Posted Aug 14, 2013, 12:53 PM
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Join Date: Apr 2004
Location: Portland
Posts: 2,788
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Beaverton set to lease city-owned land for affordable housing project
Quote:
Two housing developers are expected to lease city-owned land next month as plans move forward to build an affordable-housing project in downtown Beaverton.
The city council will vote in August on leasing the city block surrounded by Southwest First Street, Southwest Lombard Avenue, Southwest Second Street and Southwest Chapman Avenue for at least 75 years to Community Partners for Affordable Housing and developer Roy Kim.
Community Partners, which plans to build 48 units of affordable housing on the site, would pay $20 a year. Kim, who plans to build 44 residential units along with retail and office space, would pay market-rate rent.
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