Oregon financial advisor accused of defrauding senior citizens in real estate Ponzi scheme

The former owner of an Oregon investment firm convinced senior citizens to invest in rehabilitating Portland-area houses but actually misappropriated their money to pay earlier investors and took more than $500,000 of the funds for himself, the Department of Justice claims. The U.S. Attorney’s Office for the District of Oregon announced this week that it […]

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A Portland Apartment Complex Became a Refuge for Immigrants. Its New California Owner Is Offering Them Quick Cash to Get Out.

A Portland Apartment Complex Became a Refuge for Immigrants. Its New California Owner Is Offering Them Quick Cash to Get Out.Rath Sok moved to Portland 32 years ago. She left the city this month after her landlord paid her to move. (Walker Stockly) For the past 18 months, the Portland City Council has gone to […]

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Portland Developers Could Collect Tax Breaks Through Expanded Affordable Housing Program – the Business Journals

Tim O’Brien’s Urban Asset Advisors had hoped to tap into an affordable housing tax abatement program for its Multnomah Village Apartments project, a 70-unit development that recently wrapped up construction. The program, run by the Portland Housing Bureau and known as the Multiple-Unit Limited Tax Exemption program, offers developers a 10-year property tax exemption if […]

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