The Portland City Council on Wednesday evening voted to approve an ordinance that will allocate $55.9 million to the Portland Housing Bureau‘s budget for the 2025-2026 fiscal year. Unbudgeted bureau funds total more than $106 million.
Appropriations will be made to three Portland Housing Bureau funds: $40.4 million to the Housing Investment Fund, $4.8 million to the Tax Increment Fund, and $10.7 million to the Inclusionary Housing Fund. Separately, $4 million will go to the city’s general fund.
“Each of these tranches, we would develop programs for that,” said Donnie Oliveira, deputy city administrator for community and economic development. “In some cases, we would develop best practices.”…