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Home ownership opportunity for low-income people? Nope.

The Housing Authority of Portland will be selling a number of single-family residences and smaller multi-family residences and moving the subsidized households elsewhere in order to stay within budget, reports the Oregonian [story]. One wonders–why is there no consideration of a meaningful home-buying program to let the current tenants work on owning their home? Selling these homes to the tenants might not raise as much money as selling them to developers, but there would be that many fewer people in permanent need of subsidized assistance, which must be worth something. Right?