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 USPS 959-680 _________________________________ 4747 NE Martin Luther King. Jr. Blvd., Portland, OR 97211 SAFEWAY % The Portland Observer -Oregon's Oldest Multicultural Publication--is a member o f the National Newspaper Association-Founded in 1885. and The National Advertising Representative Amalgamated Publishers. Inc. New York. NY. and The West Coast Black Publishers Association P ostmaster : v’h“ 1 W EEK O NLY! June 14-20 Charles H. Washington E iuto r M ic h a e l L eig h to n D is t r ib u t io n M anager : M ark W ashington C reative D ir e c to r : P aul N e u fe ld t O ff ic e M anager : K athy L in d e r R eporter : Sarah Blount E ditor - in -C h ie f , P uhi . isher : The Portland Observer welcomes freelance submissions Manuscripts and photographs should be clearly labeled and w ill he returned if accompanied by a self addressed envelope A ll created design display ads become the sole property o f the newspaper and cannol be used in other publications or personal usage without the written consent o f the general manager, unless the client has purchased the composition o f such ad. © 1996 THF. PORTLANDOBSERVER A L L RIGHTS RESERVED, REPRODUCTION IN W HOLE OR IN PART W ITH O U T PERMISSION IS PROHIBITED COUPON D a iry G len 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 SAFEWAY ■ 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 s 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 Selected varieties Club Price $6 00 ea CIUP PRICE SAVE up to S3 91 on 2 000000140164 White or Wheal. 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