Unofficial mirror of City of Portland content. Always verify with the official source. View original ↗

Community & Economic Development.

Fund Summaries > Community & Economic Development. -- 33 pages · pp. 1064-1096 ↗

Intro from p. 1064 ↗

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development Funds 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Affordable Housing $44,058,477 $66,616,053 $27,463,057 $7,924,660 Development Fund Arts Education & Access $20,421,088 $21,281,758 $23,793,125 $23,671,211 Fund Cannabis Licensing Fund $3,084,909 $2,721,260 $2,546,718 $2,951,972 Children's Investment Fund $36,794,729 $39,006,835 $29,157,997 $33,784,480 Community Development $14,895,432 $7,234,315 $13,980,357 $11,192,719 Block Grant Fund Community Solar Fund $114,565 $105,258 $121,945 $133,093 Development Services $102,654,609 $105,768,928 $96,570,172 $96,323,851 Fund HOME Grant Fund $12,636,775 $7,339,128 $7,691,468 $3,781,967 Housing Capital Fund $9 $1,122 $0 $0 Housing Investment Fund $58,689,520 $50,391,356 $16,609,536 $56,341,476 Housing Property Fund $13,011,173 $13,464,940 $7,846,617 $11,350,491 Inclusionary Housing Fund $41,392,331 $38,960,370 $9,320,959 $30,063,210 PDX Clean Energy $862,397,697 $706,069,394 $962,285,139 $836,451,542 Community Benefits Fund Property Management $9,836,976 $9,337,482 $10,395,500 $12,107,478 License Fund Solid Waste Management $21,205,637 $17,313,393 $22,622,254 $20,267,783 Fund Spectator Venues & Visitor $93,893,049 $88,799,750 $58,888,883 $30,566,650 Activities Fund Tax Increment Financing $53,167,310 $41,618,106 $51,904,464 $58,983,789 Reimbursement Fund Grand Total $1,388,254,286 $1,216,029,445 $1,341,198,191 $1,235,896,372 1064

Contents

Section PDF pages Description
[doc] Affordable Housing Fund pp. 1065-1066 ↗ The Affordable Housing Fund, managed by Portland Housing Bureau, shows sharply reduced proposed spending of $7.9M for 2026-27, down from $27.5M in the prior revised budget. Established in April 2019 by City Council for Portland Bond finance activities, the fund is primarily financed through Housing General Obligation bonds. The 2026-27 budget includes $7.1M bureau expenses and $831K contingency, with revenue sourced from service charges and beginning fund balance rather than new bond proceeds.
[doc] Arts Education & Access Fund pp. 1067-1068 ↗ The Arts Education & Access Fund, voter-approved in 2012, collects a $35 annual tax from Portland income-earning residents to fund certified K-5 arts and music teachers across six local school districts. Remaining funds support the City Arts Program. The 2026-27 budget totals $23.67M in expenses with $18.58M in bureau expenses and $12.3M in tax revenue. The Arts Program distribution was increased to $3.5M.
[doc] Cannabis Licensing Fund p. 1069 ↗ The Cannabis Licensing Special Revenue Fund accounts for revenues and expenditures related to Portland's cannabis licensing program, funded by application, licensing, and violation fees from cannabis businesses. The 2026-27 proposed budget shows total expense and revenue of $2.95M with no significant changes from the prior year.
[doc] Children's Investment Fund pp. 1070-1071 ↗ The Children's Investment Fund, established in 2002-03 for Portland Children's Levy revenues and expenditures, has a proposed 2026-27 expense of $33.8M. While tax revenues are projected to decline 2.5% in 2026-27, cumulative 3-year projections increased by $2.8M. The Allocation Committee approved 95 grants totaling $71M (July 2025–June 2028). Due to increased resources, the committee voted unanimously in January 2026 to increase small grants by $1M (to $2.5M over two years) and boost large grants by 8% ($5.2M across two fiscal years) to address rising costs.
[doc] Community Development Block Grant Fund pp. 1072-1073 ↗ The Community Development Block Grant Fund accounts for HUD entitlements and loan repayments. For FY 2026-27, the fund proposes $11.2M in expenses with matching federal reimbursement revenues. The fund maintains minimal ending balances due to its reimbursement-based structure. Managed by Portland Housing Bureau, activities include loan services, disbursements, and subrecipient contracts.
[doc] Community Solar Fund pp. 1074-1075 ↗ The Community Solar Special Revenue Fund supports the Solar Forward pilot program, which installed three solar electric systems on public buildings between 2012-2014. The fund receives utility incentive payments based on energy production, continuing through 2029. BPS plans to spend down the fund balance by end of FY 2030-31 and terminate the fund.
[doc] Development Services Fund pp. 1076-1077 ↗ The Development Services Fund supports Portland Permitting and Development (PP&D), accounting for construction permit revenues and expenses. The FY 2026-27 proposed budget totals $96.3M in expenses, reflecting continued low development activity due to high interest rates and declining market confidence. Based on the PP&D Financial Advisory Committee's guidance, the current downturn is expected to extend another 24 months, with baseline revenues projected to remain flat throughout the fiscal year.
[doc] HOME Grant Fund pp. 1078-1079 ↗ The HOME Grant Fund is a federal HUD entitlement program administered by Portland Housing Bureau for affordable housing development. Portland leads a consortium including Gresham and Multnomah County. The fund operates as a reimbursement model from the federal government based on actual expenditures. The 2026-27 proposed budget of $3.8M represents a significant decrease from the $7.7M revised budget for 2025-26.
[doc] Housing Capital Fund p. 1080 ↗ The Housing Capital Fund, established by City Council in April 2017, supports capital acquisition and financing activities funded primarily by Housing General Obligation Bonds and managed by the Portland Housing Bureau. The fund showed $1,122 in 2023-24 actuals and $9 in 2024-25 actuals, but has zero budgeted resources and expenditures for both FY 2025-26 and the proposed 2026-27, as the Bureau does not plan capital acquisitions or financing during this period.
[doc] Housing Investment Fund pp. 1081-1082 ↗ The Housing Investment Fund (HIF) supports Portland's affordable housing initiatives through development, preservation, and access programs. Managed by the Portland Housing Bureau, the fund also maintains ServicePoint, a statewide homeless management system. For FY 2026-27, proposed revenue and expense total $56.3 million, with external revenues of $11.7 million and internal revenues of $44.6 million. The fund receives transfers from the General Fund based on short-term rental revenue and administers funding on behalf of Multnomah County.
[doc] Housing Property Fund p. 1083 ↗ The Housing Property Fund, managed by Portland Housing Bureau since 2016, tracks financial activity for multi-family housing property operations. FY 2026-27 proposes $11.35M in expenses ($6.15M bureau, $5.2M fund), with matching revenues of $11.35M primarily from service charges ($6.25M). Contingency allocation increased substantially to $4.27M. Beginning fund balance is $4.88M.
[doc] Inclusionary Housing Fund pp. 1084-1085 ↗ The Inclusionary Housing Fund, created by ordinance 187855, allocates Construction Excise Tax receipts and tracks the Inclusionary Housing Program. CET distribution: 4% to Bureau of Development Services for administration, 15% to Oregon Department of Housing and Community Services, 50% for finance-based affordable housing incentives, and 35% for affordable housing production/preservation at ≤60% Median Family Income. Portland Housing Bureau administers indirect programs including property tax exemptions and system development charge waivers.
[doc] PDX Clean Energy Fund pp. 1086-1087 ↗ The Portland Clean Energy Community Benefits Fund (PCEF) collects the Clean Energy Surcharge, a 1% business tax on large retailers, expected to generate approximately $200 million in FY 2026-27. The fund supports community-led investments in clean energy, energy efficiency, family-wage job creation, and household energy cost reduction. FY 2026-27 marks the transition from planning to full implementation, advancing and scaling strategic programs identified in the Climate Investment Plan. The program will support previously awarded and new community grants, including Collaborating for Climate Action grants, while continuing to strengthen fund forecasting and financial oversight.
[doc] Property Management License Fund pp. 1088-1089 ↗ The Property Management License Fund collects fees from property managers in three Enhanced Services Districts (Clean & Safe, Lloyd, Central Eastside) to fund enhanced services including security, sidewalk cleaning, transportation management, and streetscape improvements. The fund's proposed budget grows from $10.4M (2025-26) to $12.1M (2026-27), with no significant changes planned.
[doc] Solid Waste Management Fund pp. 1090-1091 ↗ The Solid Waste Management Fund accounts for Portland's garbage, recycling, and compost collection activities and sustainable materials management. FY2026-27 proposes $20.3M in expenses with external revenues of $13.2M. The fund supports waste collection operations, community education, and related programs. Commercial tonnage fees will be maintained at $17.60 per ton, delaying planned increases.
[doc] Spectator Venues & Visitor Activities Fund pp. 1092-1094 ↗ The Spectator Venues & Visitor Activities Fund (SVVAF) is a self-sustaining enterprise fund managing City-owned spectator facilities including Rose Quarter, Providence Park, and Veterans Memorial Coliseum, plus tourism programs. FY 2026-27 proposes $30.6M in expenses and $30.6M in revenue. Key developments include the first year of Women's NBA games at Moda Center, completion of a $53M VMC renovation by end of 2026, and ongoing negotiations for a new Moda Center lease backed by $365M state funding.
[doc] Tax Increment Financing Reimbursement Fund pp. 1095-1096 ↗ The Tax Increment Financing Reimbursement Fund reimburses Portland Housing Bureau for housing-related costs funded by tax increment proceeds across Prosper Portland urban renewal areas. The 2026-27 proposed budget totals $58.98M in expense, with Bureau Expense reaching $37.5M and a new $21.2M contingency. The fund balance, previously $35.5M, is projected to zero by year-end, indicating full allocation of resources.

See also