PORTLAND, Ore. (KOIN) — Lake Oswego is not known for being a budget-friendly option for those looking for a place to live in the Portland Metro area. However, dozens of affordable apartments and homes are coming to that area.
The city just broke ground on the El Nido Affordable Housing Project. When completed, the development will provide 55 one-to-three-bedroom units for rent to families with income no more than 60% of the area median income — including one-person households who make less than $49,560 per year and four-person homes with an annual income of less than $70,800 per year.
The city says the project comes in response to Oregon’s housing shortage…