A Portland housing nonprofit is selling dozens of its rentals. Low-income tenants could be the buyers

Published on: 10/13/2025

This news was posted by Oregon Today News

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Margaret Salazar, CEO of Reach Community Development, said residents who can’t afford to purchase the homes will receive relocation assistance of either $12,000 if they leave by the end of January 2026, or $7,200 if they leave by the end of that June.

Reach Community Development, one of Oregon’s largest affordable housing landlords, has finalized a $12.6 million deal to offload 66 homes, a move it says will help stem cash flow problems and help its tenants become homeowners.

News Source : https://www.oregonlive.com/business/2025/10/a-portland-housing-nonprofit-is-selling-dozens-of-its-rentals-low-income-tenants-could-be-the-buyers.html

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