PORTLAND Ore. (KPTV) – The Portland Housing Bureau (PHB) is buying three existing apartment buildings (Goose Hollow Lofts, Paramount Apartments, and Acqua Apartments) with plans to convert them into 226 affordable housing units by the end of the summer.
This move is part of an effort to address the city’s housing crisis, according to a statement from PHB.
Goose Hollow Lofts will be funded by the Metro Affordable Housing Bond, while the Paramount and Acqua Apartment are being financed with Tax Increment Financing.
“Safe, secure, and affordable housing is the end goal for all Portlanders who pass through our City’s shelter and outreach systems,” said Mayor Keith Wilson. “The addition of 226 affordable homes on an expedited timeline is a huge win for Portland.”…