Portland to open affordable housing for displaced residents

PORTLAND, Ore. (AP) – Dozens of Portlanders whose families were displaced by city-sponsored urban renewal in North and Northeast Portland will soon move into the first affordable housing development to open under the city’s preference policy.

The Oregonian/OregonLive reports the 26.7 million Beatrice Morrow Cannady building opened Thursday.

The policy is intended to provide housing for people with historical ties to the predominantly black neighborhoods targeted for urban renewal in the beginning in the 1960s.

Its 80 apartments, most of them with two or more bedrooms, will be rented to families making no more than 60 percent of the area’s median income — $49,000 for a family of four in 2018.

Demand far exceeded the building’s capacity, city officials said. They received more than 1,500 applications over the course of two weeks for the building and a second one under construction.

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Information from: The Oregonian/OregonLive, http://www.oregonlive.com