Though the cafe in Southeast Portland may not cut the check until this Wednesday, Langley said the building purchase is on for an owner-financed deal. The deal calls for the Red and Black to pay $500,000 for the two-story building at 400 SE 12th Ave. The cafe will continue to occupy the first floor. The upstairs space, currently occupied by offices, will be converted into low-income group housing for a half-dozen residents.
Future resident Emily Kamm said occupants will begin moving in this week.