BUSINESS & AG LIFE B2 — THE OBSERVER & BAKER CITY HERALD FIRES THURSDAY, JANUARY 20, 2022 SUMMIT Continued from Page B1 And there’s no signs of a let-up in conditions that keep the risk of wildfi res extremely high. A long- term “megadrought” is gripping the region and scientists forecast temperatures will keep rising as more climate- changing carbon emissions are pumped into the atmosphere. The impact stretches far beyond the western U.S. because massive smoke plumes at the height of wildfi re season in the U.S. and Canada spread the health eff ects across North America — sending unhealthy pollution last summer to major cities from San Francisco to Phil- adelphia and Toronto. For decades the primary approach to containing and extinguishing forest fi res was to try to stamp them out. The eff orts have been similar to massive, military-like campaigns, including planes, fl eets of heavy equipment and thou- sands of fi refi ghting per- sonnel and support workers dispatched to the fi re zones. However, fi res are a part of the natural cycle for most forests, so putting them out leaves stands of trees that don’t burn surrounded by dead wood, underbrush and other highly fl ammable fuels — a worst-case sce- nario when blazes ignite. TEMPS Continued from Page B1 Rainfall closer to normal in west, dry in east Willamette Valley cities Portland and Salem were right about normal in terms of rainfall. Portland recorded 35.59 inches, compared to a normal of 36.88, while Salem got 40.82 inches, slightly above its normal of 39.92. Matt Gush/Shutterstock Agriculture Secretary Tom Vilsack said Tuesday, Jan. 18, 2022, the U.S. Forest Service will thin more forests and use controlled burns across the West as a means of reducing the threat of wildfi re. Critics have said U.S. agencies are too fi xated on fi ghting fi res and that trying to solve the problem by cut- ting more trees will only harm the forests. In South Dakota’s Black Hills, for example, government biol- ogists have said that too many trees dying from a combination of insects, fi re and logging have made cur- rent timber harvest levels unsustainable. But Vilsack said a com- bination of tree thinning and intentionally set fi res to clear undergrowth that are called prescribed burns will make the forests healthier in the long run while reducing the threat to public safety. Forests thinned near Lake Tahoe and its tourism gateway community of South Lake Tahoe were credited with slowing the advance of the massive Caldor Fire last summer that destroyed almost 800 homes and prompted evac- uations of tens of thousands of residents and tourists. A similar phenom- enon played out during Oregon’s Bootleg fi re last July, which burned more than 600 square miles but did less damage in forest that was thinned over the past decade. “We know this works,” Vilsack said. “It’s removing some of the timber, in a very scientifi c and thoughtful way, so that at the end of the day fi res don’t continue to hop from treetop to treetop, but eventually come to ground where we can put them out.” Eugene was drier with 36.10 inches for the year compared to a normal of 43.92. On the Coast, Astoria recorded 77.02 inches of precipitation, well above its average of 69 inches. East of the Cas- cades, Pendleton (9.39 inches) and Bend (6.90 inches) both fi nished with their 10th driest years on record. Medford recorded 16.14 inches of rain, com- pared to a normal of 18.48 inches. Oregon’s longstanding drought is based on two years of below average pre- cipitation, a summer that saw almost no rain and above normal tempera- tures that sapped moisture from the soil. In the future, Oregon is expected to see hotter and drier summers but also wetter and warmer winters, a trend that was generally observed this past year. ship. Oregon Realtors really believe that’s important.” Continued from Page B1 Panelist Chabre Vickers, vice president and local Lee noted that $1.2 tril- community develop- lion of that $3 trillion gap ment offi cer with Wells “could be eliminated by Fargo, said that Orego- homeownership. So that nians are doing a fan- means if a typical Black tastic job addressing the home was worth the same issues through policy, as a typical white home, public-private partner- that would act for about ships and nonprofi ts. Wells half of that $1.2 trillion Fargo has a Neighborhood- housing inequality measure LIFT down payment assis- of that wealth gap. If Black tance program that Vickers homeownership grows said already has helped by 30% to be on par with 24,000 Americans become white homeownership, it homeowners. would also close by half — “Down payment assis- obviously, those would be a tance is so important when huge improvement.” folks need to cross the line, After Lee’s presenta- have already worked on tion, a panel discussed pos- their credit, but don’t have sible strategies to bridging built-up wealth passed from the gap. family. Down payment assistance is going to make Increasing access the diff erence in getting to to lending closing,” Vickers said. “We Panelist Alex Phan, recognize intentionality is diversity committee chair paramount to success. (We with Oregon Realtors, said need to) elevate the conver- everything ties back to sation around exactly what access to fi nancial literacy we talked about — under- and simplifying the educa- standing how to increase tional process. access to lending.” Vickers said in the last “So many communi- year, the Oregon Bankers ties of color, a lot of times Association launched the depending on households, BIPOC (Black, Indigenous don’t have that opportu- and people of color) Task nity to learn some of those Force, which is a group of critical (fi nancial literacy) banks coming together to things,” Phan said. “It all be intentional about sup- starts with understanding credit, how it functions, how porting BIPOC across we use it to build ourselves the U.S. Vickers said the program to the opportunity that launched with the goal that we can enter homeowner- Still running unsupported Windows 7? We’ll help you avoid critical issues by installing Windows 10! 75% of the homeowners it helped would be BIPOC homeowners, and that rate is currently over 83% — a success. “We launched a BIPOC task force really looking at how banks as a whole can come together and impact and benefi t in particular BIPOC members across the state,” Vickers said. “When you see programs that are working, under- standing how to be part of that and invest early on is a part of what will help us get toward our goals. If we as a group were to look at that on a pretty deep level, really understand how we got there and really consider the mechanisms of how we maintain the status quo.” Vickers said looking at appraisal equity shown in Lee’s summit presentation, in the end, when minority households want to sell their property and garner wealth for their families, the values come out lower. “We need to increase accountability around credit bureaus, how credit inhibits access to lending, and as a fi nancial institu- tion we need to ask our- selves how our underwriting is restricting communities of color, in particular Black and Latinos, that would be homeowners from access to this lending,” Vickers said. “There are so many pro- grams that are working, but we need to scale them up.” Computer not running as fast as when it was new? Let us install lightning-fast solid state drive! 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