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J uly 10, 1996 • Tut: P ortland O hsi rvi r
P age A6
(Elje
f o r i l a nò
(Dbseruer
Sabin CDC Celebrastes Fundraising Match Success!!
O n Saturday, July 13th at R o sly n 's
G arden and C offee S h o p (1438 NF.
A l .b e r t a ) ,
S a b in
C o m m u n ity
D l.ev elo p m en l C orporation will c e l­
p roject low -incom e h o m eo w n ersh ip
p ro g ram is being d ev elo p ed in the
sabin, V ernon, and C o n co rd ia n eig h ­
b o rh o o d s o f inner N o rth east Portland.
ebrate its success in raising $26,562 to
obtain one to one m atch funds from the
T h is program w as d esig n ed in c o o p ­
H e in / N eigh b o rh o o d R evitalization
Program . M ario D epriest will play
ja z z at htis ipen air gaard en party
fundraiser and celebration. Fov ov er a
year. S C D C and m em bers o f the co m ­
m unity w orked hard toraise this m oney
li ir this innovative lim ited-equity, lease
purchase program . T h is program o f­
fers the opportunity for hom eow neship
to low -incom e fam ilies below 60% o f
m edian fam ily incom e. T he funds are
be i ng raised to " b u y dow n" the costs o f
the hom es so that they are affordable
for low -incom e fam ilies. A four bed­
room house is slated to cost less than
$65, (XX).
S ab in C D C isd ev elo p in g ten single­
fam ily hom es-ineluding live new co n ­
struction 4 bedroom units. T h is pilot
eratio n w ith V ernon N eighborhood
A ction G ro u p .w h ieh also helped to
edentify and acquire the First tw o hom es
for S C D C to regab.
L ow -incom e fam ilies w ho m ight
have trouble qualify in g for traditional
m o rtg ag es will have a portion o f their
rent set-asid e to be used d irectly for
loan assu m p tio n and clo sin g costs.
T he fam ily will be assisted in q u alify ­
ing to assu m e Sabin C D C s low interest
ened as a result o f rapid increasing in
housingcosls and the dem and lorafforahle
housing is high. The com m unity will also
benefit by the upgrading o f housing stock
h o m eo w n ersh ip classes, personal fi-
and the creation o f long-term affordable
tio n er, yo u g et a sy stem th at b asically
8 0 0 -P G E -C O O L )
w arm in the w in te r,” he says.
h e lp
y o u c a n 't use o v e r h a lf o f the year.
B ut a h eat p u m p is an a ir co n d itio n e r
th at w ill p ro v id e c o o lin g in the su m ­
m er an d k eep y o u r h o m e co zy and
hot
option. B ut there are m an y o th er
c o st-effectiv e so lu tio n s o u t th e re ,"
P G F p ro g ram sp ecialist D ale G a rc ia
says.
To find the right solution for y o u r
hom e. G arcia suggests looking at what
happens to yo u r hom e on a hot day.
“If ju st the upstairs is hot, then an
current heating system can significantly
im prove both co m fo rt and the heating
sy s te m 's efficiency.
H o m eo w n ers also should question
installers w ho say they need to replace
an existing electric w ater heater w ith a
gas one to m ake room on the circuit
b reak er o f fuse box for a new air
co n d itio n er o r heat pum p.
"F irst, it m ay not be necessary to
sw itch, in w hich case y o u 'll be paying
attic fan o r extra insulation m ay be
your answ er. If only the front portion
o f your house is w arm , then a room air
conditioner o r room heat p u m p m ay he
the best solution. Sim ply planting a
a lot o f m oney you d o n 't need to. A nd,
d ep en d in g upon yo u r fam ily ’s size and
hot w ater usage, an electric w aterheater
m ay be m ore co st-efficient in the long
shade tree o r adding w indow co v er­
ings also can m ake a d ifferen ce,” he
G arcia recom m ends getting the facts
about a heat pum p, w hich can be added
to y o u r e x is tin g h e a tin g s y s te m ,
w hether it is gas. oil, electric furnace o r
baseboard.
“ If yo u buy o n ly an air co n d i-
ru n ," G arcia says.
T o get the facts ab o u t various hom e
co o lin g options, call P G E 's energy
ex p erts toll free. I-8 8 8 -P G E C O O L ,
M o n d ay - F riday, 8 a.m .-8 p.m . o r
S atu rd ay . 8 a.m . - 4 p.m . In addition to
h elping identify individual cooling so ­
lutions for d ifferen t hom es and b u d ­
gets, P G E ’s en erg y ex p erts also can
reco m m en d certified installers.
LISCENSED IN OREGON SINCE 1975
Buying A House?
We Offer
Free Prequalification
Purchases/Reflnances/2nds
Conventional/FHA/VA Loans
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6352 NE Mallory
$155,900
If y o u h a v e c o n sid e r e d a h om e in th e P ied m o n t n e ig h b o r h o o d , th is is
th e o n e to b u y . It is ro o m y , c o m fo r ta b le , c a red fo r, on a tree lined
street n ea r fre e w a y e n tr a n e e /e x it and c lo se to M I.K B lvd.
You Get:
•
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Fantastic Location
Over 2300 Sq. Ft. of Living Space
Living, Dining, and Family Rooms
3 Bedrooms
1.5 Baths
3 Levels
Enclosed Yard
Call: George Hendrix
Nice Deck
Storm Windows
Insulation
Gas Heat
503-230-1390
A-Zebra Realty Inc.
3 0 0 N E M u ltn o m a h , S u ite 27
P o r tla n d , O r e g o n 9 7 2 3 2
In fo rm atio n h erein d ee m e d re lia b le , but n o t g u aran teed .
roc
Date: July 17,1996
Place: PDC
1120 SW 5th Ave., Suite 1100
Commission Conf. Room
Portland, Oregon
Time: 9:00 a.m.
Northwest Color
Construction & Painting Company
John McVeety 282-9233
□ Storm Windows &
Doors Installed
□ Interior & Exterior
Painting
□ Pressure Washing
□ FREE Written estimates
□ Quality Home
Remodeling
□ No Projeet Too Small
□ Finish Carpentry &
Woodworking
□ Senior Discounts
Warm your home now with an
efficient gas furnace from Rheem
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t f it works like a dream
it works like a Rheem. ” ™
Call today for free consultation.
License # CCB-81322
B o n d e d & In s u re d
J"’ iW 7
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3732 N. Michigan
J
It s Time To Buy Your Dream Home
Let Host Help Now
1,350 sq.ft.
3-Bedrooms
1-1/2 Baths
FEATURES
Formal Dining Room
Pantry
W asher/Dryer Hook-ups
Dishwasher
j
T e n -Y e a r T ax A b atem en t
O f f S treet P ark in g
50' x 10 0 ' Lot
For Additional Information- Please Call!!
ALSO A VAILABLE
HOST Development, Inc.
331-1752
l»»O«TUaiTV
T his A ffordable H ome S ponsored B y
A G enerous G rant F rom A M E R IT E L
A m er ic as L argest A lte r n a tiv e P hone C ompany
The construction financing for this affordable home provided by Bank o f California
Price subject to change without notice.
Maybe we can’t make Northeast Portland a
perfect place to live. But w e’re making
hundreds of improvements.
PDC is the C ity of Portland's urban
renewal, housing and economic
development agency,
Dad's
Friends of Trees'
Service
Speedy Service
Friendly
Call For Quote
TG AG EÖ N E
The Largest Mortgage Broker In Oregon
and Southwest Washington
CALL MARK AT
1 -800-746-4184
3496.
Commission meetings are open to
the public. A complete agenda is
available at PDC or by calling
823-3200. Citizens w ith disabilities
may call 823-3232 or TDD 823-6868
for assistance at least 48 hours in
advance.
(503) 230-1390 • (Res.) 287-6837
Thinking of
I
From 1 to 3 PM
COMMISSION MEETING
Realty Inc.
H O U SE
FOR SALE
COMMISSION
300 NE Multnomah, Suite #27
Portland, Oregon 97232
Mark Tomlin
O PEN
A-ZEBRA
Ö
income and special needs families.
F or m ore inform ation on th isev en t
c o n ta c t M a rjo rie P h illip s at 287-
as a m ean s to p ro v id e c h ild c a re , and d o o r prizes. F or m o re in fo rm atio n ,
DEVELOPMENT
bmls
needs housing program for African -
American women transitu wing back into
the commuinity from substance abuse
recovery, and is working on this limited-
equity, lease purchase program that will
c o n ta c t C h e ry l R o b erts, H o u sin g F air C o o rd in a to r, at 2 8 2 -7 7 4 4 .
“1st Class Guarantee"
□
George A. Hendrix
MBA. GRI. Broker
I he P o rtla n d I lo u s in g C e n te r in p a rtn e rsh ip w ith the F annie M ae F o u n d a ­
tio n , is e x c ite d to h o st the a n n u al H om e B u y in g F air on July 2 0 th at St.
S tep h en S ch o o l in S E P o rtlan d T h is is an e x c e lle n t o p p o rtu n ity fo r low -
to m o d e ra te in co m e ren te rs w ho are interested in b u y in g a h om e, to talk to
L en d ers. N o n -p ro fit H o u sin g D ev elo p ers, and R ealto rs. T h is y e a r w e w ill
o ffe r m in i-w o rk s h o p s a ro u n d h o m e buying, a “C h ild re n ’s A ctiv ity C o rn e r”
POfrttANb
S in g le s & S e n io r s , I c a n h elp y ou !
and m oderate-income residents, ;tnd by
encouraging ci immunity partnerships fur
provide hi Rue i iwnershipalli wJahle hi rjs
ing for families below 50% MET and has
66 other units in various stages of devel­
opment. SCDC tends to target vwacant,
abandoned, or derelict hi Rises ti i rem m vale
li ir long-term affi iidahle hi Rising for low -
local exonomic development and self
help projects.
O ur initial priority is to stem the dis­
placement o f low-income and minority
families due to pressures from soaring
NEIGHBORHOOD HOUSING FAIR
G arcia reco m m en d s having a certi­
fied H V A C installer show a side-by
side co st co m p ariso n . A com parison
typically will reveal that an air co n d i­
tio n er is slightly ch eap er initially, but
that a heat p u m p w orking with a hi im e ’ s
h o m eo w n ers find the best co o lin g
option for th eir hom e.
"A lot o f tim es p eo p le ju m p to
co n clu sio n s and th in k a fan o r air
c o n d itio n er is the only a ffo rd ab le
says.
Bui a w ide range o f solution also
com es with a wide range o f p rice tags.
Before sinking $2,000 or m ore into a
central air conditioning system , P G E ’s
In addition t the security and pride that
com e with owning their own homes,
participating low-income families will
benefit from tex savings and will have
ho m eo w n ersh ip know ing taht they will
not be p riced out o f the m arket as the
sales price is set at the outset. T he
f a m ily w ill b e p r o v id e d w ith
W hen it co m es to c o o lin g y o u r
hom e this su m m er, one size d o e s n ’t
fit all, say the en erg y ex p erts at P o rt­
land G en eral E lectric (P G E ). P G F
has estab lish ed a to ll-free h o tlin e (1 -
lion properties from O regon Housing
Trust Fund and the Heinz Neigborhoods
Re vita] izatu in pri igram. This latter si luree
requires a one-to-one match in order to
access the $26.562 com m itted seed eq­
uity funds. The match funds were raised
through grassrixiLs efforts at Christmas
tree recycling, wreath sales, greeting card
sales, m em bers donation and Walk for
Humanity pledges. In addition, substan­
tial contributions were made by the fol­
low inghusincssesand foundatii his : W ash­
ington Mutual. US Bank, First Interstate
Bank, Emanuel Hospital, and Swigert
Foundation.
Sabin C D C 's mission is to stabilize
and improve the lilvability o f this cultur­
ally diverse nieghborhood o f inner NF
Portland by assuring the availability of
long-term, affordable housing forits low-
re tu rn o n th e i r in v e s tm e n t, but
p rrovides a cap so that it will rem ain
affo rd ab le to o lth e r lo w -in com e fam i­
lies in future sales.
five years. D uring the interim tim e, the
fam ily can w ork on their credit history
and rp ep are for the respo n sib ilities o f
Only W ay To Cool Your I loine
hi Rising for low-income families.
Last year Sabin C D C obtained seed
euity monies for finir o f the newconstruc
w hich allow s the h o m eo w n er a fair
housing costs below market rents. In­
creased hom eow nsership opportunities
will improve the stability o f our diverse
low-income comm unity. In recent yesrs,
the diversity o f this area has been threat­
loan on the property w ithin three to
The Air Conditioner Is Nol The
to
nance counseling and self-help peer
su p p p o rt thorugh a p artn ership with
the P ortland H ousing C en ter and their
n ew H o m e b u y in g c lu b Ip ro g ram .
L o ng-term affordability will be pre­
served through a rresale restriction
heating oils
.
Í
Best Cash Prices
104 NE Russel
Portland. OR 97212
282-5111
SeahheFituir
m R rtlm il (I n r a l U r, t r i
Portland General Electric’s Employees Seed the Future.
“Seed the Future” is a five year partnership with Friends of Trees to
plant 144,000 trees and seedlings around Portland. Those trees will help
beautify neighborhoods and purify our air. At PGE, we think a power
company can do more than make a profit. It can make a difference.
Portland General Electric