Page 4..The Portland Observer...July 8, 1992
July Neighborhood Meetings
Please note that these meetings are subject to change.
Our information is as o f June 26,1992.
8 King Neighborhood Association
6:30 pm King Facility 4815 NE 7th
8-Portsmoulh Neighborhood Association Board
7 pm Portsmouth Community School 5103 N Willis
7- Kenton Neighborhood Association Board
7 pm Kenton Firehouse 8105 N Brandon
14 Overlook Neighborhood Association General membership
7 pm IFCC 5340 N Interstate
14- Creston-Kenilworth Neighborhood Association
6:00 pm Kenilworth Park 35th & Holgate
Potluck in the park. Meeting Starts at 7:00 pm
15- Bridlemilc-Robert Gray Neighborhood Association Annual Meeting
7:00 pm Hillsdale Fire Station 1505 SW DeWitt
\genda: Wendy Novick will give a slide presentation on the Regional Rail
System planned; elections.
15-Portland Heights Neighborhood Association
7:00 pm Multnomah Center 7688 SW Capitol Hwy., Conference Room
Agenda: Discussion on Transportation and Bylaws.
15 Woodlawn Neighborhood Association
7:00 pm OddFellows Lodge 700 NE Dckum
15-Sullivan’s Gulch Neighborhood Association
7:30 pm Holladay Park Plaza NE 16lh and Clackamas
15- Parkrose Community Group
7:30 pm Our Savior Lutheran Church 11100 NE Skidmore
15 .Mt. Tabor Neighborhood Association
7:30 pm Western Seminary 5511 SE Hawthorne
16- Goose Hollow Foothills League Board
7:00 pm First United Methodist church 1838 SW Jefferson
16-Hazelwood Community Group
7:30 pm EPDC Office 220 SE 102nd
16-Arbor Lodge Neighborhood Association Board and General
6 pm Peace Luth. Church 2201 N Portland Blvd
16-Sunnyside Neighborhood Association Board
7:30 pm SE Uplift Fireside Room 35th & Main
20- Northwest District Association Board
5:30 pm NW Service Center-Board Room 1819 NW Everett
21- Parkrose Heights Association of Neighbors Board
7:30 pm i'arkrose United Methodist Church 11111 NE Knott
22- South '• esl Neighborhood Information Board
7:00 pm Multnomah Center 7688 SW Capitol Hwy., Room 6
22-King N, ighborhood Association
6:30 pm Kii.g Facility 4815 NE 7lh
22- East Poi iland District Coalition Board
7:30 pm EPDC Office 220 SE 102nd
23- Sylvan/Highlands Neighborhood Association Board
7:00 pm French American School 1849 SW 58th
Agenda: Orientation training for Board of Directors
23-Overlook Neighborhood Association Board
7pm call Neil Patel for location 285-6641
25-Forest Park Neighborhood Association Party
5:30 pm Community Center 3€>0 NW Greenleal Rd.
Join Forest Park neighbors for a Pot-Luck & Square Dance.
25- Ed Benedict Park Benefit Flea Market
8:00 am Ed Benedict Park SE 104th & Powell
Event runs from 8:00 am to 8:00 pm
26- Foster-Powell Neighborhood Association
afternoon ESSEX Park, Annual Picnic
27- Humbolt Neighborhood Association Board 7:30 pm Salvation Army 5335
N Williams
27-University Park Neighborhood Association Board and General
6pm call Laurel Butman for new location 289-0862
30-Picdmont Neighborhood Association
7:00 pm Holy Redeemer School 127 N Portland Blvd
30-HINooN Board Meeting
7 pm N Hayden Bay Drive
Jantzcn Beach Village East Recreation Hall
PGE Hits The Tracks
With Oid Fashioned Ice
Cream Social, Music
And Trolley Rides
Free ice cream and passes for rides
on Portland’s vintage trolley will be
handed out at Pioneer Courthouse
Square Wednesday, July 15 from noon
until 1 p.m. as Portland General Elec­
tric (PGE) commemorates the inaugu­
ral run of its vintage trolley car.
PGE is one o f four companies to
sponsor a vintage trolley car on
Portland’s light rail lines.
Music at the Square will be pro­
vided by Stumptown Jazz and a barber­
shop quartet will entertain riders on the
trolley.
The entire event is free and open to
the public. Free ice cream cones and
trolley passes will be limited to the first
1,000 people.
Housing Authority
Rewards Bank of
America For Affordable
Housing Efforts
Portland Native
Returns To Lead
Communications At
Oregon Food Bank
Portland, July 2,1992 - The Hous­
ing Authority of Portland (HAP) has
awarded its 550 million deposit rela­
tionship to Bank of America Oregon
following an evaluation of local bank’s
record on affordable housing.
Bank of America was selected from
three banks that submitted proposals to
the Housing Authority. While all three
banks were able to serve HAP’s daily
operations, a key factor in the selection
of Bank of America was its demon­
strated comm itment to affordable hous­
ing issues and its willingness to be a
partner in developing with HAP non-
Housing and Urban Development
funded housing, according to Howard
Shapiro, H APcoinmissioner who served
on the bank selection committee.
“As an administrator of public
funds, we believe it is important for us
to deposit those funds with a bank that
is responsive to the needs of the com­
munity,” said Denny West, HAP ex­
ecutive director. “We appreciate Bank
of America’s enthusiasm and willing­
ness in being our partner to the address
the affordable housing needs of Port­
land.”
Under the two-year contract, Bank
of America will provide deposit and
investment services, cash management
and other banking services to HAP.
“We’re excited about the opportu­
nity of building a long-term relation­
ship with HAP and working with them
to address the affordable housing needs
of the community,” said Randy C.
James, chairman and chief executive
officer of Bank of America Oregon,.
Si tiling July 1, Oregon Food Bank
welcomes John Mills as its new com­
munications coordinator. Mills will join
the five-person development team at
the food bank, replacing Kim Thomas,
who is taking a maternity leave for
three months. Thomas will return to
Oregon Food Bank in October as the
hungeragency’sadvocacy/coalition co­
ordinator.
Raised in Portland, Mills is return­
ing to the area with his wife, Patricia
Kubala, after working at a variety of
publications over the past six years. In
addition to reporting and copy editing
for newspapers in the Seattle area, Mills
spent two years living and working in
Bangkok, Thailand. Recently, he wrote
for a Seattle-based national newsletter
on corporate philanthropy.
Oregon Food Bank is a private
nonprofit that has assumed a leadership
role in securing emergency food sup­
plies for roughly 15 percent of Oregon’s
population-nearly half of whom are
children. Through a well-established
network of regional food banks, OFB
provides food for over 600 agencies in
Oregon and Clark County, Washing­
ton. OFB also plays a strong education
and advocacy role in local, state and
national hunger-related issues.
Bank Of America Expands Affordable
Home Loan Program
Bunk of America Oregon has ex­
panded its Neighborhood Advantage
home loan program to open the doors of
homeownership to more lower-and
moderate-income residents throughout
Oregon.
Potential borrowers now arc eli­
gible for the Neighborhood Advantage
program if they’re financing a property
they plan to occupy and if their house­
hold income does not exceed 115 per­
cent of the median income for the county
in which the property is located. For
example, in Clackamas, Multnomah,
and W ashington c o u n ties, the
borrower’s annual household income
cannot exceed 544,850.
The Neighborhood Advantage pro­
gram offers flexible qualifying guide­
lines and other features to help make
homeownership more affordable. The
program previously was available only
to borrowers financing properties in
designated lower-income census tracts.
“Expanding the eligibility require­
ments of our Neighborhood Advantage
home loan program will allow us to
help make homeownership more af­
fordable in every city in Oregon,” said
Randy James, chairman and chief ex­
ecutive officer of Bank of America.
Potential borrowers who make a
down payment of lOpercentcan qualify
for a home loan with up to 30 percent
less income than would normally be
required.
For example, a qualified borrower
with an annual income of approxi­
mately S 19,800could purchase a home
for 568,(XX), pul 10 percent down, and
finance 561,000. To qualify for the
same amount under standard industry
guidelines, a borrower would need an
annual gross income of approximately
528,500 or 58,700 more than with the
Neighborhood Advantage Program.
In addition, the program offers
borrowers the following features:
*The normal cash reserve require­
ment equal to two months worth of
mortgage payments is waived with a 10
percent down payment.
’ Down payments of as little as 5
percent.
♦No m inim um loan am ount;
5202,300 maximum loan amount.
♦A wide selection of loan prod­
ucts, including adjustable-,fixed-rate,
and convertible home loans.
Bank of America Oregon intro­
duced die Neighborhood Advantage
home loan program in late 1991 for
individuals financing homes in census
tracts designated lower-income by fed­
eral housing authorities. This portion
of the program continues to be avail­
able.
For more information on Neigh­
borhood Advantage, contact any Bank
of America or Security Pacific branch
or call Bank of America’s toll-free
Neighborhood Advantage hotline at
275-1240 in the Portland area or toll-
free 1-800-925-3333.
Fabric Depot
A Brand New Store With Over 1V2 Acres o f Fabrics! (73,000 SQUARE FEET)
Most Complete Fabric Store In The West
GIGANTIC
KNIT SALE
1/3 OFF
ALL KNITS
PDC
P0WIASD
lifVmWFVr
COMMISSION
And when Fabric Depot says all knits, it means, Interlocks, Double knits, Velours, Robe
Velour, Panne Velours, Doe Suede, Tricot, Swim Wear, Action Wear, Stretch Wool, Cot­
ton & Poly Ribbing, Childrens Jersey Prints, Sweat Shirt Fleece, Outerwear Fleece, Grand
Flannel Solids & Prints and Bridal Foil Knit.
Commission Meeting
Dale: July 15,1992
Place: Portland Building
1120 SW Fifth Ave , 11th FI
Portland, OR
Time: 9:30 a m.
Commission meetings are open to
the public A complete agenda is
available at PDC Call 823-3200.
PDC is the City of Portland's urban
renewal, housing and economic
development agency.
NEWITEMS
Stretch and Sew Patterns
Guttermann Silk Threads
Complete Assortment of
Supplex - All Colors
Huge Assortment Swim &
Aerobic Fabric
Washable Wool
120 Wide Drapery Sheers
Advertise'
O bserv IR
^ > U N ) < ) N zAVENtJE
GLASSf.CQMPANY^
HOURS:
1-84
* &/
N $7
LORRAINE HLAVINKA
All Types of Auto Plate and Window Glass
/
Storm Doors and Windows
/
4709 NE Martin Luther King, Jr. Blvd
Portland, Oregon 97211
STARK
STREET
03
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CM
CM
★
S \ I 9 dd.im-6 ddpm
DMC Flower Thread and
Pearl Cotton Thread
Imported Duvet Covers
Palmer/Pletsch Sewing
Books & Video Tapes
Stuffed Animal Patterns
by “ Krafdee”
Dan River Quilters Cotton
Prices Good July 8 thru July 21, ’92
RETAIL - WHOLESALE
SI \ Id <><).im-6 tlOpm
Plenty of
“’OOS.E. 122ndAvc.
Portland. OH
FREE PARKING
252-9530
• CARS • BUSES
Phone 249-5886
Woman-Owned
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.
*
PORTLAND OBSERVER
’The Eyes and Ears ol the Community
Office: (503)208-0033
Fax#: (503)288-0015
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