Wednesday, September 01, 2004

Housing

U.S. Representative Luis V. Gutierrez Joins Guaranty Bank and Fannie Mae to Announce 'Buy for Family' Mortgage; Qualified Borrower Can Finance the Purchase of a Residence for a Parent or Sibling Who is Unable to Purchase for Themselves
CHICAGO, Sept. 1 /PRNewswire/ -- U.S. Representative Luis V. Gutierrez (D- IL) today joined local community leaders, housing advocates, and representatives from nonprofit organizations, Guaranty Bank, and Fannie Mae (NYSE:FNM) , the nation's largest source of financing for home mortgages, to announce a new mortgage designed to help increase affordable homeownership opportunities for underserved markets, including low- and moderate-income immigrant and minority families. "Buy for Family," a new mortgage designed by Guaranty Bank, allows a qualified borrower to finance the purchase of a residence for his or her parents or a sibling if they are unable to buy a home for themselves. Guaranty Bank will originate the Buy for Family loans, and Fannie Mae will purchase the eligible loans.
"The power of homeownership is a central wealth building tool and an essential vehicle for long term financial security and stability," said Rep. Gutierrez. "And that is why Buy For Family is so important, because it will help tear down barriers that currently prevent homeownership and it will provide opportunities and options for first-time home buyers, especially in minority and immigrant communities."
"America was built on the backbone of new immigrants who arrived in this country trying to make a better life for their families," said Chicago Housing Commissioner John G. Markowski. "Buy for Family is a great solution for immigrants to buy their piece of the American dream. When we have a gap in the homeownership rate, that's a gap in access to wealth."
Buy for Family is a flexible, affordable mortgage that helps qualified buyers, such as the first generation children of immigrants, purchase a home for their parents or siblings, who may not have traditional forms of credit or use mainstream banking and are, therefore, unable to qualify to buy the home themselves. Buy for Family offers borrowers the opportunity to finance a parent or sibling's home through several key features.
Borrowers contribute at least $500 down from either their own funds, with the remainder coming from a gift from their family member or grants from a church, employer, municipality or nonprofit agency. In addition to the flexible down payment sources, additional funds may be obtained from cash on hand or money not traditionally placed in a financial institution. To be eligible for the Buy for Family product, the home must be located in Chicago, Atlanta, Detroit, and the State of Wisconsin.
Buy for Family is intended to help boost homeownership rates, which have been on the rise recently. According to the National Association of REALTORS(R), the homeownership rate for African American households in the first quarter of 2004 was 49.3 percent, up from 47.7 percent in the first quarter of 2003, while the homeownership rate for Hispanic households was 47.3 percent, up from 46.7 percent a year earlier. In addition, the homeownership rate for Asians, Native Americans, and Pacific Islanders was 58.2 percent, up from 55.7 percent in the first quarter of 2003. The homeownership rate for non-Hispanic whites was 75.5, up from 75.0 percent a year earlier.
"These are very needed programs that we bring to the table. Buy for Family will enable many minority and immigrant families to realize the American dream of homeownership, by reducing some of the barriers they presently face," said Guaranty Bank's Executive Chairman Gerald Levy. "Guaranty Bank is thrilled to partner with Fannie Mae and further demonstrate our commitment to the communities we serve by offering more diverse and creative programs and opportunities to the residents of the communities we serve."
The Buy for Family mortgage is offered by Guaranty Bank as part of its recently announced five-year, $2 billion multicultural lending initiative with Fannie Mae that is designed to increase affordable homeownership opportunities for underserved markets, including immigrant and minority families.
As part of this initiative, Guaranty Bank and its subsidiaries, Guaranty Mortgage, Shelter Mortgage Company, and GN Mortgage, will offer new or enhanced mortgage products that utilize options for helping people overcome barriers such as blemished credit or lack of a down payment. Fannie Mae has committed to purchase from Guaranty Bank $2 billion in eligible loans originated under this initiative.
"Fannie Mae is committed to bringing more initiatives to the marketplace that provide solutions to one of America's most pressing housing needs," said Terry Young, director of Fannie Mae's Illinois Partnership Office. "With Guaranty Bank, we are excited about Buy for Family, and how it recognizes the need for more affordable housing in underserved markets, including immigrant and minority families.
This effort is part of Fannie Mae's American Dream Commitment(R) for Illinois, a new seven-year, $135 billion Illinois housing investment plan to help finance affordable housing for 900,000 families across the state.
For information about the Buy for Family mortgage, the multicultural homeownership initiative, to apply for a loan, or learn more about loan opportunities, contact Guaranty Bank at 1-847-439-5626.
For more information on Fannie Mae's affordable mortgage products, consumers may call Fannie Mae's Consumer Resource Center at 1-800-7FANNIE (1-800-732-6643), Monday through Friday, 8:00 a.m. to 4:00 p.m. CDT.
Guaranty Bank is a Federal savings bank headquartered in Milwaukee, Wisconsin. Guaranty Bank has more than 117 retail locations throughout southeast Wisconsin, northern Illinois, southeast Michigan and Minnesota. Guaranty Bank's subsidiaries and d/b/a's include: Guaranty Mortgage, GB Home Equity, GN Mortgage, Shelter Mortgage, and BestBank (in Southeast Michigan). At the end of June 2004, Guaranty Bank's assets totaled $1.89 billion. Guaranty Bank is owned by Guaranty Financial Corp. The stock symbol of Guaranty Financial Corp. is "GFCJ."
Founded in 1923, Guaranty Bank has established a strong presence as a well-known community bank. As a subsidiary of Guaranty Bank, Shelter Mortgage's nationwide offices specialize in its own niche of mortgage lending. With more than 300 loan programs available, borrowers are placed with the best-suited mortgage fitting their needs. Personalized customer service is one reason why Guaranty Bank is one of the top 50 lenders in America. For more information visit http://www.shelter-mortgage.com/
Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae has pledged through its "American Dream Commitment" to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. Since 1968, Fannie Mae has provided $6.3 trillion of mortgage financing for 63 million families. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com/.


Style Usage: Fannie Mae's Board of Directors has authorized the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "FNM." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."


Source: Fannie Mae; Guaranty Bank

Web site: http://www.fanniemae.com/
http://www.shelter-mortgage.com/


Tuesday, August 31, 2004

Health News

Teen Drug Treatment Jumps 65 Percent Over Decade, Federal Study Says

WASHINGTON, Aug. 31 /PRNewswire/ -- The number of admissions to substance abuse treatment for adolescents ages 12 to 17 increased again in 2002, continuing a ten-year trend. These data were released today in the "Treatment Episode Data Set: National Admissions to Substance Abuse Treatment Services 1992-2002" by the Substance Abuse and Mental Health Services Administration (SAMHSA).
The new data show that the number of adolescents ages 12 to 17 admitted to substance abuse treatment increased 65 percent between 1992 and 2002. In 1992, adolescents represented 6 percent of all treatment admissions. By 2002, this proportion had grown to 9 percent. This report expands upon data published in May in the "Treatment Episode Data Set (TEDS) Highlights 2002."
The increase in substance abuse treatment admissions among 12 to 17 year olds was largely due to the increase in the number of admissions in this age group that reported marijuana as their primary drug of abuse. Between 1992 and 2002, the number of adolescent treatment admissions for primary marijuana abuse increased 350 percent. In 1992, 23 percent of all adolescent admissions were for primary marijuana abuse. By 2002, 63 percent of adolescent admissions reported marijuana as their primary drug.
"The youthfulness of people admitted for marijuana use shows that we need to work harder to get the message out that marijuana is a dangerous, addictive substance," SAMHSA Administrator Charles Curie said. "All Americans must begin to confront drug use -- and drug users -- honestly and directly. We must discourage our youngsters from using drugs and provide those in need an opportunity for recovery by encouraging them to enter and remain in drug treatment."
Forty-eight percent of all adolescent treatment admissions in 2002 involved the use of both alcohol and marijuana. Admissions involving these two substances increased by 86 percent between 1992 and 2002.
In 2002, more than half (53 percent) of adolescent admissions were referred to treatment through the criminal justice system. Seventeen percent were self- or individual referrals, and 11 percent were referred through schools.
The TEDS report provides detailed data on admissions to substance abuse treatment for all age groups. The 2002 data show that polydrug abuse (abuse of more than one substance) was more common among TEDS admissions than was the abuse of a single substance. Polydrug abuse was reported by 55 percent of all admissions for substance abuse treatment in 2002. Alcohol, marijuana and cocaine were the most commonly reported secondary substances. For marijuana and cocaine, more admissions reported these as secondary substances than as primary substances.
This new report provides information on the demographic and substance abuse characteristics of the 1.9 million annual admissions to treatment for abuse of alcohol and drugs in facilities that report to individual state administrative data systems. The report also includes data by state and state rates.
The report is available on the web at http://www.oas.samhsa.gov/.


SAMHSA, a public health agency within the U.S. Department of Health and Human Services, is the lead federal agency for improving the quality and availability of substance abuse prevention, addiction treatment and mental health services in the United States.


Source: Substance Abuse and Mental Health Services Administration

CONTACT: Leah Young of the Substance Abuse and Mental Health Services
Administration, +1-240-276-2130


Web site: http://www.samhsa.gov/
http://www.oas.samhsa.gov/



Monday, August 30, 2004

source: jointogether.org

Most Crimes in Puerto Rico Linked to Illegal Weapons
8/30/2004

Testifying before the U.S. House of Representatives Committee of Public Integrity, Pio Rechani Lopez, the executive director of the Institute of Forensic Science, said most of the crimes in Puerto Rico are committed with illegal and stolen weapons, the Associated Press reported Aug. 27.

"There are illegal weapons arriving from other countries or the United States that enter the island as contraband that are more used for these types of crimes. The majority of the firearms used in murders and crimes are assault weapons, like the AR-15 or the AK-47," Rechani Lopez said.

Rechani Lopez said it's difficult to monitor the flow of illegal weapons into Puerto Rico because some assault weapons illegally entering the island are obtained legally in states like Kentucky and Texas.

Note: This article is online at http://www.jointogether.org/z/0,2522,574404,00.html

Visit www.jointogether.org for complete news and funding coverage, resource links and advocacy tools supporting community-based efforts to reduce and prevent substance abuse and gun violence.

Join Together Online (www.jointogether.org)
Join Together is a project of the Boston University School of Public Health.

Saturday, August 28, 2004

Featured Site

Escape to Puerto Rico (there is a link to the site from the prsun.blogspot). But there is one more reason to visit.

Check out:
http://escape.topuertorico.com/postcards/new.shtml

I am pleased to report that my photos are featured at
Escape to Puerto Rico as part of its Puerto Rico e-cards collection.

My work is located under the categories:

Old San Juan
http://escape.topuertorico.com/postcards/oldsj8.shtml

Churches
http://escape.topuertorico.com/postcards/church4.shtml

Folklore
http://escape.topuertorico.com/postcards/folklore3.shtml

Thanks.


Friday, August 27, 2004

Latino/a Literature: A Resource for Standardized Testing


book
Originally uploaded by Manny.
By Manny Hernandez

Manny, who regularly contributes to Puerto Rico Sun articles on education and Latino issues, is the author of the Latino/a Literature book, a resource for young adults and standardized testing in America.
Essay

The Latino Agenda in the Upcoming Elections: Education

By Manuel Hernandez

There has been a lot of talk that Latinos are now the largest minority in the United States. According to recent projections, close to half of the population will be Latino by half of the 21st Century. Hispanic Magazine describes the phenomenon as the “Minority Nation.” The Latino population growth has surpassed all predictions and continues to baffle census specialists. There are many Latino issues on top of the electoral table, but the following seem to be the most relevant: home ownership, immigration, health insurance, economic growth, security and education. As a hard-core believer in the power of education, all of the issues served on the electoral table are appetizers of a quality education.

It was in 1967 with the publication of "Down These Mean Streets" that the legendary pioneer of Latino letters, Piri Thomas, made “El Barrio” in Manhattan a household name. The classic autobiography portrayed and depicted the issues of the late 1960's: identity, survival and racism.

But in 2004, the climactic point in the Latino drama is education. With an approximate 25 percent high school dropout rate average and merely 6 percent registration rate at the graduate level in colleges and universities across America, the numbers speak for themselves and have been thrust around at will by those who have all kinds of interests.

Despite the good intentions coming from one party and another, a sound and solid based educational plan has yet to be designed and created. How will the National Latino high school dropout rate be attended? What academic plan will be drawn to ensure that Latino teens entering high school in 2004-2005 will not drop out tomorrow? How will those young adults graduating from high school receive motivation, information and support to pursue graduate studies? The answers to these and other educational questions remain tied up in the “language of ideas” discussed by politicians at all corners of the electoral table.

Under President Bush’s No Child Left Behind Law, there is renewed accountability, enhanced flexibility and community control. At the same time, there is an emphasis on teaching strategies that have worked in the past. But there are no specific, concise and detailed suggestions on how states should tackle the desired educational outcomes. Senator Kerry’s people are talking about providing quality education and recognizing that “children need good schools” (Hispanic Magazine, page 84). The good intentions are undeniable, but the ideas do not fulfill the academic demands of a population that continues to impact, influence and redefine America.

The academic demands cannot be taken lightly and should provide immediate intervention, pre-planned prevention and long-term planning. The highest high school dropout rate amongst minorities is preventing Latinos to attain a higher education degree. According to the U.S. Department of Labor, a college graduate will earn more over a lifetime period than a high school graduate. However, in the traditional age group, only 25 percent of foreign-born Latinos who graduated high school are enrolled in an undergraduate institution. On the other hand, 40 percent of second generation Latino high school graduates attend college.

If Latinos are less likely to graduate from high school but continue to grow in population, the United States has an economic situation that needs serious attention. Why not make it a national priority to work with states to develop a vision in tune with the necessities of the Latino teen?

Latino teens are scoring poorly in city, state and national testing requirements. Teens have difficulties reacting and responding to literature that is far away from their immigrant experience. The literary text possesses no fixed and final meaning or value; there is no one "correct" meaning. According to Louise Rosenblatt, a poem is "what the reader lives through under the guidance of the text." If Latino teens cannot make a connection with the text, there will be little possibility of an interpretation. As a consequence, the possibilities of better scores in these exams are reduced to a minimum.

Latino teens today are open to options. It is the responsibility of government, teachers, administrators, parents and educational advocates to provide them with the keys to their educational experience. I strongly believe that education should be highlighted as the core issue once and for all -- not only by Bush and Kerry but by Latino leaders and academics alike. There are so many of us, but we have not decided on the best interest of our future generations: education.

Manuel Hernández contributes education essays to Puerto Rico Sun. He is the author of Latino/a Literature in The English Classroom. If you would like to publish the article in your local newspaper, call his editor at 787-355-0099. Feel free to visit his page at www.puertoricans.com.





Wednesday, August 25, 2004

Featured site:

Association of Hispanic Arts (www.latinoarts.org)

Founded in 1975, the Association of Hispanic Arts, Inc. (AHA) is a not-for-profit organization dedicated to the advancement of Latino arts, artists and arts organizations as an integral part of the cultural life of the nation. It facilitates projects and programs designed to foster the appreciation, growth and well being of the Latino cultural community.

Site includes listings of opportunities for Latinos interested in developing films, information about art exhibitions and culture events and a book store featuring literature on and by Latinos. Worth a visit.

Monday, August 23, 2004

Literacy Tips for Latino Families

WASHINGTON, Aug. 23 /PRNewswire/ -- It's a growing trend: more education experts are offering bilingual resources addressing the needs of Latino families. From the launch of PBS's Maya & Miguel family-themed website and television program later this fall, to online resources such as Reading Rockets' www.colorincolorado.com, the message is clear that reaching the growing Latino audience -- even with literacy advice -- demands special cultural consideration.


(Photo: http://www.newscom.com/cgi-bin/prnh/20040823/NYFNSF02 )


"Getting children and families of all backgrounds excited about reading requires more than a one-size-fits-all solution," said Carol H. Rasco, president and CEO of Reading Is Fundamental, the nation's oldest and largest children's and family literacy organization. "By offering resources tailored specifically to empower Latino families, we're taking an important step in reinforcing positive attitudes and behaviors toward literacy."


To encourage literacy every day, RIF offers families these tips:

* Talk with your children as you play, go shopping or work around the
house. Listen to what they say. Ask questions. When you talk to your
children, you help them learn to use words.

* Let your children see you read. Show them you think reading is important
and that you enjoy it, too.

* Ask older children to read to younger ones. Older children will be proud
of their skills and younger children will want to read like their older
brothers, sisters, or friends.

* Say rhymes, raps, and poetry and sing songs. Rhymes and songs are easy
for kids to remember, so they can say them and sing along with the rest
of the family. Rhymes also help children learn letter sounds.

* Tell stories about your family, and stories you enjoyed when you were a
child. Ask other family members to tell stories, too. Write down these
stories and those your children tell. Save them to read aloud later.


In September, RIF will launch its own special initiative aimed at promoting early childhood literacy among Latino families in the United States. Called "Un futuro brillante empieza en un libro" (A brilliant future begins with a book), the campaign emphasizes the ways families can incorporate into their lives simple, appropriate activities -- many of which families already do regularly -- that will promote literacy among their children.


The core component of the campaign is a comprehensive, Spanish website (http://www.rif.org/leer) that offers tips and advice for families. RIF will also begin distributing two Spanish language television public service announcements (PSAs), featuring television personalities Cristina Saralegui and Jorge Ramos, and a half-hour educational parent video in Spanish.


Reading Is Fundamental, Inc. (RIF) works to build a literate nation by helping young people discover the joy of reading. For more information and to access reading resources, visit http://www.rif.org/.

Sunday, August 22, 2004

Wall


Wall
Originally uploaded by clarisel.
Old San Juan

Stop in and view the latest photos.

Friday, August 20, 2004

Poetry

CONDEMNED
By Fernando A. Zapater

In that poker game god dealt me cards
An anti-Semitic joker as a wild trump
That played me like a well-tuned guitar
To the fine tune of a mashuganov gentile
I traveled 32 hundred miles
To reach the rabbis daughter and reconcile
But imagine a balsero boricua all the while
After he had his heart circumcised
Perhaps in past incarnations I had been
A nazi luftewaggen first lieutenant air force
Maybe I was the roman soldier who gave Christ
His hideous last drink
Or perhaps had been the Jew that condemned
Him to be crucified
It is my karma I accept in mazel tov
All the while thinking in Luria’s mysticism
And when my love for Mordecai borders fanatism
You will know me also as his sidekick companion
Esther’s lover, Lilith’s cousin, a Jew beloved
Like Moses leadership amongst the waters
But when Palestinians explode like watermelons
It is time to corner Arafat with serious questions
Not only traveled a mile for a camel
But 32 hundred for a whole herd
With which we will conquer the west
And will have again Jerusalem and Bethlehem
We must not thrust aside the Palestinians
For they are a tribe that is here to stay
I have been dealt the anti-Semitic trump
It’s now my turn to twist and shout, to hum and hump
We shall live like a civilized tribe
Amongst human, spirits, and animals alike
Love and peace shall prevail amongst all the same
Shalom, Mazel-tov, Hola, Hello, Bienvenido, y Como estas.

c 2004 Fernando A. Zapater

Fernando A. Zapater contributes his poetry to Puerto Rico Sun. He is the author of "La Biblia Desnuda," and "Cuentos Cortos y Poemas de Un Balsero (Volumes I and II)." "Condemned" is published in the Cuentos Cortos y Poemas Volume II edition, which features writings in Spanish and English.