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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (May 26, 1993)
I ♦'W- ■ s - « -I* P age B4 M ay 26, 1993 • T he P ortland O bserver H • O • U • S • I • N ‘ G ATTENTION HOMEOWNERS r —— — — — — — — — n 25 HOMES WANTED •V "T" • A | MAIL COUPON OR CALL ANDERSON BUILDERS & I CONSTRUCTION, INC. I 1» ors (Under Supervision- Fully Guaranteed) Io Install 03780361 J I 3511 N.E. 74th Portland, OR 97213 I (503) 281-1855 NAME NEW 1993 Vinyl Siding I ADDRESS I CITY_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ I I I I Financing k Q.A.C. I ------------------ 1 I PHONE I CCB#526CI3™ ” I ANK RBC135RP WS & Son’s Featuring GRAND OPENING NEW & USED FURNITURE Open 9am to 8pm M -S 10am to 5pm Sunday AT LOW, LOW, LOW PRICES Dressers......................... ........$35.00 & Up Floor Lam ps................... ...................$10.00 Table Lam ps................... .....................$3.00 Two Piece Sofa Sets...... ..... $150.00 & Up Chest D raw ers............... ........$40.00 & Up T V ’s B /W ................................ $20.00 & Up T V ’ s C o lo r.............................. $45.00 & Up All Quality Merchandise And Many Other Items “A Good Place To Start Good Housekeeping ” The Oregon State Home Builders Calling On Oregon Legislature To “Walk The Extra M ile” The Oregon State Home Builders Association has called on the Oregon Legislature to “ walk the extra m ile" to maximize lumber production from state-owned timber lands, and to give Oregonians priority for the purchase o f state-ow ned timber. Oregonians and all Americans wishing to build or remodel are facing a lumber supply shortage each year the rest o f this decade, according to a study just released by the Home B u ild ers Association The study, “ America’ s Lumber Shortage,” concludes there w ill be a 10 to 25 percent shortfall in lumber supply necessary to meet new con struction, repair and remodeling and commercial construction needs. The study examines imports and projected timber harvests from each region o f the United States. Fred VanNatta, Affordable Hous ing Advocate for the Oregon State Home Builders Association, said the national lumber shortage created by the lock-up o f Oregon timber lands w ill hurt oregonians seeking to re model their homes or buy homes. Nationally, it has the potential to drive the economy back in to a recession. The Home Builders Association is requesting the Agriculture Subcom mittee o f the natural Resources Com mittee in the Oregon House o f Repre sentatives to review state timber man agement programs to assure maxi mum sustained yield harvest is being realized. The Home Builders also re quested the committee consider legis lation giving Oregonians priority in purchasing lumber from state-owned trees. VanNatta declared, “ As the lum ber shortage facing this nation grows more acute, Oregon taxpayers who own the trees in the state forest s s hr».’ i a have priority access to the lumber made from those trees.” B '■ 3» ? PDC Okays Rental Rehab Loans, One For Chronically Mentally III Housing Project And One For Eight-Plex In North Portland The Portland Development Com mission (PDC) at its monthly meeting today approved a $286,100 loan to Southeast Mental Health Network, Inc for 32 new permanent livin g units for low-income chronically mentally ill individuals The Commission also ap proved a $204,000 loan to Portland Community Rein vestm ent In itia tives Inc., (PCR1) for the purchase and rehabilitation ofa vacant and der elict eight-plex in North Portland B o th loans w i ll be made th ro u g h P D C ’ s R ental H ou sing Preservation Pro gram (RHP) which preserves and up grades affordable rental housing in theCitv.PDCisthe C ity ’s agency for urban renewal, housing and economic development. The $. 1 m illio n Southeast Mental Health project at S.E. 88th and Lafayette w ill be funded-in addition to PDC’s loan-Through grants: * $90,000 from the Federal Home Loan Board; ♦$225,000 from Oregon Housing and Community Serv ices D e p t; * $50,000 from the Oregon De velopmental Disability Services D iv i sion U S. Bank w ill provide a con struction loan o f $470,000 to be re placed w ith a permanent loan from the Oregon Housing and Community Ser vices Department for $472,000. PDC w ill utilize its RHP program as a conduit for the use o f new federal HOME funds. The National A fford able Housing Act o f 1990 created HOME funds which can be used to construct, acquire and rehabilitate af fordable housing projects targeting low-and very low-income tenants Under HOME guidelines, the loan to Southeast Mental Health requires that the units remain affordable to low- income individu als for 20 years. New guide lines for the RHP program allow f i nancing o f new construction while in the paste only rehabilitation o f existing structures were allowed. The Southeast Mental Health project w ill be the second new c o n s t r u c t io n project funded; the first was the 132- unit Alder House which opened last September. The proposed project w ill consist o f two, two-story, wood frame buildings, w ith 15 stu dios, 16 one-bedroom units, and one two-bedroom unit Each unit w ill con tain a range, refrigerator and modest furnishings Rents are expected to be $193 to $203 per month. Southeast Mental Health Network is an Oregon non-profit corporation founded in 1980 to provide mental health services to chronically men tally ill residents o f Southeast Port land It operates six properties which are filled to capacity. Trained staff w ill live at the fa cility and provide counseling and support to tenants. A needs assessment undertaken by the Multnomah County Housing Affordability Study (CHAS) esti mates the number o f chronically men tally ill homeless at 2,638 to 3, 133. The CHAS has identified the need in NECDC X SUPPORTS FIRST-TIME HOME BUYERS Interested in owning your own home, but aren’t sure you can afford it? The NORTHEAST C O M M U N IT Y D E V E L OPMENT CORPORATION (NECDC) has newly If you are: program rent You may be qualified to purchase a 3 bedroom, refinancing, home purchases and other solid investm ent I f you are loo king fo r a fle x ib le home- diverse neighborhood, you could benefit from our • A tenant paying more than $400 in monthly Because he believes in people, Ben works to help them w ith currently paying in rent? able for purchase at affordable prices. exceed $39,200 annually common betw een his profession and his volunteer activities. your own home for less than what you are ow ners p la n • A wage earner w hose total family income docs not Program and the Cham ber of Com m erce. He sees a lot in Why rent when you may be able to own constructed and completely renovated homes avail • A first-tim e home buyer shares his talents w ith the Central Area Motivational priority. The loan to Portland Community reinvestment Initiatives Inc., (PCRI) is for the purchase and rehabilitation o f a vacant eight-plex at 939 N. Alberta. PCRI is an Oregon non p ro fit pub lic benefit corporation founded in 1991 to acquire about 280 re n ta l re s id e n tia l u n its in North and Northeast Portland as a result o f the bankruptcy o f Dominion Capitol, Inc. PCRl’s goals are to ac quire, own, develop, rehabilitate and lease residential properties for the benefit o f very low, low and moderate income individuals. PDC’ S ability to fund the project is made possible through a Private Lender Participa tion Agreement w ith Bank o f America Oregon. The building contains four one- bedroom apartments and four two- bedroom apartments. Planned im provements include a new roof, plumb ing and electrical repairs, asbestos removal, concrete repairs, site work, window repair or replacement, re placement o f all entry doors, interior and exterior repairs, capping a chim ney, painting, new carpet and vinyl, and installation o f new appliances. Rents at the building are expected to be $360 for one-bedroom units and $445 for two-bedroom units. In other business today, the Com mission also approved two additional loans to PCRI: In other business today, the Com mission also approved two additional loans to PRCI: ♦ $61,600 for the rehabilitation o f a duplex at 632 N. Webster. The du plex contai ns tw o, two-bedroom units. ♦ $39,800 for the rehabilitation o f a three bedroom single fam ily dwell ing at 5036 NM.N. 23rd. For more infirm atio n, contact Harry Lenhart, PDC, 823-3296 $858^ PORTLAND OBSERVER ‘ The Eyes end Ears c l Iho Community' O llice: (503)200-0033 Fax«: (503)200-0015 After a full day of helping customers, M anager Ben Turk M ultnom ah County for affordable housing for this population as a high and a ffo rd a b le q u a lity in a Bad credit stopping you? Through the Nehemiah Housing Opportunity Program, NECDC has been able to help individuals w ith past credit problems and even bankruptcy purchase their own homes So, don't give up your hope o f home ownership until you’ve tried all avenues. 1 1/2 bath home featuring a fully equipped kitchen, Stop dreaming and start living in a house o f your washer , dryer, security system, and a fully land own Just call the Northeast Community Develop scaped lawn fora firs, mortgage amount o f $60,000 ment Corporation at 282-5482 and ask for more You may also be qualified for a 30-ycar fixed rate information on the Nehemiah firs,-tim e home buy mortgage at 6 5% interest and up to $3,000 in down ers program and how wc can help you afford the payment assistance grants house o f your dreams opportunities. Put that kind of com m itm ent to work for you; call Ben at (206) 461-3075. T h a t ’s D i f f e r e n t . T h a t 's W a s h in g t o n M u t u a l. NECDC NORTHEAST CO M M UNITY DEVELOPM ENT CORPORATION FDIC Insured An Equal Housing Lender f£) 4114 N V A N C O U V E R A V E N U E • P O R T LA N D O R E G O N 9 7 2 1 7 • 503 282 5482 • FAX 50 3 282 9152 )