Ukiah Daily Journal from Ukiah, California on May 11, 1993 · Page 3
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Ukiah Daily Journal from Ukiah, California · Page 3

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Ukiah, California
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Tuesday, May 11, 1993
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Page 3
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Retirement savings eyed for low-income homes -THE UKIAH DAILY JOURNAL- TUESDAY, MAY 11, 1993 — 3 ; By SONYA ROSS >Th» Associated Press * WASHINGTON — The Clinton administration wants to use millions in investments drawn from the retirement savings of American workers to build new homes for poor families in 27 cities. Housing and Urban Development Secretary Henry Cisneros is talking with the AFL-CIO about using $500 million in investments from union pension funds to help finance housing and business development over the next five years. Cities slated to participate are Atlanta; Baltimore; Boston; Chicago; Cleveland; Columbus, Ohio; Dallas; Denver; Detroit; Los Angeles; Miami; Milwaukee; Minneapolis; Newark; New Orleans; New York; Oakland; Philadelphia; Phoenix; Pittsburgh; Portland, Ore.; San Antonio; San Francisco; St. Louis; St. Paul, Minn.; Seattle; and Washington. Cisneros managed pension investments before joining President Clinton's Cabinet. He told Congress last week he is studying a variety of ways to "harness the energy and financial resources of the private sector" to help improve the quality of life in inner-city communities. Pension funds contain about $4 trillion in retirement savings for 50 million Americans, according to AFL-CIO and administration estimates. The AFL-CIO's pension trusts have combined assets of more than $1 billion from 350 pension programs, the savings of more than 5 million people, director Stephen Coyle said Monday. The labor federation is devoting about 40 percent of its investment business to the program, Coyle said. The AFL-CIO's housing and building trusts produced 3,000 units of housing last year and 2.3 million square feet of commercial and industrial space over the past five years. In any category on the domestic agenda, we need capital. Pension funds are a great potential resource. —Stephen Coyle pension fund director of the AFL-CIO "In any category on the domestic agenda, we need capital. Pension funds are a great potential resource," Coyle said. "We give people competitive returns, safe investments. But also we are working with communities. We want to be a steady and serious player in this local housing development picture." From 1989 until last year, Cisneros managed $525 million in pension funds and other assets as chairman and chief executive of Cisneros Asset Management Co., an investment firm. He stepped down to take the HUD job, and his expertise "has helped tremendously," Coyle said. "The dialogue accelerated when he personally got involved," Coyle said. According to a draft proposal on the program, AFL-CIO pensions would provide $500 million to $660 million. An extra $550 million would come from local, state or federal governments and private sources. That money would be used to build or renovate 10,000 to 12,000 units of housing, generating 10,000 to 15,000 new construction and construction-related jobs. "The jobs are union jobs," Coyle said. And, he said, the AFL-CIO's investors would get "safe, competitive and secure returns." The yield for the one-, three- and five-year periods ending March 31 ranged between 11 and 12 percent, he said. WASHINGTON DIGEST Senate Oks new cabinet department WASHINGTON — The Senate voted last week to elevate the Environmental Protection Agency to aCabinet-leyel department, giving it a new name and more clout. Senators' voj$d 79-15 to create the Department of the Environment. Noting the United States is the only major country without a high level environment department, the bill's supporters argued the Cabinet agency would have a larger role in forming policies and coordinating activities of other federal agencies. Sens. Dianne Feinstein and Barbara Boxer, both D-Calif., voted for the new department. Critics opposed provisions that they said would lead to more stifling regulations on businesses, and take away authority from the Interior Department and other government bodies that handle air and water protection. Tech centers killed The House killed an amendment that would force government- supported technology centers to wean themselves from the federal budget. Hamburg voted against the amendment. Debate came as lawmakers considered a bill that includes money to continue/supporting "mahufac- ' taring technology centers,""that help small businesses learn hew technologies. Rep. Dana Rohrabacher, R- Calif., argued that when the centers were formed in 1988, it was planned they would become self- sustaining within six years through developing partnerships with private industry. Instead, the government has continued to support them. His amendment would have cut off government support to the centers after six years, forcing them to attract private money or close. Critics said the "self-destruct" amendment would discourage companies from participating in the centers, defeating their purpose from the start. Rohrabacher's amendment was killed, 201-221. By Steve Tetreault Journal Washington Bureau MAKE WAVES ov. Ju«t $47,99 for « limited tlm».« CANINE COMPANIONS Roly SJuipe-Bruh/The Drily Journal No, that's not a tasty tidbit Mendoclno County Sheriff's deputy Mark Harrison Is holding for his German shepherd police dog, Banjo, to examine. It's Cha Chi, a 3-month-old Yorkshire terrier, who Is not particularly confident of his own safety at the moment. The dogs and their owners were visiting the Pet Fair Saturday at Uklah High School. The pup won't grow up to be very big — his dad only weighs 3 pounds. Hazardous living conditions in immigrant neighborhoods Santa Rosa ticket agent jailed for embezzlement SANTA ROSA (AP) — A former United Airlines ticket agent was jailed on $100,000 bail, suspected of using her computer to embezzle $390,000 in first-class tickets for herself, relatives and friends. Susan Jannette Turner, 26, turned herself into Sonoma County sheriffs deputies Monday. She is suspected of embezzling air travel from United Express in Santa Rosa and United Airlines. In less than two years, she'd arranged for more than 20 friends AUTO REPAIR and TRANSMISSION ISMOG CHECK L, m la +$7 Certificate ^ "1637-D S. Main St.. Willits 459-1853 call lor appoinlmenl and relatives to fly to Alaska, Hawaii, the East Coast, Mexico, Europe and Australia, said Sgt. Bruce Rochester. "That's about all the routes there are," Rochester said. "Everything was first-class." By MICHAEL WHITE The Associated Press LOS ANGELES — Hazardous conditions in an apartment building where 10 people were killed by fire (his past week are commonplace in the burgeoning immigrant neighborhoods of America's new melting pot. Throughout the nation's second- largest city, thousands of Hispanic newcomers in search of a better life in "el norte" are crowded by poverty into filthy, firetrap housing, activists and city officials say. "Pick any building in the area here... probably the only ones that are up to code are the new buildings," said Oscar Andrade of the immigrant advocacy group El Rescate. "But the old type, slum buildings won't have any type of equipment, from alarms to sprinkler systems." For many, the danger of fire is compounded by faulty wiring, bad plumbing and vermin that infest neglected buildings. "The smoke detector doesn't work. There are cockroaches and many rats," said Thcrese Marcial, a Mexico native who shares a one- room apartment with two children in a crumbling building just west of downtown. "They crawl up from the floor at night, from under the linoleum," she said in Spanish. Immigrants aren't the only people in Los Angeles who live in hazardous, substandard housing. But because they frequently arrive in the United States with little money and lack knowledge of English and the law, they have become the most common victims of negligent and abusive landlords, said Fire Department Battalion Chief Dean Cathey. "All of those contribute to these conditions continuing to exist in some measure," said Cathey. "There's reluctance for financial reasons and others of the owners to carry out their responsibilities ... to exploit people and not to provide for their safety." For some, it has turned the American dream into a nightmare. Ten immigrants from Mexico and Central America were killed or fatally injured and another 40 suffered non-fatal injuries last Monday when an arson fire swept through an apartment building in the heavily Hispanic Westlake area. Fire doors were propped open, smoke detectors didn't work and alarms didn't function properly, investigators said. The problems were pointed out to the manager by fire officials who responded to two smaller fires at the building on April 10 and April 12, but nothing was done to remedy the situation, said Cathey. For Mrs. Marcial and her daughters, fire hazards aren't the only danger at their Wilshire District apartment building. The daughters, one paralyzed from the neck down since birth, displayed bites on their arms and stomachs which they say are from insects that crawl into their beds at night. "The owners should put themselves in my position," said daughter Terry Orozco, 19, from her wheelchair. "Sometimes at night I have things crawling on me and I can't get them off because I can't move." Josefina Guzman, who lives in the same building as Mrs. Marcial, said she pays $305 a month for her one-room apartment which is infested with roaches and black widow spiders. The sink, shower and fire alarm don't work and her pleas for repair have gone unheeded. "They say there is no money for repairs," she said. "They're not interested. They're interested in money, but not in fixing things." The owner of their crumbling building, Allied Union Partnership and its six individual partners, have been charged with 40 misdemeanor housing code violations. "Studio 3 Presents" has moved to channel 50 KFTY Wednesdays at ll:30am - Featuring Chef's Review, Showcases and Regional news UKIAH 4 Theatre Bargain Matinee Every Wednesday (or movies starting before 5:30 PM Senior citizens (Age 62 and over..,^.,.^$3,50 General Admission ,.,4.^..,.,. ¥ . 1 »,.,.Mv-..'<f«-«>-!"$S^50 children (12 and under),.*..............—.......$3*50 THE'ADVENTURES -OF HUC1 052 SUN, WED-1:00-5:00-9:00 MOM, TUE.THUR-7:15 BORT REYNOLDS SUN, WED -3:05 -7:05 WON. TUE.THUR-9:15 DRHGOll THE BRUCE LEE STORY THE LEGEND. EE3 SUN. WED -1 flO • 3:05 • 5:10 • 7:15 • 920 MON,TUE,THUR-7:00-9:05 They're rough... They're tough... SUN, WED-1:10- 3:10-5:10-7:10- 9:10 MON.TUE.THUH-7:10-9:10 IMPORTANT NOTICE: PARKING LOT CLOSED FOR REPAIR MAIN OFFICE CORNER OF STATE & PERKINS Our parking lot will be closed for repair (weather permitting) at 1 p.m. on Wednesday, May 12. It will reopen the following morning. WE REGRET ANY INCONVENIENCE Sauings Bank OF MENDOC1NO COUNTY A Full Service Commercial Bank iri Member FDIC Start your evening with KFWU-TV's NORTHSTATE NEWS at 5:30 P.M. Then stay tuned lor ABC'S WORLD NEWS TONIGHT with Pet, 7:30 TON16HT...SUZANNE HOSTS THE BREATS AT THEIR BREATEST! Full House QOC l Tull House 8:30 Hangin'With Mr. Cooper E2I Roseanne 10:00 11:00 • PECIAL HfiWfJUyv, Home Improvement More Of The Best Of The Hollywood Palace Hosted by Suzanne Somers Horthstate News Sandra Geist

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