Nehemiah Corporation of America
Nehemiah Corporation of America is a non-profit organization based in Sacramento, California specializing in homeownership, affordable housing and community development. It started in 1994 as a small organization, but grew to prominence later in the 1990s after it developed a program that allowed home buyers to make down payments on their purchases using funds that were derived from the home sellers. This program, the Nehemiah Program, became popular and was widely emulated, giving birth to what came to be known as the seller-funded down-payment assistance industry. The industry attracted criticism from U.S. federal agencies (particularly the Government Accountability Office and the Internal Revenue Service) and was ultimately shut down in 2008 by a change in federal law.
Dewey &amp; LeBoeuf
The firm was founded by Randall J. LeBoeuf Jr., who was born in Albany, New York, in 1897. While still in solo practice in 1929, LeBoeuf became general counsel to the Niagara Hudson Power Company and the Aluminum Company of America (ALCOA). As his workload increased, LeBoeuf recruited his friend Bill Winston from an Albany law firm to form the partnership LeBoeuf & Winston on October 7, 1929, just before the U.S. stock market collapsed. Within six months, the new partnership had established itself at 15 Broad Street, New York City, where it shared offices with Niagara Hudson Power.