Subscribe / Renew |
|
Contact Us |
|
► Subscribe to our Free Weekly Newsletter |
home | Welcome, sign in or click here to subscribe. | login |
April 17, 2015
PORTLAND (AP) — The Portland Housing Bureau has agreed to buy land for affordable housing in the Pearl District from a private developer for $1.3 million.
The bureau says a 1999 agreement with developer Hoyt Street Properties called for 35 percent of its Pearl District housing units to meet affordability standards. If the target was not met by a specific date, the city had the chance to buy land for affordable housing at a below-market price.
. . .