TL;DR (generated · confidence: high)

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.

Key points (each cites a PDF page):

HOME is a federal entitlement program of the U.S. Department of Housing and Urban Development (HUD) designed to assist local governments with affordable housing development. (p. 1078 ↗)
The Portland HOME Consortium consists of the City of Portland (lead partner), City of Gresham, and Multnomah County. (p. 1078 ↗)
The fund operates on a reimbursement model: the federal government reimburses for actual expenditures less program income. (p. 1078 ↗)
2026-27 proposed expense: $3.78M, compared to 2025-26 revised budget of $7.69M and 2024-25 actual of $12.64M. (p. 1078 ↗)
The fund processes HOME loan activity including loan disbursements, loan receivables recording, and program income receipting from loan repayments. (p. 1078 ↗)
Unspent entitlement appropriations at fiscal year-end are carried over in the Fall Supplemental Budget Process. (p. 1078 ↗)
No changes from prior year reported for the 2026-27 budget. (p. 1079 ↗)

Amounts: $12,636,775 · $7,691,468 · $3,781,967 · $12,787,213 · Programs: HOME Grant Program · Portland HOME Consortium · Parties: Portland Housing Bureau · City of Portland · City of Gresham · Multnomah County

HOME Grant Fund

Source: PDF pp. 1078-1079 ↗ · raw: 1078 · 1079

Breadcrumb: Fund Summaries > Community & Economic Development. > HOME Grant Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> HOME Grant Fund HOME Grant Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $12,636,775 $7,339,128 $7,691,468 $3,781,967 Bureau Expense $11,375,966 $7,489,566 $7,691,468 $3,781,967 Unappropriated $1,260,809 ($150,438) $0 $0 Ending Fund Balance $1,260,809 ($150,438) $0 $0 Revenue $12,636,775 $7,339,127 $7,691,468 $3,781,967 External Revenues $12,787,213 $7,254,734 $7,691,468 $3,781,967 Charges for Services $474 $796 $0 $0 Intergovernmental $12,487,111 $7,011,699 $7,691,468 $3,781,967 Miscellaneous $299,627 $242,239 $0 $0 Internal Revenues ($150,438) $84,393 $0 $0 Beginning Fund ($150,438) $84,393 $0 $0 Balance Fund Overview The HOME program is a federal entitlement program of the United States Department of Housing and Urban Development (HUD). The purpose of the grant is to assist local governments with the development of affordable housing. The Portland HOME Consortium consists of the City of Portland, the City of Gresham, and Multnomah County. The City of Portland is the lead partner of the consortium, and is responsible for receiving and administering the HOME grant. The HOME Grant Fund is reimbursed by the federal government for actual expenditures, less program income. The fund generally has only a small ending balance because requests for reimbursement cannot exceed expenditures, less program income. The bureau processes HOME loan activity directly. This includes processing loan disbursements, recording loan receivables, and receipting program income associated with loan repayments. Entitlement appropriations remaining at the end of the fiscal year are carried over in the Fall Supplemental Budget Process of the following fiscal year. The supplemental budget includes obligated carryover, appropriation for projects that have been authorized and budgeted in the prior year, and carryover appropriation for expanded projects or new requests. Managing Agency Portland Housing Bureau 1078

City of Portland Fiscal Year 2026-27 Proposed Budget Significant Changes from Prior Year There are no changes from prior year. 1079

Parent: Community & Economic Development. · PDF: pp. 1078-1079 ↗