Housing Investment Fund

Source: PDF pp. 1081-1082 ↗ · raw: 1081 · 1082

Breadcrumb: Fund Summaries > Community & Economic Development. > Housing Investment Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> Housing Investment Fund Housing Investment Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $58,689,520 $50,391,356 $16,609,536 $56,341,476 Bureau Expense $11,189,007 $6,488,704 $13,754,957 $17,732,972 Fund Expense $616,015 $280,135 $2,854,579 $38,608,504 Contingency $0 $0 $2,451,519 $38,147,246 Fund Transfers - $616,015 $280,135 $403,060 $461,258 Expense Unappropriated $46,884,498 $43,622,517 $0 $0 Ending Fund Balance $46,884,498 $43,622,517 $0 $0 Revenue $58,689,520 $50,391,356 $16,609,536 $56,341,476 External Revenues $11,906,054 $12,777,382 $11,629,202 $11,720,465 Charges for Services $39,670 $4,601 $0 $0 Intergovernmental $0 $1,027,726 $0 $0 Miscellaneous $10,157,379 $9,861,718 $9,929,202 $10,045,965 Taxes $1,709,004 $1,883,337 $1,700,000 $1,674,500 Internal Revenues $46,783,466 $37,613,974 $4,980,334 $44,621,011 Beginning Fund $43,622,517 $34,207,990 $1,784,343 $43,869,627 Balance Fund Transfers - $3,160,949 $3,405,984 $3,195,991 $751,384 Revenue Fund Overview The Housing Investment Fund (HIF) supports the City’s housing initiatives, which serve to develop or preserve affordable housing in Portland or help low- and moderate-income individuals access affordable housing. In addition to development and preservation of housing units, there are several other programs tracked in this fund. ServicePoint is a statewide homeless management information system that the Portland Housing Bureau manages on behalf of other agencies across the state. The Housing Bureau recovers the costs of providing this service from these agencies via intergovernmental agreements. The Housing Investment Fund includes a transfer from the General Fund based on short-term rental revenue, as well as funding administered on behalf of Multnomah County for rental housing development. Sub-funds exist for each of the different programs in this fund. Activities are booked directly to the sub-funds and include personnel services, software license fees, and recording fees, as well as loan receivables and repayment program income. 1081

City of Portland Fiscal Year 2026-27 Proposed Budget Managing Agency Portland Housing Bureau Significant Changes from Prior Year There are no changes from the prior year. 1082

Parent: Community & Economic Development. · PDF: pp. 1081-1082 ↗