Portland Housing Bureau -- Intro

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City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development > Portland Housing Bureau Portland Housing Bureau Budget Revenues by Major Object 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed External Revenues Bond & Note Proceeds $41,065,000 $0 $25,525,560 $0 Charges for Services $8,761,749 $10,945,390 $11,795,201 $8,942,662 Intergovernmental $83,214,059 $83,727,793 $131,806,007 $90,384,614 Miscellaneous $17,607,283 $21,864,624 $14,750,442 $12,178,336 Miscellaneous Fund $0 $0 $30,056,230 $34,364,414 Allocation Taxes $4,467,469 $3,742,316 $4,130,887 $4,092,924 Internal Revenues Beginning Fund Balance $123,065,859 $150,488,640 $8,015,850 $112,197,152 Fund Transfers - $3,492,594 $3,248,672 $3,286,762 $847,056 Revenue General Fund $37,262,000 $39,918,076 $36,554,448 $13,320,314 Discretionary Grand Total $318,936,013 $313,935,512 $265,921,387 $276,327,472 Expenses Expenses by Major Object 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed Bureau Expense $169,470,731 $175,099,270 $258,990,447 $187,158,625 Personnel $11,946,210 $13,710,555 $17,045,195 $16,194,887 External Materials and $153,584,030 $157,379,524 $237,569,338 $162,274,139 Services Internal Materials and $3,915,841 $4,008,900 $4,375,914 $8,689,599 Services Capital Outlay $24,650 $290 $0 $0 Fund Expense $4,129,800 $4,491,490 $6,930,940 $89,168,847 329

City of Portland Fiscal Year 2026-27 Proposed Budget 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed Debt Service $1,702,120 $1,497,959 $1,607,055 $1,511,024 Contingency $0 $0 $2,788,100 $85,943,568 Fund Transfers - $2,427,680 $2,993,532 $2,535,785 $1,714,255 Expense Unappropriated $150,488,640 $147,873,655 $0 $0 Ending Fund Balance $150,488,640 $147,873,655 $0 $0 Grand Total $324,089,171 $327,464,416 $265,921,387 $276,327,472 Expenses by Program Offer 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed Administration & Support $272,698 $18,417 $0 $0 Administration and Support $0 $16,166,732 $22,115,910 $25,107,230 Affordable Multifamily $0 $106,868,573 $163,144,325 $201,936,192 Development Bureau Administration $7,032,733 $494,659 $0 $6,216 Data Analytics and System $1,039,225 $17,711 $0 $0 Director's Office $66,976,349 $59,433,811 $0 $0 Economic Opportunity $2,255,523 $2,180,932 $2,169,719 $2,137,173 Initiatives Equity and Engagement $169,200 $161,744 $247,468 $257,550 Fair Housing $4,403 $0 $0 $0 Healthy Homes $1,330,893 $44,949 $0 $0 Homebuyer & Foreclosure $53,897 $0 $0 $0 Education/Counseling Homebuyer Financial Svcs $3,630,975 ($59,562) $0 $0 Homeless Services $0 $9,317,787 $0 $0 Homelessness Diversion $580,997 $3,606,203 $5,374,900 $0 Homeowner Access and $0 $9,963,568 $13,673,685 $14,555,676 Retention Homeowner Retention Svcs $4,579,038 ($3,064) $0 $0 Homeownership $310,793 $352 $0 $0 Homeownership $242,140 $2,455 $0 $0 Development Housing Development $3,612,853 ($189,990) $0 $0 Support Housing Production & $43,892,206 $49,438,608 $0 $0 Preservation Inclusionary Housing $35,336,878 $34,421,868 $1,871,956 $2,048,365 Metro GO Bond Multi Fam $47,965,106 $51,878 $24,090,016 $0 Rent Prj Finance New Construction $516,706 $0 $0 $0 NewAffordableRentalHomes $17,519,932 $224,109 $0 $0 330

City of Portland Fiscal Year 2026-27 Proposed Budget 2023-24 Actuals 2024-25 Actuals 2025-26 Revised Budget 2026-27 Proposed PDX GO Bond Multi Fam $26,540,327 $568,009 $0 $0 Rental Prj Finance Planning & Policy $795,016 ($77) $0 ($466) Preservation $10,977 $0 $0 $0 Preservation & Asset Mgmt $45,094 $1,059 $0 $0 Property Management $6,894,549 $951,862 $0 $0 Rapid Re-housing $0 $0 $0 $0 Rehabilitation $6,705,556 $6,342,207 $0 ($101) Relocation Admin $10,156,437 ($234,941) $0 $0 Rental Services $1,799 $0 $0 $0 Rental Services Policy and $150,617 $237 $0 $0 Planning Rental Srvcs Pol and Plan $0 $7,539,034 $10,948,026 $27,236,795 Safety Off The Streets $24,305,136 $14,042,301 $16,817,159 $743,275 Schools, Families, and $0 $670,043 $0 $0 Housing Supportive Housing $11,161,116 $5,241,531 $5,468,223 $2,299,567 System Support Services $0 $181,411 $0 $0 Grand Total $324,089,171 $327,464,416 $265,921,387 $276,327,472 Positions - FY 2026-27 Proposed Budget FTE Accountant I 1.0 Accountant II 1.0 Administrative Specialist II - CPPW 1.0 Administrative Specialist III - CPPW 1.0 Analyst I - CPPW 2.0 Analyst II - CPPW 3.0 Analyst III 2.0 Analyst III - CPPW 1.0 Analyst IV 1.0 Capital Project Manager III 1.0 Coordinator IV 3.0 Deputy Director II 1.0 Director II 1.0 Financial Analyst III - CPPW 2.0 Housing Administrative Specialist, Sr 3.0 Housing Business Systems Analyst 1.0 Housing Business Systems Analyst, Asst 1.0 Housing Construction Coordinator 3.0 331

City of Portland Fiscal Year 2026-27 Proposed Budget FTE Housing Construction Coordinator, Sr 5.0 Housing Financial Analyst 2.0 Housing Financial Analyst, Assistant 1.0 Housing Lead Grant Program Coordinator 1.0 Housing Loan Compliance Analyst 1.0 Housing Loan Coordinator, Sr 3.0 Housing Management Assistant 2.0 Housing Portfolio Finance Coordinator 5.0 Housing Program Coordinator 17.0 Housing Program Specialist 10.0 Housing Program Specialist, Assistant 6.0 Manager I 1.0 Manager II 2.0 Office Support Specialist II 1.0 Supervisor II 2.0 Grand Total 88.0 Performance Performance Metrics - Fiscal Year FY 2022 - FY 2023 - FY 2024 - Program Offer Measure Polarity 23 24 25 Bureau-wide HOUSING COSTS: Percentage of households spending Lower Is 40.6% 39.4% 39.4% more than 30% of income on housing costs Better Bureau-wide AFFORDABLE HOUSING: Percentage of Portland’s Higher Is 8% 8% 8% housing units that are regulated and affordable to Better households Bureau-wide CITY-FINANCED CONSTRUCTION: Number of nanced Higher Is 5 5 7 housing programs and projects for construction Better Bureau-wide HOUSEHOLDS ASSISTED: Number of households Higher Is 22,940 28,403 29,417 assisted by City-funded homeowner or rental Better assistance programs Bureau-wide AFFORDABLE HOUSING PRODUCED: Number of Higher Is 4,076 4,446 3,514 housing units produced and in progress receiving City Better or Prosper support Rental Srvcs Pol and Number of households provided legal services for No Polarity 1,441.0 1,772.0 1,588.0 Plan housing access or stabilization 332

City of Portland Fiscal Year 2026-27 Proposed Budget Performance Metrics - Calendar Year Program Offer Measure Polarity 2022 2023 2024 Affordable Multifamily Affordable housing units preserved Higher Is 317.0 129.0 150.0 Development Better Affordable Multifamily Rolling three-year average of total units opened and Higher Is 849.0 902.0 858.0 Development preserved Better Affordable Multifamily Average investment per rental housing unit Do Not $136,000.0 $140,000.0 $150,000.0 Development Display Affordable Multifamily Percentage of housing units opened or preserved in Higher Is 66.0% 65.0% 60.0% Development high opportunity areas Better Affordable Multifamily Percentage utilization of minority, women, and Do Not 32.0% 30.0% 30.0% Development emerging small business contracts in housing Display construction (contract $ awarded) Affordable Multifamily Percentage utilization of minority contracts in Do Not 14.0% 17.0% 18.0% Development housing construction (contract $ awarded) Display Homeowner Access and Count of households receiving homebuyer education Higher Is 1,277.0 1,187.0 1,443.0 Retention or counselling Better Homeowner Access and Percentage of households receiving homebuyer Higher Is 16.0% 10.0% 17.0% Retention education or counseling and subsequently Better purchasing a home Homeowner Access and Number of households receiving home repairs Higher Is 502.0 542.0 543.0 Retention Better Homeowner Access and Percentage of households receiving home repairs Higher Is 85.0% 90.0% 90.0% Retention and retaining their homes 12 months after services Better Homeowner Access and Percentage of low-income (0-80% AMI) households Do Not NA NA 90.0% Retention receiving PHB homebuyer subsidy Display Inclusionary Housing Percentage of privately developed residential units Do Not 10.0% 8.0% 7.0% permitted as affordable through the Inclusionary Display Housing (IH) program Inclusionary Housing Percentage of Inclusionary Housing (IH) units Do Not 50.0% 72.0% 63.0% affordable at 60% AMI or below Display Inclusionary Housing Percentage of family sized Inclusionary Housing (IH) Do Not 22.0% 45.0% 26.0% units permitted Display Rental Srvcs Pol and Plan Percentage extremely low income (<30%AMI) Do Not NA NA 78.3% households served through legal services Display Rental Srvcs Pol and Plan Number of individuals provided landlord/tenant Do Not 7,088.0 6,881.0 1,588.0 education, informational or referral services Display Rental Srvcs Pol and Plan Percent of surveyed individuals provided Higher Is 95.0% 98.0% 88.2% landlord/tenant education that self-report increased Better understanding of local policy and regulations Rental Srvcs Pol and Plan Number of households provided in-depth housing Do Not 1,075.0 772.0 865.0 stabilization services by community partners Display Rental Srvcs Pol and Plan Number of dwelling units registered with rental Do Not 81,346.0 127,597.0 138,206.0 registration Display 333

City of Portland Fiscal Year 2026-27 Proposed Budget Overview To achieve the City’s housing goals, Housing Bureau finances the construction and preservation of affordable housing through both direct financing as well as indirect subsidies, such as tax exemptions and fee waivers. Bureau-funded housing is required to remain affordable at targeted incomes for up to 99 years. The Housing Bureau currently regulates a portfolio of 19,000 units of affordable housing throughout the city. The Bureau also funds programs to increase homeownership for vulnerable and Black, Indigenous, and People of Color (BIPOC) communities, including down-payment assistance loans and homebuyer education. To prevent displacement, the Housing Bureau uses a variety of strategies to stabilize vulnerable renters and homeowners, especially in North/Northeast and East Portland, as well as promoting low- to moderate-income homeownership opportunities. Strategies include supporting and implementing new tenant protections, funding legal services, and providing home repair grants and loans to help low and moderate-income homeowners retain their homes. The bureau also coordinates on the North/Northeast Neighborhood Housing Strategy, and Tax Increment Financing (TIF) district planning – including the Cully TIF district and the six new TIF districts in Central City and East Portland, adopted by the City Council at the end of 2024. Summary of Budget Decisions PHB’s proposed budget includes reductions to General Fund resources, as well as the redirection of pass-through funding in the amount of $30,546,033 in General Fund and a reduction of $263,411 from the Recreational Cannabis Fund. These dollars have historically gone to Multnomah County’s Homeless Services Department and will now be routed to support Portland Solutions initiatives, with no implications for PHB’s operations or programming. In terms of reductions, PHB has proposed the elimination of 2.0 FTE positions in the Strategic Analytics team, resulting in $298,513 of savings. The loss of these positions will slow the bureau’s ability to integrate work related to initiatives such as the Unified Housing Strategy, implementation of the social housing study, and the upcoming Inclusionary Housing calibration study. A $251,980 reduction to the Interagency Agreement with the Bureau of Technology Services, resulting in a loss of 1.0 FTE that will reduce the bureau’s ability to design targeted software solutions, particularly related to its housing financing work. A $154,289 reduction to External Materials and Services, including a 20% reduction in travel and training and a reduction in discretionary spending (office supplies, meetings, advertising, professional services, and computer supplies) can be absorbed without significantly impacting service delivery. A $520,892 reduction in General Fund support for Legal Services and 1.0 FTE will be offset by reallocating costs to other eligible funding sources, again minimizing disruption to service delivery and bureau staffing levels. 334

Parent: Portland Housing Bureau