Portland’s growing pile of unspent housing funds surged Friday to $106 million, the city’s top bureaucrat said in an extraordinary disclosure.
The announcement by City Administrator Raymond Lee caps a series of revelations about money sitting unused in various Portland Housing Bureau coffers, first reported by The Oregonian/OregonLive last November and initially believed to be about $21 million.
And it comes as Portland grapples with a prolonged homelessness and housing crisis while it faces a series of fiscal challenges…