City Code Section
(Amended by Ordinances 186028 and 191973, effective January 1, 2025.)
- A. When the owner of a local preservation project takes action that will make the affordable housing no longer affordable, whether the affordability requirements that were established under prior agreement with the City, Prosper Portland or State have expired or are still in effect, the owner must provide a notice of 90 days to the City. The notice must meet standards developed by PHB. During the 90-day notification period, the owner may not sell or contract to sell the property, but may engage in discussions with other interested parties. Within this period, the City or its designee may make an offer to purchase or attempt to coordinate a purchase by an owner committed to maintaining affordability.
- B. Owners of local preservation projects who have decided to take action described in Subsection 30.01.080 A. must provide a notice of 90 days to tenants. This is in addition to the City notice to be provided to the City under Subsection 30.01.080 A. During this notice period the Owner may not initiate a no-cause eviction. The notice must meet standards developed by PHB.