner/manager of the Detroit Home Mortgage Fund which evolved out of the Clinton Global Initiative (CGI) meeting in the summer of 2015 and announced as a new CGI Commitment to Action.
Perkins Coie served as general counsel to CRF in connection with all aspects of the Detroit Home Mortgage Program, including the formation of the Fund and all program implementation documents.

The Perkins Coie team was led by Chicago partner Bruce Bonjour and included Chicago partners Ed Wicks and Richard Peterson; Dallas partner Craig Lackey and Washington, D.C. partner Jesse Kanach.

Click here to read the CRF press release.
Click here to learn more about Detroit Home Mortgage.

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