Headline: TRIBUTE
TO A WOMAN WHO LEFT A LEGACY OF CITY HOMEOWNERS
Reporter: By Gregory Freeman
Publication: ST.
LOUIS POST-DISPATCH
Last Printed: Sun., July 7, 1996
Section: WAR PAGE, Page: 6B, Edition: FIVE STAR LIFT
JUSTINE PETERSEN
may not qualify for sainthood, but a lot of folks considered her an angel.
Petersen,
57, died of a heart attack last month. Many poor people searching for the American
dream hope that the enthusiasm Petersen brought to her efforts doesn't die with
her. Most St. Louisans never heard of Petersen. But to many poor people in search
of that first home, Petersen was a godsend.
She attended Bryn
Mawr College and graduated from Washington University. Many described her as
a smart, shrewd woman who could have been anything she wanted. Instead, she
chose to work as an advocate for poor people trying to buy homes.
Since the late 1960s, she worked in programs that helped people
with little money in St. Louis and St. Louis County buy and maintain homes.
For the last two years, she was a co-founder and director of operations of the
St. Louis Reinvestment Corp., which pressures banks to improve lending to poor
people and to help them with financing and closing costs.
Petersen was a former inspector with the St. Louis Housing Authority
and also a former director of housing for the Association of Community Organizations
for Reform Now (ACORN).
Martie Aboussie
got to know Petersen when she was at ACORN. Aboussie, the city's 9th Ward alderman,
had been skeptical of ACORN and its tactics.
"I
felt that they never wanted to reason with you, to simply discuss what they
wanted to do and take the time to work out details, " he said. "Instead,
they always wanted to threaten you."
With
skepticism, he first met Petersen about five years ago, when she wanted to discuss
a home-ownership idea that ACORN was pushing. The program needed city money.
"As
soon as she opened her mouth, I listened, " Aboussie said. "The more
she talked about it, about her hopes, dreams and desires to get homeownership
for people who couldn't come up with a down payment but who had enough to make
monthly payments and maintain a house, the more I was impressed.
"I
could tell she knew what she was talking about and that she had the heart and
will and soul to get it done, " he said.
Aboussie,
chairman of the powerful Housing, Urban Development and Zoning Committee, shepherded
the program through the Board of Aldermen and secured the funding.
So
impressed was Aboussie with Petersen that he made her an unofficial housing
adviser. "When housing projects and ideas came my way, I'd call her for
advice because she had the knowledge, " he said.
At times, when
ACORN would fall short of money, Petersen would forgo her paycheck - and work
just as hard. In an interview last year about the people she worked with, Petersen
said: "These are the people who faithfully meet their rent payments month
after month but never get to own the asset they've invested in."
She
was a pioneer in getting poor people into homes, and several other cities looked
upon her as a model.
"Justine
was one of those rare people, " said one friend, Maureen McMillan. "She
worked night and day on this because it was something she believed in. It wouldn't
be an exaggeration to say that she worked 18 hours a day - and she basically
worked without pay for some time after she left ACORN and set up the St. Louis
Reinvestment Corp.
"When
she didn't have time, she made time, trying to sort out the problems of her
clients and helping her staff, " McMillan said. "She got banks and
savings and loans to do things that had been unheard of before, all because
she passionately believed that low-income people deserved a shot at owning a
home."
Rob Boyle, real
estate director for St. Louis Reinvestment, said one thing that made Petersen
special was that "she was an unbelievably forceful woman who had no ego."
"She'd
walk into meetings with bankers and suits wearing a sweat shirt and blue jeans,
" Boyle said. "She made it clear to them that they had an obligation
to make loans to the people who did business with their banks. She realized
early on that if she was going to be effective, she had to learn more about
lending than the lenders, and she set out to learn everything she could."
Boyle
called Petersen "the guru, the idea person behind all that we do."
St.
Louis Reinvestment will continue, Boyle said. "It's our obligation to carry
on Justine's work, " he said.
Her spirit, though, is irreplaceable.
Gregory Freeman's
column appears Sunday, Tuesday and Friday... <deleted>
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