"The Portland Housing Bureau has found additional unspent dollars in its coffers, adding to the previous $21 million it found through an audit last year. It is unclear exactly how much money is in the fund, but Council President Jamie Dunphy called councilors over the weekend to tell them they would soon learn of the specifics of what was found in the Housing Investment Fund. He told the Mercury February 2 that he did not yet know how much total funding was available."
"News of the unspent money comes just over two months after city councilors learned the city's Rental Services Office had amassed about $21 million in rental services fees paid by landlords, which went unreported for months. The newly uncovered Housing Bureau revenue is collected through two streams: the city's transient lodging tax-taxes paid by hotels and booking agents-and short term rental fees from operations like AirBnB."
Portland's Housing Bureau located additional unspent dollars in the Housing Investment Fund, adding to a previously uncovered $21 million. Council President Jamie Dunphy notified councilors and said the total amount is unclear but in the millions; he expected a memo from Mayor Keith Wilson outlining specifics. The newly identified revenue comes from the city's transient lodging tax and short-term rental fees. The funds may affect two upcoming council items: an investigation resolution into when the initial funds were discovered and a contentious 'Slow the Inflow' homelessness-prevention resolution. Councilors are weighing allocations between rent assistance and funding a 230-unit Prosper Portland project.
Read at Portland Mercury
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