PORTLAND, Oregon — Two affordable housing developments in Portland are receiving financial support from Portland City Council with the goal of increasing Black homeownership in some of the city’s historically Black neighborhoods.
City councilors voted unanimously Wednesday to approve $2.5 million that will help subsidize home purchases for Black families in two separate developments currently planned in Portland.
City leaders said the ordinance is intended to expand access to homeownership for families earning below the area median income while addressing the legacy of displacement among Portland’s Black communities…