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4The Daily Tar Heel Thursday, October 13, 1988
. Campus Calendar
The DTH Campus Calendar is a daily
listing of University-related activities
sponsored by academic departments,
student services and student organizations
officially Tecognized by the Division of
'Student Affairs. To appear in Campus
Calendar, announcements must be submit
ted on the Campus Calendar form by
NOON one business day before the
announcement is to run. Saturday and
Sunday events are printed in Friday's
calendar and must be submitted on the
Wednesday before the announcement is
to run. Forms and a drop box are located
outside the DTH office, 104 Union. Items
of Interest lists ongoing events from the
same campus organizations and follows the
same deadline schedule as Campus
Calendar. Ptease use the sirn form.
12:30 p.mUaiversity Career
vice will have a
resume writing work
shop in 210 Hanes.
Drag and Alcohol
Abase Peers will
meet in 210 Union.
Come help plan and
learn about the DELTA
graduate Clab will
sponsor a "Prepare for
Now" seminar in 205
neurs Clab will meet
in the 3rd floor Reading
Room, Kenan Center.
David Shear of CCB
Bank will speak; .
members and non
members of any major
are encouraged to
4:15 p.m. UCPPS will have an
to career planning and
the self-advising man
ual for freshman
juniors in 210 Hanes. .
5 p.m. Campos Y
Crafts' Fest Com
mittee will meet in the
conference room of
dents will have its
weekly meeting in 208
5:30 p.m. Black Business
will sponsor an intern
ship and resume writ
ing workshop in the
, Black Cultural Center,
Union. All members
and interested students
Pre-Law Club will
meet in 211 Union.
Zygmunt Plater, profes
sor of law at Boston
College, will speak.
6:45 p.m. Intervarsity Chris
North Chapter will
have Thursday Night
Live in 226 Union. Rick
Douns will be speaking
7 p.m. Campus Crusade
for Christ will have
Thursday Night Live in
205-206 Union. Every
one is invited.
Professional Health Society will
have a general body
meeting in the Black
Cultural Center. All
minority students plan
ning to major in a
health-related field are
invited to attend.
UNC Outing Club
will meet in the Union.
7:30 p.m. UNC Equestrian
Club will meet in the
South Gallery Meeting
Room, Union. Impor
tant information for
t tomorrow's show and
future show dates;
mandatory for those in
Book Club will meet .
in the Union. Anyone
intersted in comic
books is welcome.
Senior Class is hav
ing a meeting in 103
Bingham open to all
seniors concerning final
decisions for the class
8 p.m. SEAC Campus Y
will present Patricia
Wright of Duke Univer
sity speaking on "Trop
ical Deforestation in
the Amazon, Madagas
car, and Borneo... Why
Should We Care?" in
121 Hanes Art Center.
8:30 p.m. Cellar Door will
sponsor an open po
etry reading at Colum
bia Street Bakery.
Bring your favorite
original poem, copy the
best grafitti off the wall
or even write some
thing to read. .
8:45 p.m. UNC Young Demo
crats, Students for
David Price, The
' Carolina Campaign
Students for Bob
Jordan invite every
one to come watch the
in the Union TV
9 p.m. Union Cabaret will
present "Don Raleigh
and Brian Wallen," '
admission is free.
Items of Interest
University Career Planning
and Placement Services will
host the 8th Annual Minority Career
Fair on Oct. 18, from 12:30-5 p.m.
in Great Hall, Union.
College Bowl has team appli
cations for the on-campus tourna
ment. The deadline is Oct. 18, and
the tournament is limited to the first
64 teams. Helpers are also needed;
applications are available at the
Graduate and Professional
Student Federation has infor
mation on obtaining in-state tuition
status. See the bulletin board
outside Suite D, Union for current
UNC Learning Skills Cen
ter has openings for General Col
lege students in its November
session study skills short course.
Come by 204 Phillips Annex to
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tickets or brunch. So during college and after,
it's the perfect way to pay for just about
everything you'll want.
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sien of success. And
because we believe in your
potential, we've made it easier for
students.of this school to get the
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now -even without a job or a
credit history. So whether you're an
underclassman, senior or
grad student, look into
our automatic approval
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Program helps towim residents
purchase.1 affordable housiim
By LARRY STONE
The Tandler Homeownership Pro
gram is in the midst of making the
dream of home ownership a reality
for residents of Chapel Hill.
Glenn Davis, assistant director of
housing and community develop
ment for Chapel Hill, said the
program, which provides affordable
housing for low and moderate
incomes, is a joint effort between the
town and the private sector.
. The program is about one-third
complete. Of the 35 homes to be built,
11 are finished.
Although no timetable has been set
for completion of the project, con
struction has begun on the final 24
homes, and Capricorn Isler Asso
ciates is speeding up construction,
Davis said he is pleased with the
results of the new experience, but it
was only made possible by many
people working together. Those who
have a new home are elated, he said.
"I go to the closings and I hear,
'I have finally got a home I can
afford,' and that is really gratifying,"
Davis said. "I can say that before this
program, for low and moderate
incomes, housing in Chapel Hill was
"After a lot of hard work, we can
see the positive experience we all have
gained. I really am looking forward
to doing another one."
The project is being built on town
owned property off Legion Road and
around the Merritt .Mill Road area,
"We go in and put in the water
and sewer lines, streets and house
connections," he said. A private
developer, Capricorn Isler, agrees to
build and landscape the units.
The homeowner gets a significant
break in the cost of the project, Davis
said. As long as the buyer does not
refinance the home or move, he pays
only on the first mortgage of the
property, which is the cost of building
The second mortgage, including
the hookups by the town, is not held
against the homeowner, unless he
moves or refinances.
"What the family is getting is a
$70,000 to $80,000 home for about
$50,000 or $60,000," Davis said.
Because the program is a project
to help people with low and middle
incomes, the town has set some
criteria for citizens to become eligible,
To be considered, the homebuyer
must live or work in Chapel Hill, must
fall below the 80 percent mean income
level and meet the requirements of
the First Union Mortgage Corpora
tion, who is financing the venture.
"It is kind of a catch-22," Davis
said. "To be assured of a home, you
really need to be below that 80 percent
point, but First Union needs to be
sure you make enough to support a
The Chapel Hill Town Council has
also set up some ways to help the
families pay for their dream home
once they qualify.
One of these financing subsidies is
a principal buydown. Under this
program, the town helps the
homeowner pay the first mortgage,
"We give them $5,000 on the first
mortgage and add that money to the
second mortgage, which they do not
have to pay unless they move or
refinance," Davis said.
Interest rate buydown, the second
subsidy, gives the town the ability to
pay money to the lender to reduce
the interest rate it receives.
This money does not increase the
second mortgage, but it can reduce
the interest rate to a point where
people can pay it, Davis said.
Speaker lauds benefactors of UNC
By DANA PRIMM
On UNC's 195th birthday, students
should praise the men and women
who helped to establish the Univer
sity's greatness, Douglass Hunt,
special assistant to the chancellor,
told about 35 people in New West
Hall Wednesday night during the
1988 Kemp Plummer Battle lecture.
The Dialectic and Philanthropic
Societies (Di-Phi) sponsored the
lecture, titled "A Small Price to. Pay
the Pleasures of Serendipity," in
an effort to promote the history and
traditions of UNC and to celebrate
Hunt told the audience of both
students and alumni several stories
about people who were influential in
UNC's history. One of the stories
concerned Mary Elizabeth Mason,
who gave the University 800 acres of
land about two miles from Chapel
Hill. The land; which she inherited
from her grandfather and her hus
band, is now Finley Golf Course.
Mason also gave $1,000 to UNC
in memory of her deceased daughters,
Martha and Varina. In return for the
land and the money, Mason dictated
that the portraits of her daughters and
her husband must be hung in a public
hall of the University.
There is some question now about
the legitimacy of the portraits and
where they should be hung, but the
University should be sure to keep its
part of the bargain because of the
importance of the contribution, he
Mrs. Spencer, Martha and Vari
na's teacher, wrote a memoir of the
Masons "which is a University
treasure a treasure most of all for
what it tells us of . . . their bountiful
generosity in giving to the University
what may well turn out to be, until
now, the most valuable gift it has ever
received," Hunt said.
Spencer wrote in her 1895 article:
"Interest in public benefactors
increases as time- withdraws the
generation that knew them person
ally. Fifty or a hundred years hence
innninpc n 1 1 V m r-nnvrninn
these two sisters. I have written the
following memoir of the friends of
the University of North Carolina
A.D. 1995 which year will witness our
second centennial, and may be
expected to revive and dwell upon all
Hunt also told stories about former
UNC presidents Kemp Plummer
Battle and Edward Kidder Graham.
Di-Phi is the oldest student organ
ization at the University and one of
the only such collegiate organizations
left in the United . States, Kevin
Cherry, clerk of the society, said. The
other similar organizations in the
country are the Jeffersonians at the
University of Virginia and Whig and
Clio at Princeton University.
- Di-Phi tries to protect the tradi
tions and history that make UNC a
unique collegiate experience as well
as to preserve literary traditions,
Many of UNC's famous alumni
were members of the organizations,
including Thomas Wolfe, former
Gov. John Morehead and former
U.S. Sen. Sam Ervin.
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