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Mississippi Ave Lofts qualifed for Federal Low Income loan

The controversial Mississippi Ave Lofts received a federal low income loan from The Albina Community Bank. I reread it several times because I couldn't believe my eyes. I think there is something terribly wrong with a high end condo project such as MAL, with 721 sq ft studios selling just below 300,000 and housing high end retail stores like Pastaworks, qualifying for a federal loan for low income communities.

Not only are they high end, but these developers have a documented track record of trying to bend rules and being less than honest in their drive to capitalize as much as they possible even in spite of community opposition. Then after they finally get their way (city capitulates, big surprise) they hire Gray Purcell a non-union, hire anybody off the streets(literally), company.
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