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

An amendment to the building ownerโ€™s city contract requires deposits by the end of the year, or the city can collect the balance in full.

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 cityโ€™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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