PORTLAND, Ore. - Washington Mutual Savings Bank said it will invest $4 million in two programs to develop affordable housing in the Northwest over the next several years.

The bank said it will invest $2 million in the 1993 Oregon Equity Fund, which will use the money to develop affordable housing in Oregon. A Washington Mutual spokesman said the bank will receive returns from the Oregon Equity fund on a project-by-project basis.

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