Saturday, December 11, 2010

Long Delayed South Waterfront Affordable Housing Project To Take Step Forward this Week.

Daily Journal of Commerce story is HERE; actual development agreement referenced in the story is HERE.  From news story:
REACH Community Development will develop the project and relocate its offices and 50 employees to the building’s ground floor...The building will be 6 stories tall. Out of 209 housing units there, 42 will be leased to homeless veterans. The remaining units will be available to people making between 0 and 50 percent of the median family income.

(I am guessing that the 42 units of housing for homeless veterans may  use project based HUD vouchers, or another type of HUD funded HAP administered rent subsidy program, using their Moving to Work authority).

Originally created and posted on the Oregon Housing Blog.

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