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North Bend OKs exclusive negotiations with Related Northwest for 230 Main affordable housing
Summary
Council authorized an exclusive negotiation agreement with Related Northwest to advance development of an affordable housing project at 230 Main; the ENA expires Dec. 31, 2025 and can be extended, and the developer will bear due‑diligence costs subject to a possible $250,000 reimbursement if the city withdraws without cause.
The City of North Bend on April 1 authorized the mayor to execute an exclusive negotiation agreement (ENA) with Related Northwest to develop an affordable or “attainable” housing project at 230 Main Avenue North.
Background: the city purchased the property in December 2023 with the stated intent to work with a developer to create housing aimed at local needs. A June 2024 RFP produced recommendations from an advisory committee of public and private stakeholders; Related Northwest was the committee’s recommended developer.
Terms and next steps: the ENA gives Related Northwest an exclusive period to…
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