4
May 6 , 1992...The Portland Observer-Page 5
Portland Observer Visted
By President Of Oregon’s
Largest University
BY PROF. MCKINLEY BURT
Dr. Myles Brand, the 14th presi
dent o f the University o f Oregon, called
on us M onday, April 27, to deliver a
reassuring message. Knowing that this
community is certainly going to hold
his institution accountable, Dr. Brand
did not mince words in presenting the
school’s position in regard to m inori
ties.
at recruiting and retaining both m inor
ity students and faculty... There shall be
a special effort to secure the most im
portant outcome of all, to see that they
G raduate.”
Now, the readers should under
stand that the visit to our offices was
part o f a broader mission that same day
which brought the top three Oregon
prexys to Portland. The University News
Bureau putil, “Three University Presi
dents To Discuss Future O f Oregon
Higher Education with Business Lead
ers, Public In Portland Area...”
Introduced at the greenw ood Inn,
Beaverton, were University o f Oregon
(UO) President M yles Brand, Oregon
State University (OSU) President John
Byrne and Portland State University
(PSU) President Judith Ramaley. The
purpose of this most extra ordinary
conclave was to “bring together some
of the Portland area’s most prom inent
business leaders and the public to dis
cuss the growing crisis in state higher
education funding brought on by enact
ment of Ballot M easure 5, and the im
plications o f this crisis for O regon’s
overall economic future.”
We gathered from the tenor o f Presi
dent Brand’s overtures to our staff that
he was quite aware this situation could
only increase the apprehensions and
fears o f the minority com m unity in
respect to access to higher education. In
addition to the assurances cited earlier,
he stated a firm conviction that there
had been “ too much politics” in the
efforts to secure effective solutions to a
problem approaching diestrous dim en
sions.
This community agrees with him
that there m ust be a “bipartisan solu
tion” , All may be assured that we shall
followup on every aspect o f a situation
that threatens “ the availability of af
fordable, quality higher education.
McFadden Named as New President/
CEO for Volunteers of America Oregon
¿ UNION'AVENUE
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Z GIÀSVXGMPÀNY.;
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The Board of Directors o f Volun
teers o f A merica Oregon, Inc. have
chosen Gerald Mcfadden as the new
P resident/C hief E xecutive O fficer.
M cFadden com es to Portland from
Volunteers o f America Los Angeles
where he served as the Vice President
of Programs and Marketing. As Presi-
5--------------- —-
LORRAINE HLAVINKA
All Types of Auto Plate and Window Glass
Storm Doors and Windows
4709 NE Martin Luther King, Jr. Blvd
Portland, Oregon 97211
Woman-Owned
Phone 249-5886
Statewide Fair Housing
Conference Held in Portland
The eighth annual Oregon Fair
Housing
Conference was held in Port
Seeming to anticipate our concerns,
land
on
Thursday,
April 30, at the Port
he addressed a number of issues that for
land
Airport
Ram
ada
Inn. The confer
years have been a flash point in the
ence,
which
ran
from
8:30
a.m. to 5.30
controversies and negotiations with
p.m.,
drew
more
than
350
participants
O regon’s institutions of higher learn
from
Oregon
and
southern
W ashing
ing. De. B rands’ statements in refer
ton.
Representatives
from
local
banks,
ence to both remedial and forward-
landlords,
real
estate
companies,
ten
looking programs and attitudes toward
ants,
government
agencies,
and
non
students o f color were forthright and to
profit and social service groups were
the immediate point. He seemed to
expected to attend.
understand that we have heard all o f this
The event’s keynote speaker was
before.
Gordon
Joyner, a Georgia attorney and
There were several particular and
nationally
recognized fair housing ex
specific statements o f intent
pert.
Former
Director of the U.S. D e
“The related programs we have in
p
a
rtm
e
n
t
o
f
H o u sin g and U rban
place will not only continue but shall be
D
evelopm
ent’s
O ffice of Enforcement
enhanced... The school will work hard
and currently a fair housing litigator,
Joyner is widely acclaimed for winning
sizeable monetary awards and land
mark cases involving racial discrim ina
tion in housing. Joyner, an elected mcm-
berofthe Fulton County,Georgia Board
rate on a loan sim ilar to yours
of Commissioners, delivered his key
is at least 2% less than what
note address at 9 a.m. In addition he
you're paying now , a refi is
worth considering. But there
are exceptions to that rule.
For example, even if the dif
ference between the two rates
Oregonian, January 16,1992. The
is acceptable, if you’re plan
Oregon Association o f Urban Bankers
ning to be in the home only a
has launched a program involving a
short time, you'd be unlikely
fifth-grade class at King Elementary
to recoup the high loan costs
School this year.
involved in a refinance. It
The goal is to reach youngsters
might be more profitable for
who may be at risk o f having future
you to hang on to your exist
problem s and introduce them to minor
ing loan.
ity professionals who have become lead
On the other hand, it of
ers in their respective fields, according
ten makes sense to refinance
to Stanley Sykes, a branch service offi
your loan, even though the
cer with First Interstate Bank of Oregon
difference between your old
and a m ember of the OAUB.
and new rates is less than 2%.
"We w ant to expose them to these
This is true if you're planning
leaders
and professionals who have
/ b e (.oiii/ilclc (initieJur
to live in your home for many
made
it
through
their own hard work
more years, or if you now
Financing (im i Refi inn icing
and
hope
the
youngsters
will see them
have a loan with less-than-
in Oregon am i Washington State
as
possible
role
models,"
Sykes ex
perfect features, such as an
plained.
adjustable-rate or a balloon
Once a month, Sykes arranges to
paym ent that requires your
Ih is t 111 k \ l K . i ilin s / / ! » , \l ( UIS
have
a guest speaker talk to students
loan to be paid off early. Then,
about
his or her professional and the
too, if you want cash for a hefty chunk
Refinances have been the hot topic
training
or education it took to reach
o f the equity you've built up in your
o f conversation this year in real estate
that
position.
They also discuss a range
hom e, a refinance even with a narrow
circles. According to talk show host,
o
f
real
life
issues
and allow for a ques
interest spread might be profitable. A
H eather Kibbey, author of How to F i
tion
and
answ
er
time.
loan officer can help you evaluate both
nance a Home in the Pacific N orthwest
Sykes discussed banking with the
the costs and the benefits to see if a refi
(1991, Panoply Press, Inc., $15.95),
children
and started them on a savings
is right for you.
many hom eowners are concerned that
program which will result in double
they've waited too long to make appli
earnings for them. "W hatever they
cation to refinance their existing home
save between now and the end of the
mortgage loan. "Now that interestrates
year we will double for them," he said.
have increased slightly, and many lend
Other speakers have included Keith
ers are refusing to take refinance appli
Jackson, an officer with the U. S. N a
cations, have I missed the boat on a
tional Bank o f O regon, and Rhonda
refinance?" listeners ask frequently.
M assey, an accountant with Deloitte
The answ er to that is " N o - unless
and Touche.
you absolutely need a rock-bottom in
Several field trips also are planned
terest rate to justify the refinance on a
in which the students will visit the east
purely financial basis." For many
Portland branch o f First Interstate and
hom eow ners, a refin an ce, even at
the M ultnomah County District Court.
today's rates, still makes sense. But
how can you determine whether it's a
Should You Refinance
Your Home?
would take part in a mock fair housing
trial with Judge M ichael M arcus, Mult-
nom ahCounty District Court that after
noon.
The conference featured panel dis
cussions and workshops conducted by
experts from government, the housing
industry and nonprofitorganizations. A
few of the workshop topics included
issues involving the Community Rein
vestment Act; local fair housing ordi
nances; fair housing siting and zoning
issues; housing accessibility and the
Americans with Disabilities Act; ten
ant organizing and non-discriminatory
advertising.
Sponsors o f the conference in
cluded the U.S. Department of Housing
and Urban Development (HUD), the
Portland Community Housing Resource
Board, Multnomah County, the City of
Portland, Multi-Family Housing Coun
cil o f Oregon, Security Pacific Bank,
Bank of America, Oregon Association
of Realtors, and the Fair Housing Coun
dent/CEO of the multi-service organi
zatio n , M cFadden w ill d irect the
organization’s wide-ranging social ser
vice programs offered for children,
families and adults and will oversee the
organization’s $3 million annual bud
get.
“I w ill be looking to create effec
tive partnerships with foundations, pro
fessional organizations, and businesses
to enhance the system of services in the
greater Portland Metropolitan area,”
Dad's Oil Service
heating oils
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\ \ hether it's a new family iw m . an Explorer XET. or a week in Cancún, your desires can be
achieved w ith the help of a low-rate, no-set-up-fee home equity line of credit.’ W ilh iL comes the
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Kind out more. Come into West One Bank today, or call 248-6688.
Date: M a y 13,1992
Place: P o rtla n d B u ild in g
1120 S W F ifth A v e ., 11th FI.
Sen trig The Itrsf for 125 tears
M ESTONE
C o m m is s io n m e e tin g s are o p e n to
th e p u b lic . A c o m p le te a g e n d a is
a v a ila b le at PD C . C a ll 823-3200.
BANK
10 N E A in s w o rth St
P o rtla n d . O P 97211
»x* • ». ; w •
«fur.4 »' o>
w
P o rtla n d , O R
T im e : 9:30 a.m .
C a ro ly n M. B row n
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C o m m is s io n M e e tin g
A
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‘.•.♦'.o..*;
H l . KIBBEY
^ L M
a
r A-0-Y
cil o f Oregon.
■IN IHE
PACIFIC NORTHWEST
Heather Kibbey, author of the new
"How to Finance a Home in the
Pacific Northwest"
.
•*
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y ,.
Bankers Group Works
With King Students
FINANCE
A HOME
• < •/ - .»
y
•HOWTO
wise move?
The rule of thumb for evaluating
the prose and cons of refinance has
generally been this: if today's interest
said McFadden.
Tom K elly, Chairman of the Board,
spearheaded the search process. “Gerald
McFadden was chosen because of his
leadership, extensive educational back
ground, and his experience with pro
gram s,” said Kelly, who added that he
was impressed with M cFadden’s “abiti
li
tie s to a p p ly
sound business
c o n c e p ts , h is
e m p h a s is on
quality and ser
vices, and his
m anagem ent
ethic o f involv
ing em ployees
and c lie n ts in
b u siness d e c i
sions.”
M cFadden
h o ld s M asters
degrees in Busi
ness A dm inis
tration and Ur
ban P la n n in g .
He has worked
w ith V O A o f
L o s A n g e le s
since 1982. Pre
viously, he was
the Director o f
R e h a b ilita tio n
and T reatm ent
Services for the People Coordinated
Services of Southern California.
Volunteers o f America is a nation
wide social service organization with
branches in over200 communities. V ol
unteers of A merica Oregon, Inc. serves
homeless women with children, a se
nior center, senior health clinic, adult
day care program , residential facilities
for adult felons, a shelter for homeless
adolescent girls, and a Christmas A ssis
tance Program.
P D C is th e C ity o f P o rtla n d 's u rb a n
•f.im siillvn trw x.ub is« Current U'K ni 8
on lutes(torn t f t l l l l u »2ÜTO b m n r « r » a s a . W * . « h n r ^ r i ^ >
»ill not< m n i l m Snnual fee »aistii for Amt year »f<> per year Ihtw a fcr Pmptny insurance mas
iw w red Member FWC
re n e w a l, h o u s in g a n d e c o n o m ic
tr
d e v e lo p m e n t agency.
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