Newspapers / The Carolina Times (Durham, … / Aug. 22, 1981, edition 1 / Page 13
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Ijll 'dcr ijk jown Tucked away in a corner of the, Home Loan Board, a little- government- Kded nonprofit cor- rfion IS steadily S across America itate the invest- of millions of Le dollars into the Jitalization of older: jjliborhoods — to Ip existing residents re- t, in their homes, linovvn now as the jj^hborhood Reinvest- ill worth of private in- tnt Corporation (we’ll; vestments, Congress, in it NRC), its, 1978, created the •edecessor, the Urban reinvestment corpora- (ipvestment Task tion ,as a separate otce, had its beginning organization with its the early 1970’s in own budget and board of (Sponse to a growing directors. iDcern in cities about .Under the Reagan Ad- vfoney For Hoiisi’. , ■ is and How To Get It fhe Neighborhood Reinvestment Corp By William R. Morris, ASPC “redlining” of black and low-income com munities. The Task Force became best known in urban circles for its “Neighborhood Hous ing Services” (NHS) pro grams which are now operating in some 150 neighborhoods in over ninety cities. Because it was so successful in leveraging some $11 million in Federal funds into over $100 million vCiy good chance of becoming one of the main conduits for private money to flow in to low income com munities, for housing and community im provements. In its opera tions, NRC emphasizes the concepts of public- private partners in which neighborhood residents, local officials and finan cial institutions are brought together in a self-help- effort to breathe new life into dy ing communities. Despite its string of successes and strong bipartisan political sup port, most American taxpayers have never heard of the reinvest ment corporation; nor do they have the faintest notion of what it does or how it does it. Since most of the programs helped by NRC are local ly conceived, they are known by different acronyms such as HOP, CHAP. REAL, AIP, Reagan’s Plan For Sacrifice By Congressman Augustus F. Hawkins Washington has been scene of a revolution year. The recently ;ed Reagan tax cut spending reduction cut government pro ms and revenues by unprecedented ount. These slashes of a tremendous iomic gamble, which uccessful, may bring boom of economic overy thdt President gan has promised. I crely hope that this be the case. Kver, those who nor for the sident’s program to liven a chance, ignore that, if this ex- iment fails, . an lomic crisis of truly it proportions could result. I k Reagan theory of side economics that granting the ithy enormous tax iclions will directly ’ lit in increased capital tstment, thus spurr-, economic growth and roved employment ortunities for all. never, the rich, who receive the greatest reductions, have wn no inclination in recent past to invest job creating enter- and there is little to believe that practice will change. Ithough the rich will 'erywell regardless of investment prac- forthe vast majori- f Americans in lower middle income the tax reductions be negligible. A one ! earner family of earning $15,000 a will receive a reduc- of only $151 in 1 and even this est sum will largely aten up by inflation Social Security in- ses. In short, upon :al analysis it is hard tjmprehend the Presi- s claim that his is a and equitable” tax ■e President has pled his tax cut with a reduction in ;™ment spending, wasteful and faul- 'ogtams should sure- f reined in, the Ad oration has 'aportionately plac- ®e burden of the ’^r reductions on programs which . low' and trate income people, '^''^r, programs for ijSment of America not be dismantled lid ®lrn up for waste in government pro- hny is, Iter lie of these pro- cuts run directly „ .to the Ad- ration’s plan to ^ad an American pic recovery. Job ‘’B programs are out drastically. 300,000 CETA lU, Service pes will lose their y October; and essential municipal Z. will be pd or will con- nly if "creased. _ Pe same token Development f'fation pro- si '"immunity. and back. Although these cuts will greatly inhibit economic growth, the cuts, in programs which directly provide needed services to our citizens, are even more cruel and counter productive. Evidence of the impact of the cuts becomes ap parent when one con siders that the elderly medicare patients will be forced to pay much more for their health care needs; almost 700,000 present recipients of AFDC payments will have their benefits reduc ed or eliminated entirely; fully one million people will be declared ineligible to receive food stamps; child nutsition programs will, be cut in half; and school hot lunch prices will skyrocket while free milk programs wiO end. Moreover, our children will be forced to shoulder tremendous cuts in vocational train ing, handicapped educa tional programs, guaranteed student loans and special educational assistance for the economically deprived. As you can see the Ad ministration’s plan calls for the American people to sacrifice. However, I urge the Administration to re-examine its plan and strive for equality of sacrifice rather than the sacrifice of equality. in Baltimore, Md., a NHS is involved in a “Vacant House” pro gram where the city pur chases, rehabilitates and then sells, at low-cost, vacant homes to families who will occupy them. SWAP, Stop Wasting Abandoned Properties, a Providence, RI program, chases down abandoned property owners and, with city help, arranges their transfer tc low in come buyers. A Homesteaders Co-op provides counseling and the city provides $5,000 grants to families who use “sweat equity” to fix up the homes for their own use. Commercial reinvest ment projects have been started in Portland, Oregon and Baltimore; new homes constructed in Oakland, Calif.; and neighborhood rental ser vices and home maintenance programs are operating in other cities, because of NRC,. In 1974, “Neighborhood Housing Services of America” was created to operate a national loan purchase pool — to package loans from local programs and sell them to secondary market in vestors with a social con cern. Through its Neighborhood Preserva tion Projects division, NRC will help groups who start revitalization programs that can be reproduced in other cities. Small grants and technical assistance is provided to suppoirt local efforts in displace ment prevention, crime prevention, housing for the elderly and home ownership development. Other special projects started by NRC include a training program for rehabilitation specialists, conservation services for small cities, and a DODuiar anartment im- provement program. Residents must play a lead role in all of NRC’s programs while It^ders agree to provide loans to the neighborhood, and local governments often provide start-up funds and commit the city to needed public im provements and services. From the beginning, race hasn’t made much difference to NRC. Na tionally, 52% of the neighborhoods assisted have had more than 50% black or Hispanic residents, some close to 100%. Blacks who are willing to do a little more to help themselves are likely to find NRC a will ing partner. To find out if and how your neighborhood might benefit from NRC ser vices, give them a call in Washington at (202) 377-6360, and ask for William Whiteside. AUGUST 22,1981 THE CAROLINA TIMES -13 Seagram’s Sponsors President’s Reception When the National Newspaper Publisher Association convened in New Orleans, The House of Seagram was invited to sponsor the President’s Welcom ing Reception for distinguished guests. Joining host Joe Buckhalter, Jr., left, manager of military sales at Seagram Distillers Company were Col. Steve Davis of the NNPA, and Robert Blanchard, right, field assistant in the Eastern division of Seagram Distillers. 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The Carolina Times (Durham, N.C.)
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Aug. 22, 1981, edition 1
13
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