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Ritz Carlton Building Owner To Finally Pay City For Affordable Housing Projects

Summary by Portland Mercury
The city of Portland has finally reached an agreement with owners of the downtown Ritz Carlton building that will add nearly $8 million in funding for the city’s affordable housing projects.  The city and Ready Capital signed an amended agreement March 20 ensuring the city will see $7.76 million plus interest to use for affordable […]

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Portland Mercury broke the news in on Wednesday, April 8, 2026.
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