The Clatsop County Rental Owner's Association has some great
meetings coming up. For the first meeting of their new year, held
Monday, March 6, they have two speakers. First is Michael Flores,
field representative for Cadet Heaters, speaking about the current
model recall. The second speaker will be Carol Snell, executive
director of the Northwest Oregon Housing Authority, giving an
update on the major revisions to the NOHAS program and how those
changes apply to tenants and landlords. The meeting will be held
at West Lake Chinese Restaurant, 1480 South Roosevelt in Seaside,
starting at 6:30pm. The meeting cost for members is only $10,
which includes dinner.
The next event will be two seminars held Saturday, April 29,2000.
The first will be on Tenant Screening, the other on Section 8
and Other Rental Programs. The instructor will be Norton Cabell,
Oregon Rental Housing Law Book author and Apartment Manager columnist.
The seminars will be held at the Comfort Inn, Seaside, at 545
Broadway, starting at 9am.
The next CCROA meeting will be held June 5th. For more information
on the first meeting, the seminar day or other organizational
information, please contact Jay Lieberman at 503/717-9229.
Columbia County's Habitat for Humanity needs help from county Realtors®. We are creating a new Web site and would like to have it linked to the Web sites of local realtors® who support Habitat's mission of eradicating substandard housing in the area. If your business is interested, please contact Katherine Romano at 503/397-1501 or romanok@co.columbia.or.us. Visit our website under construction at www.columbia-center.org/habitat.
Pioneer Spirit Habitat for Humanity is moving forward to inside finish work on the first two homes at 1020 NW Warrenton Drive in Warrenton. The homes are estimated to be ready for occupancy by late spring. Homeowners are Alan and Regina Whitaker and Patty McDowell (See LCB September, 1999). Tim Regan, chairman and founder of the Pioneer Spirit chapter, wishes to thank representatives of Bair Insulation, which has donated insulation services for the homes. They are currently looking for donations by drywall and painting contractors. Work on those portions of those projects should start within the next two weeks. Contact Tim at 503/738-0493 to donate or volunteer.
HHH
Clatsop County Association of Realtors® held its annual awards banquet February 9 at the Astoria Golf and Country Club with 80 in attendance. Mike Manion of Pete Anderson/Better Homes and Gardens was awarded Realtor® of the Year. Recipient of this award is chosen by his or her peers for service to both the community and the local professional organization. This award has been given out annually for decades. A Golden Hammer Award, the sixth only for this award, was given to the first Realtor® recipient. Pam Vitas, also of Pete Anderson/Better Homes and Gardens, was selected by Habitat for Humanities' founders Tim Regan and Dave Pastor. "It is completely discretionary," said Regan. Chris Childress of Duane Johnson Real Estate in Cannon Beach won Top Individual Producer for 1999 with a new record of $15,820,120 in sales. Other top winners in order of placement were Craig Weston of Windermere ($9,199,920), Jeff Etchison of Duane Johnson (6,684,000), Lynn Brigham of Pete Anderson ($5,221,000) and Tim Regan of Coldwell Banker/Kent Price ($5,000,000).
Cannie Mae? Yes, this is NOT a typo.
According to the February 15-21 issue of BC's Business in Vancouver,
"A Vancouver firm is trying to churn a buck from the socially
responsible investing trend by helping to house society's less
fortunate." Fannie-Mae is a U.S.-based vehicle created by
the federal government in 1938 to replenish the supply of lendable
mortgage money by purchasing FHA insured mortgages. (See www.fanniemae.
com/company/history.html for more information.) The Canadian "Cannie
Mae" people, with a firm called Acre Fund, hope to aid non-profit
groups and others in building affordable and senior housing while
at the same time making money for shareholders by pooling and
selling the resulting mortgages to retail and institutional investors.
The Cannie Maes are expected to "carry a risk premium compared
with Canadian-government insured mortgage-backed securities now
available," and yet the firm still needs to find an investment
product reseller and an investment firm to complete an online
$12-million initial public offering to raise core capital. If
you want more news from Vancouver, BC, check out the newspaper's
website: www.biv.com.
The January, 2000 Market Action Report of the Portland RMLS shows comparative figures for residential real estate closings. The highest real estate by area is attributed to the Lake Oswego/West Linn area, reporting an average price of $351,900. This is followed closely by the North Coastal Counties figure of $321,800. West Portland ranked third with $296,700.
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