H ome O wnership M onth Æ'"Fortiani» (Observer
lune 14. 2006
P r e s e r v in g H o m e
M y E x p e r ie n c e D riv in g W h ile B la ck
erties. and one ju s t happened to be
h a ve
M u ltn o m a h
m u n ity . T he o ffic e r's b e h a vio r was
in the c o m m u n ity, o r that I have
C o un ty C o m m u n ity C orrections fo r
d isre sp e ctfu l and o b v io u s ly p re ju
eve ry m om ent o f nty day and
volunteered ove r 1,000hours at both
close to 10 years, w o rk in g w ith the
diced. I do not appreciate being
n ig h t. E v e ry th in g about this was
the A m erican Red Cross and the
same clie n te le as she does W h ile
ca lle d a crack head, nor be in g ac
w e s till have a lo n g w a y to go.
h u m ilia tin g . T he saddest thin g
com m u nity garden, operated by Rev.
w o rk in g . I ant put in a p o s itio n a l
cused o f b u y in g the services o f a
L a t in o a n d A f r ic a n - A m e r ic a n
about this w h o le scenario is that
Jeanie W a lk e r o r that 1 fe llo w s h ip at
m ost d a ily w here I have to c o n fro n t
p ro s titu te .
h o m e o w n e rsh ip rates s till lag 40
it c o u ld have been avoided. Had
the M a llo ry Baptist Church, all lo
clie n ts about th e ir
a n tis o c ia l be
The o ffic e r should be co n fro n te d
percent b e hind the state's average
the o ffic e r approached me p ro
cated in the neighborhood. But I
haviors. T h is m ay in clu d e having
about her b e h a vio r and d is c ip lin e d
O w n e r s h ip G a in s
Latest proposal
may hurt effort
Page A5
H ector R. A riceaga
co n tin u ed
fr o m A 4
w o rk e d
fo r
rate o f hom e o w n e r
fe s s io n a lly and at least listened
really believe that it w o u ld n 't have
to defend the actions o f o u r p o lice
ap p ro p ria te ly. I have been sick ove r
A s an o ffic ia l in an O r-
e g o rf-b a s e d
m o r tg a g e
ship.
to w h at I had to say, w e w o u ld
made a difference. She had already
o ffice rs. 1 am not so sure I can easily
this incident. I am a citize n w h o is an
have had m uch m ore p ro du ctive
made up her m in d about me before I
do that anym ore.
asset to his c o m m u n ity and I have
com p an y and past board
a s ig n ific a n t part o f the
and p o s itiv e co n fro n ta tio n .
was pulle d over.
m e m b e r o f the F e d e ra l
A m e ric a n d re a m . It
W hen the o ffic e r asked me what
H o m e Loan B an k. I have
helps b u ild personal
seen w h at ho m e o w n e rsh ip
w ealth, safe c o m m u n i
m eans
ties and good schools.
by
to
H om e o w n e rsh ip is
f ir s t - t i m e
hom ebuyers. F o r m an y, it
H o m e o w n e rsh ip also
is the c u lm in a tio n o f years
strengthens o u r local,
o f hard w o rk and savings
s ta te
and
econom ies. R ig h t no w , there are
a shiny new key to th e ir o w n fro n t
thousands o f m in o rity fa m ilie s w h o
do or. Since June is H o m e O w n e r
dream o f b u y in g a place they can
ship M o n th , we sho uld a ll take a
c a ll hom e. B ut i f Congress im poses
m om ent to appreciate w h at makes
harsh re g u la to ry re strictio n s on the
these special m om ents possible.
GSEs, it w ill place yet another hurdle
In
1970, C o n g re ss ch a rte re d
E n te r
M a e , to
h e lp
60 year-old A frica n -A m e rica n male,
being. M y exp ectatio n is that this
I was do in g in the area I could have
that c o u ld possess this o ffic e r to
d riv in g a new F ord p ic k -u p , w h o
m atter is a ctu a lly dealt w ith and not
added that 1 ow ned several prop-
make accusations that she d id . I
happened to be d riv in g in his c o m
s im p ly sw ept under a rug.
Ingredients fo r life.
ship.
N o one disagrees that s ig n ifi
expand
c a n t a c c o u n tin g and o v e rs ig h t
h o m e o w n e rs h ip by e s ta b lis h in g
problem s have made reform o f GSEs
hom e fin a n cin g program s that make
necessary. B ut, o u r elected leaders
it possible fo r w o rk in g class and
in C ongress m ust be ve ry care fu l
m in o rity fa m ilie s to a ffo rd to pur-
not to th ro w the baby out w ith the
SAFEWAY O
1
Great ■ ■ ¿
grilling
Introducing...
a lo n g th e ir path to hom e o w n e r
prises (G S E s), F redd ie M ac and
F a n n ie
the rig h t to be treated lik e a hum an
I can th in k o f no thin g about me
n a tio n a l
that results in the p ro u d m om e nt o f
G o v e rn m e n t-S p o n s o re d
I am a pro fe ssio nal, taxp a yin g ,
Everything you need for
Delicious Outdoor Cooking.
0
at SAFEWAY
It's Great Grilling on Father's Day.
Latino and African-American
home ownership rates still lag 40
percent behind the state's average
rate of home ownership.
X
chase a hom e.
ba thw ater. It is tim e to pass a sen
GSEs have exceeded e ve ryo n e ’ s
sib le re fo rm package that estab
expectations. B y p ro v id in g a sec
lishes a strong re g u la to r to oversee
o n da ry m arket in hom e m ortgages,
G SEs to ensure th e ir fin a n c ia l ac
GSEs have pro m o te d a c o m p e titiv e
tiv itie s are safe and sound.
m ortgage m arketplace that has kept
in te r e s t
ra te s
lo w
fo r
C apping Freddie M ac and Fannie
a ll
M a e 's investm ent p o rtfo lio by hun
hom ebuyers. T h e y have also been
dreds o f b illio n s o f d o lla rs is a bad
in s tru m e n ta l in e s ta b lis h in g the
idea. T h is w ill o n ly severely lim it
G reat A m erican M ortga ge— the 30-
th e ir a b ility to c o n tin u e p ro v id in g
year fix e d rate w ith lo w p re -p a y
hom e o w n e rs h ip o p p o rtu n itie s to
m e n t penalties.
those w h o need it m ost.
T o d a y, the U.S.
ho m e o w n e rsh ip rate has reached
W e m ust re m in d C ongress that
an unprecedented le ve l o f 70 per
g o v e r n m e n t- s p o n s o r e d
cent
p rise s have h e lp ed m illio n s o f
T h a t is la rg e ly due to the
strength and f le x ib ilit y o f GSEs.
e n te r
A m e rica n s a ffo rd th e ir o w n hom e.
H o m eow nership rates fo r m in o ri
B ut, there are s till m illio n s o f oth er
ties have also increased. H a lf o f a ll
fa m ilie s — e sp e cia lly m in o ritie s —
th e
w h o need a ffo rd a b le hom e fin a n c
m o r tg a g e s
p u rc h a s e d
by
F reddie M a c n o w support housing
in g pro gra m s to rea lize th e ir dream
fo r
o f b e co m in g hom eow ners.
lo w - t o - m o d e r a te
in c o m e
fa m ilie s . T h is has c o n trib u te d co n
sid e ra b ly to the rise in m in o rity
ho m e o w n e rsh ip in the last three
decades. Here in O rego n, ho w e ver.
Hector Ariceaga is vice presi
dent o f business and technology
development at the First American
Title Insurance Co. o f Oregon.
Cycling Center Offers
Housing Benefit
E m ploye es and volun te ers w ith
appraisals and escro w fees; free
the C o m m u n ity C y c lin g C e nter on
p re - a p p r o v a ls ; and h o m e o w n
N o rth ea st A lb e rta S treet and in
e rsh ip sem inars.
V a n co u ve r can o b ta in hom e loans
The C o m m u n ity C y c lin g Center
thanks to a new p a rtn ersh ip be
was fou nde d in 1994 to b u ild s k ills
re cre a tio n a l and ed u ca tio n a l b i
ONE
GALLON
The H o m etow n H om e Loan Pro
c y c le pro gra m s and services. The
Dairy Glen Milk
gram helps people purchase hom es
C o m m u n ity C y c lin g C e nter is the
in the c o m m u n itie s in w h ic h they
largest n o n p ro fit o rg a n iza tio n in
w o rk and volun te er.
the c o u n try that uses the b ic y c le as
tw een the c y c lin g center, P ortland
and fo ste r the personal g ro w th o f
H o u sin g C e nter and H om eS treet
yo u th throu gh co m m u n ity-o rie n te d
Bank.
The pro gra m o ffe rs a range o f
b e ne fits to p o te n tia l hom eow ners,
18-Pack Budweiser.
Miller or Coors
Whole. 2%, 1 * . or Fat Free
Clue PRICE
to you th.
T h e C e nter also o ffe rs fu lly - o u t
the loan o rig in a tio n fee; discounted
fitte d c o m m u te r bicycle s to lo w -
c lo s in g costs fo r hom e inspections.
in co m e adults.
13 to 21-oz
Selected varieties.
Club Price: S2 50 ea
12-oz. cans
Selected varieties
Plus deposit in Oregon.
a t(x il fo r teaching po sitive life skills
in c lu d in g a 50 percent re d u ctio n on
Post Cereal
Limit 1 with coupon
md ( j,b f
Anri minimum
>10 purchase
Cl’r ^Jorthutb (Observer Established 1970
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COUPON
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M ilk
One gallon
Whole 2%, 1%,
or Fat Free
CLUB PRICE
Nabisco M ix N ’
Match Sale
Safeway SELECT
Refreshe W ater
10 to 18-oz
Selected varieties
Club Price $2 00 ea
24-pac.k. 0.5 liter
bottles
SAVE up to S3 00
SAVE op lo U N M 2
6"
WITH COUPON
ANO CLUI CARO
«9 5» M M
26-oz Fully Cooked
Available in the Deli
SAVE up to S3 00 N .
Cl US PRICE
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■ 1 cnM
Signature
Smokehouse
Red Ribs
99
M a HF
w m * W « «MP
■w-» W
N VO »W
W
R «W »>
«BWHWS’MlïtV»«
KiA* AHtqpp ’ M u A ►«« '.«w into 'We
Utin
■» RH* • M
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Signature
StLouB-
Smokehouse Reds
«Hi IM « •. R» *
SalnttkiifeM
, |W Hr» « «AB f « « s «•«
« M IÏP i«
000000088787
imi
JRT « N M » S » « Jt> * ■ »
Northern Bath
Tissue Or Brawny
Paper Towels
Oven Joy Bread
2 2 5 -«
Club Price 50» ea
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000000140164
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