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Council approves IGA with TriMet to advance Willow Creek Park-and-Ride affordable housing project
Summary
Council approved an intergovernmental agreement with TriMet that will make roughly 2.92 acres at the Willow Creek Park-and-Ride available for an affordable-housing developer; the city reserves remaining Metro housing bond funds to support at least 110 affordable units.
The council approved an intergovernmental agreement (IGA) on Feb. 18 with TriMet to advance an affordable-housing project at the Willow Creek Park-and-Ride (adjacent to the Willow Creek MAX station). TriMet will offer about 2.92 acres at the north end of the site to a developer selected through a competitive request-for-proposals process; the negotiated land sales price in the IGA is $1,250,000 (staff said the appraised value exceeds $3,000,000).
The city will reserve its remaining Metro housing bond…
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