Portland observer. (Portland, Or.) 1970-current, March 29, 2006, Page 5, Image 5

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    il!l IJn rtlan b (îDbsrruer
March 29. 2006
Page A5
H ousing
t=j
Buy a bucket
Buy a bin
Save a bundle
5?
Portland advocates for affordable housing make demands on local political leaders. The downtown
rally was held last summer.
Campaign for Affordable Housing
Questioning
benefits from
urban renewal
by S arah B lount
T he P ortland O bserver
The P ortland D evelopm ent
C o m m issio n 's urban renew al
projects, like the new South W ater­
front, enhance Portland’s image,
but living in an urban renewal area
isn 't an option for many low-in­
come adults, seniors and people
with disabilities.
Housing advocates at Afford­
able Housing Now believe PDC
urban renewal projects are out of
touch with the city’s priorities to
create affordable renting, end
h o m e le ssn e ss and clo se the
homeowner’s gap.
“We don’t need public money
for high-end condos for doctors,”
said Michael Anderson, a member
of the group. “We need housing for
nurses, coffee baristas and people
not earning top dollars."
According to Affordable Hous­
ing Now, approximately 13 to 15
percent of urban renewal funds over
recent years fall in line with the
city’s affordable housing goals; the
group suggests 30 percent go to­
ward those goals, with an emphasis
on residents who earn 80 percent or
below the median family income.
The advocates stressed that with
a city budget shortfall of $6.4 mil­
lion and crucial housing problems
for low-income residents, public
m oney fo r high-end housing
doesn’t make sense.
In addition, the federal govern­
ment has made cuts in local hous­
ing programs, and $6.6 million is
needed just to break even for the
city’s housing budget, the advo-
catesclaim.
Affordable Housing Now has
pushed through a housing invest­
ment fund, with a plan for the city to
match its $30 million commitment.
So far, the group has secured $ 13
million from the city’s general fund
and is hoping for the remaining $ 17
million in the next four years.
The group is also working with
another advocacy organization
Stand For Children, to come up with
a joint proposal that would find
needed funding for schools and
housing. Affordable Housing Now
said it recognizes the link between
a child’s stable home life and their
ability to excel in school. They are
working with Stand for Children to
secure funding for the housing and
schools budget this year.
“When kids move around a lot
their grades suffer," Anderson said.
“Studies show when a student
moves three or more times during
elementary, they fall over a year
behind in reading scores. In eighth
grade, they’re four times more likely
to drop out of school."
A nderson said the city c o u n ­
cil is w eighing tough decisions
on many priorities that need city
fu n d in g .
“We hope that council’s sup­
port of housing as a core commu­
nity need will guide them as they
make their decisions on the hous­
ing investment fund and urban re­
newal form."
Metro recycled latex paint
Earth Machine compost bins
• Available in 16 colors
• Now available year-round for $35
• 5-gallon pails: $25-$39
• 80-gallon capacity
• 1-gallon cans: $8-$ 10
Where can you buy a bucket or a bin?
• Use on exterior and interiors
MetroPaint Store
• Used by over 35,000 satisfied customers
4825 N. Basin Avenue, Portland
Open
8 am . to 4 p.m. Monday through Friday
7 a m. to 4 p.m. Saturday
Easy off/on I-5 to Swan Island
M ETRO
Keep Nature in Neighborhoods
Call (503) 234-3000
w w w .m etro -reg io n .o rg /p a in t
Advertise with diversity in
<ri!‘'IJo rtlan h (©bsertter
Call 503-288-0033 ads@portlandobserver.com
Some banks’ home equity rates
so high, only dogs can hear them,
Competitive rates. Part of our Five Star Service.
u
ItH
4
J*-
i
»« WfM
kun
IS
An artist's drawing o f the skyscraper condos coming to
Portland's new South Waterfront District. Advocates for low-
income and senior adults say they won't create affordable living.
P r o j e c t
H
o p e
223 NE Russell St
Portland, Oregon
HURRY
LIMITED
TIME
OFFER!
(503)287-4914
Open M -F9-5 pm • Saturdays 10-5 pm
FURNITURE SALE
50% -70%
All The Time
Help Support The Youth
This is the perfect time to
refinance, with no closing
costs, points, or fees.
To get the service and the rate
St. Andrew Nativity School
A Jesuit Middle School
4925 NE 9th Ave Portland, OR 97211
Phone: 503-335-9600 Fax: 503-335-9494
you deserve from your bank
Call 888-444-BANK (2265) ext. 4100
10-Year Fixed Rate
How many stars does
y o u r bank have?
Go online to usbank.com
Visit your local U.S. Bank Branch
[TCbank
We are accepting applications for the
6th grade for the Fall of 2006.
Deadline for applications: April 7, 2006
Please pick up an application at the school office
Monday through Friday, 7:30 am until 4:00 pm.
6.49
Five Star Service Guaranteed
usbank.com
•6 49% fixed APR » available for terms up to 10 »eats on home equity loans with any new or existing U S Bank checking account with ACH and a loan toxalue (LTV) of 80% or lass Highe, rates apply lot
higher loan-to-values and terms Minimum loan amount or increase of $10.000 is required Installment loan payment example on a $20.000 loan for 10 years (120) payments at 6 49% APR monthly
payments would he $226.99 Otter is suhtect Io nnimal credit approval Property insurance is required Interest on amounts exceeding 100% ot the available equity is not tax deductible Consult your tax
advisor regarding the deductibility ot interest Rate suh)act to change Some restrictions may apply Home equity loans and lines ot credit are ottered through U S Bank Rahnnai Association NO
FuIC