Jl'l
’ -9
A flo id a b le Homes. The seventh annual hom e show , sponsored by N orthw est
N a tu ia l Gas, w ill tun
through Sunday, A u g u st 19.
L ocated in Beav-
erton on Southw est C ortez
Court o ft 135th A venue
just north o f Brockman Road,
die event w ill feature an
“ e a rth -frie n d ly ” neighbor-
hood. The homes have
been designed and con-
structed not o n ly to show -
case the styles and techniques
o f die b u ild e rs, bu t also to
respond to the p u b lic ’s grow -
mg in c lin a tio n to w a rd en-
v iro n m e n ta lly responsible
lifcstyle s.
STR-EET
OM ES
N u m e ro u s as-
pects o f the homes w ill re-
fle e t die e a rth -frie n d ly theme in con stru ctio n , fu rn ish in g s and landscaping. A m o n g
elem ents various b u ilders have incorporated in th e ir homes are w ater restricters,
low flu sh to ile ts, extra insulation, natural gas systems, set-back therm ostats, lo w -
mam tenance landscaping, com post, b u ilt-in re c y c lin g centers and b u ild in g m a te ri­
als made fro m w o o d byproducts.
1 he M e tro p o lita n Service D is tric t has w o rke d w ith the bu ild e rs to fu rth e r
enhance the them e. R ecycled products and re cyclin g d isplays, com post bins,
e n v iro n m e n ta lly safe cleaning agents and energy conservation m ethods w ill be
presented th ro u g h o u t the neighborhood. In add ido n , M e tro w ill sponsor a K id s ’
Earth F a ir A u g u st 3 w ith puppet shows, hands-on ac tiv itie s and e xh ib its focused on
rec y c lin g and resource conservation and c h ild re n 12 and under w ill be a d m itte d at
no chaige w ith an adult.
The Street o f A ffo rd a b le (m eaning around $150,000) Homes w ill be open
fro m 10 a.m . to 8 p.m . fro m A u g u st 3-19. A d m is s io n w ill be $5 fo r adults, $4 fo r
Bureau o f the Census represen­
tatives w ill begin v is itin g the firs t o f
4,500 housing u n its in the m e tro p o litan
area this m onth to con d u ct in te rvie w s
fo r the A m e rica n H ousing S urvey, ac­
co rd in g to Leo C . S c h illin g , d ire c to r o f
the bureau’ s re g io n a l o ffic e in Seattle.
T h is area is one o f 11 m etro­
p o lita n areas in th is year’ s survey. It
was last surveyed in 1986.
The Census Bureau and the
D epartm ent o f H ousing and U rban D e­
velopm ent planned the survey to obtain
current in fo rm a tio n on housing, one o f
the m ost im p o rta n t measures o f the na­
tio n ’ s econom y.
T he agencies w ill issue a report
fo r each m e tro p o lita n area surveyed 18
m onths a fte r the in te rv ie w s have been
com pleted.
In fo rm a tio n the Census Bureau
obtains is c o n fid e n tia l by law and is
used o n ly to c o m p ile statistical totals.
Bureau representatives are lo ca l re si­
dents. Each carries an o ffic ia l id e n tifi­
ca tio n card w ith the bearer’ s photograph
and signature.
seniors, $3 fo r ch ild re n 6-12 and free fo r ch ild re n under 6.
Mortgage Rates Decline, House Sales Rise
Sales
of
the June 1989 rate. A d d itio n a lly , the
Federal H om e L oan M ortgatge C orp,
pre vio u sly-o w n e d
homes picked up momentum during June,
as consumers responded to lo w e r m o rt­
gage rates, a ccording the N a tio n al A s ­
sociation o f Realtors.
The association recorded a
seasonally adjusted annual sales rate o f
3 34 m illio n existing sin le -fa m ily homes
last m onth, w h ic h was 1.2% h ig h er from
reported that the n ational average c o m ­
m itm e n t rate fo r j u - / u < u , uuuvouuuiiai,
fixe d -ra te m orgages fe ll d u rin g June,
and m ortgage rates were lo w e r than a
•sajo
j
year ago.
The rise in the national price
re fle cts steady dem and, fueled m a in ly
by repeat buyers, noted NAR. president
die M a y rate o f 3.3 m illio n units. The
June resale rate was s lig h tly h ig h er than
J» w* If- 4» •*'«* èr
►
> < * »-X.
# «* *
Housing Census
Starts
Environmentally Stable Homes Displayed
E le ve n fu lly decorated and landscaped new homes w ill greet the p u b lic F r i­
day A u g u st 3 when nine Portland-area bu ild e rs open the doors in the 1990 Street o f
»' •
N orm an F lyn n .
Oregon’s First Group Home to Open
DO YOU DREAM OF
OWMNGAHQME
DOT AREN’T SORE
TOO QUALIFY
FOR FI NAMCMG?
U.S. Bank now offers a hom e financing
program that ma\ help make qualifying
easier, even if you don't have an established
credit record Introducing:
THE COMMUNITY HOME BUYER S PROGRAM
This special program is designed for
borrowers with annual household incomes
under $37,100. To be eligible to apply for
financing under this special program, you
simply need to participate in a three-hour
hom e buying seminar. The seminar will
;ive you valuable information on the home
g
ouying and mortgage loan process, plus
help you evaluate y» >ur current ability to
afford a mortgage.
If you are interested in participating
in this special financing program that may
allow vou to buv with as little as 5% down,
call 1-800-422-8762 to reserve your place at
the FREE seminar today
DATE: ThursdavAugust 9
TIME: 6:30-9:30 p.m.
PLACE: Salvation Army Moore St.
Community Center
5430 N. Moore St., Portland
0
U S. B A N K ,
«QUAI.
SXSïî Member U) IC
L iv e d e v e lo p m e n ta lly disabled yo u th w ho were ju s t released fro m F a irv ie w T ra in in g Center have a ne w ly b u ilt house
to ca ll hom e, thanks to the partnership o f the State o f O regon, M u ltn o m a h C o u n ty, and the H ousing A u th o rity o f P ortland. The
house at 16122 N .E . Russell is the firs t State-operated g ro u p hom e in O regon. It provides the residents w ith perm anent housing
lo i as lo n g as they w ant to liv e there. T w o o f the residents attend R eynolds H ig h S ch o ll, w h ile the other three w o rk in the co m ­
m unity at a local grocery store. The Russell Street House provides a stable en viro n m e n t and the a d d itio n a l support and tra in in g
needed to help the residents become m ore independent and integrated in to the co m m u n ity .
T he Open House fo r the Russell Street House is open to the p u b lic , on Tuesday, July 31 fro m 3 :30 p.m . to 5:00 p.m.
A
NEW
HOME
FOR
HAP
THE HOUSING AUTHORITY OF PORTLAND HAS MOVED TO ITS
NEW HOME AT HISTORIC NEW MARKET WEST IN DOWNTOWN PORTLAND
HAP’S NEW ADDRESS ISj.
WANT TO BUY
YOUR OWN HOME?
MOVE SIX
SPACES FORWARD.
(It’ll take just a few minutes
to see if you can afford a H U D home!)
HOUSING AUTHORITY OF PORTLAND
135 S.W. ASH
PORTLAND, OREGON
97204
HAP1S NEW TELEPHONE NUMBER_ISj
If you've worked for two
years For the same employer
(or in the some occupation) and
you have a good credit record,
move ahead 1 space
(503) 228-2178
HAP’S NEW HOME IS A SHORT WALK FROM TRI-MET’S
FARELESS SQUARE AND JUST HALF A BLOCK FROM THE SKIDMORE
FOUNTAIN MAX TRAIN STOP. BUS LINES 12, 19, AND 20 ARE
THE MOST CONVENIENT LINES TO REACH NEW MARKET WEST.
Stop here and compute your Adjusted
Income Thot's your total gross
monthly income, less federal withhold­
ing taxes Write your onswer here and
move on
H ÍñiP i
P R IC E OF
Multiply your Adpsted Income (From
space 2) by 0 38, then subtract $150 and
write the answer here Then move on to
the next space
U n ite d
S ta te s
1989:
Jun.
J u l.
Aug.
Sep.
O c t.
Nov.
D ec.
1990:
[r]
[p ]
KWH »«VS'N«
OPPORTUNITY
) ■ Write the smaller amount of
either space 3 or space 5 here. As a
general rule, that’s the maximum
amount you can afford for a
monthly house payment (including
property taxes).
YOU DID IT!
tf#w
number in spoce 6 is more than
$ 5 5 0 . then chances ore good
that HUD has on affordable
home for you. Your next move
is to coll your reel estate
agent
Law monthly payments
ond 3% down!
M E D IA N SALES
t=J
START
-
-
Jan.
Feb.
M a r.
A p r.
M ay [ r ]
J u n .[p ]
9 3 ,5 0 0
9 5 ,2 0 0
9 5 .8 0 0
9 3 ,8 0 0
9 2 ,4 0 0
9 3 ,1 0 0
9 2 ,5 0 0
9 6 ,3 0 0
9 5 ,2 0 0
9 6 ,3 0 0
9 5 ,6 0 0
9 5 ,6 0 0
9 7 .5 0 0
Add up all your monthly debts (cor,
loan, credit purchase, credit cord,
child support and alimony payments
you owe every month) and then
odd $150 Fill in the total here
and go to space 5.
Most of our HUD homes
ore approved for FHA
Mortgoge Insurance, which
mokes them more afford­
able than ever Plus, HUD's
bid process is eosy.
For listings of HUD homes
available now, look for our
big real estate classified od
in every Sunday Oregomon.
^HUD*
DEPARTMENT OF HOUSING
AND URBAN DEVELOPMENT
C Y989 by HUD. Portlond OP ko
You're almost home Multiply
your Ad|usted Income (from
space 2) by 0.53, subtract
the amount on space 4,
ond write the result here
N ow move along
PL IA S I NOT1: Indnaduoi CirtumtttXK«» *Ory Ot
do W oden req^rem enh for quoWytng o p ro a p eO *e
buyer for o home mor«goge Tbe bxmufo bora •
attended only to pro*tde you wilb o general M ao of bow
o lender moy » * » your bnoncioJ coodthoo a t * appfcot
Io o borne pure bote For furtbe- mformafcon on loan
requirem ent loll lo your tool estate a g e * o r local bwdir
R e v is e d
P r e lim in a r y
HOUSING
1ÔVAI
OPPORTUNITY