Somehow, Portland Is Sitting on $106 Million in Unspent Housing Dollars

Portland’s Housing Bureau has $106 million in unspent housing funds, far exceeding the $21 million initially reported and the $40 million figure disclosed by City Councilor Loretta Smith. City Administrator Raymond Lee revealed the total in a Friday memo but offered little explanation for how such a large sum accumulated without being used to address the housing crisis. City councilors are now demanding answers about how the bureau failed to budget and spend these resources.