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Posted inNews

After Months of “Political Football,” Council Funds Housing for Black Portlanders

The individual projects enjoy broad support, but conflicts over funding sources, process, and transparency could be a recurring issue.
Avatar photo by Jeremiah Hayden

Two Portland housing development projects that have become a “political football” in recent months crossed into the end zone after city councilors finally approved their funding. In a 10-2 vote Wednesday, June 3, Portland City Council allocated $2.5 million in city funds to two homeownership development projects: one at the corner of Northeast Williams and […]

Posted inNews

Ritz Carlton Building Owner To Finally Pay City For Affordable Housing Projects

An amendment to the building owner’s city contract requires deposits by the end of the year, or the city can collect the balance in full.
Avatar photo by Jeremiah Hayden

The city of Portland has finally reached an agreement with owners of the downtown Ritz Carlton building that will add nearly $8 million in funding for the city’s affordable housing projects.  The city and Ready Capital signed an amended agreement March 20 ensuring the city will see $7.76 million plus interest to use for affordable […]

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