Affording housing project in Lake Oswego will be 'life-changing' for residents, mayor says

Affording housing project in Lake Oswego will be 'life-changing' for residents, mayor says

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 -…