Guilds Lake War Housing, circa 1946


Vintage Portland

Aerial photograph of the southern section of the Guilds Lake war housing project with views of the Montgomery Ward Building and Vaughn Street Ballpark in the background, circa 1946.

City of Portland Archives, Oregon, A2001-025.216 City of Portland Archives, Oregon, A2001-025.216

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Eliot History Spotlight: Dawson Park


Eliot Neighborhood

Dawson Park Gazebo Dawson Park Gazebo

Right in the heart of Eliot, positioned a block away from the Emanuel hospital between Williams and Vancouver Avenues, lies one of Albina’s most treasured historic spaces: Dawson Park. Today, it’s a shaded, grassy expanse complete with playground, basketball courts, and public fountain. All throughout July, catch free public concerts at Dawson Park every week–but before rolling out the picnic blanket and bringing the family down, learn a little about why Dawson Park’s story is tied so closely to the history of Northeast Portland.

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Making Craft Beer


Eat. Play. Love.

I was privileged enough to be invited by Chris Graham to a beer-tasting event last April 2016 hosted at Mr. Graham’s Sandwich Shop. It was facilitated by a fairly new microbrewery called Nipa Brew, who educated us on the end-to-end process of beer-making. 2 hours later, I walked away more knowledgeable about brewing with a stomach filled with sandwiches and beer.

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Main Ingredients of Beer

Beer typically has–and is not limited to these–4 components.

1. Yeast

Similar to wine, beer needs yeast to ferment the base ingredients to produce alcohol content. There are 2 main families of yeast affecting the rate of fermentation. Those that survive in warmer climates (18-24 degrees Celsius) typically take 4-5 days to completely ferment beer, while those than survive in lower temperature (8-14 degrees Celsius) can take 2-3 weeks.

2. Malt

Like any living organism, yeast needs to eat, and its food is malt. Yeast metabolizes malt to produce the…

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Rate Hike Odds Collapse; Fed’s Evans Discusses “Delays for Years”


MishTalk

Here’s an amusing Tweet courtesy of Chicago Fed president Charles Evans.

With that enlightenment out of the way, let’s take a look at the CME Fedwatch odds.

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Bread and Honey Cafe


Eliot Neighborhood

Bread and HoneyAlthough Bread and Honey Café has only (officially) been open since March 12th, it has lived in the mind of owner and chef Dyani Walden since she first began working in kitchens 20 years ago. Dyani’s vision has been and continues to be the creation of a beautiful, friendly and open space where the community can come together and experience healthy and delicious food as well as excellent customer service. She, along with Trevor Rhoads the sous chef and co-owner, are striving to create a communal environment that will have a positive impact on the community and in turn hope to be impacted by the community.

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FHA EASES CONDOMINIUM PROJECT APPROVAL REQUIREMENTS: Temporary guidelines will increase number of condominium projects eligible for FHA approval


WASHINGTON – The Federal Housing Administration (FHA) today published new guidelines under its condominium approval process intended to increase affordable housing options for first-time and low- to moderate-income homebuyers.  Effective immediately, FHA’s temporary guidance will streamline the agency’s condominium recertification process and expand the eligibility of acceptable ‘owner-occupied’ units to include second homes that are not investor-owned.    Read FHA’s mortgagee letter.

These provisions will expire in one year and serve to revise FHA’s condominium approval process until the agency can implement a more comprehensive condominium rule change.  Today’s guidance:

  1. Modifies the requirements for condominium project recertification;
  2. Revises the calculation of FHA’s required owner-occupancy percentage; and
  3. Expands eligible condominium project insurance coverages.

Streamline Condominium Recertification

FHA-approved condominium projects require recertification after two years to ensure that the project is still in compliance with FHA’s eligibility requirements and that no conditions currently exist which would present an unacceptable risk to FHA.  For existing condominium projects seeking recertification, FHA will now only require applicants to submit documents reflecting any substantive changes since the project’s prior approval.

Calculation of Owner-Occupancy

The procedure for calculating the required owner-occupancy percentage (50 percent) is modified to allow units that are not investor-owned to be considered owner-occupied for the purpose of Condominium Project approval.  A condominium is considered to be owner-occupied provided they are not:

  • Tenant Occupied;
  • Vacant and listed for rent;
  • Existing (previously occupied), vacant and listed for sale; or
  • Under contract to a purchaser who does not intend to occupy the unit as a Principal Residence or Secondary Residence.  The term Principal Residence and Secondary Residence have the same meaning.

Expansion of Eligible Condominium Project Insurance Coverage

Homeowners’ Associations (HOAs) are required to maintain adequate “master” or “blanket” property insurance in an amount equal to 100% of current replacement cost of the condominium (exclusive of land, foundation, excavation and other items normally excluded from coverage). Insurance coverage for condominium project approval that consists of pooled policies for affiliated projects, state-run plans, or contains coinsurance obligations on the part of the policy holder is now permitted to satisfy this requirement.

 

 

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