TL;DR (generated · confidence: high)

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.

Key points (each cites a PDF page):

Fund created via ordinance 187855 with dual purpose: tracking CET receipts and Inclusionary Housing Program revenues/expenditures (p. 1084 ↗)
CET distribution formula: 4% to BDS administration, 15% to Oregon Department of Housing and Community Services, 50% for finance-based incentives, 35% for affordable housing at ≤60% MFI (p. 1084 ↗)
2026-27 proposed total expense of $30,063,210 versus 2025-26 revised budget of $9,320,959 (p. 1084 ↗)
Fund Expense increases significantly from $301,598 (2025-26) to $21,843,191 (2026-27) with contingency of $21,533,494 (p. 1084 ↗)
Portland Housing Bureau manages indirect programs for affordable housing including property tax exemptions and system development charge waivers (p. 1084 ↗)
2026-27 beginning fund balance of $26,361,034 from internal revenues (p. 1084 ↗)

Amounts: $41,392,331 · $38,960,370 · $9,320,959 · $30,063,210 · $8,403,101 · $8,220,019 · $338,024 · $21,843,191 · Programs: Inclusionary Housing Program · Construction Excise Tax (CET) · Property tax exemptions program · System development charge waivers · Parties: Portland Housing Bureau · Bureau of Development Services · Oregon Department of Housing and Community Services

Inclusionary Housing Fund

Source: PDF pp. 1084-1085 ↗ · raw: 1084 · 1085

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

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> Inclusionary Housing Fund Inclusionary Housing Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $41,392,331 $38,960,370 $9,320,959 $30,063,210 Bureau Expense $8,403,101 $4,834,907 $9,019,361 $8,220,019 Fund Expense $338,024 $242,115 $301,598 $21,843,191 Contingency $0 $0 $0 $21,533,494 Fund Transfers - $338,024 $242,115 $301,598 $309,697 Expense Unappropriated $32,651,206 $33,883,348 $0 $0 Ending Fund Balance $32,651,206 $33,883,348 $0 $0 Revenue $41,392,334 $38,960,371 $9,320,959 $30,063,210 External Revenues $7,508,986 $6,252,992 $4,755,772 $3,702,176 Charges for Services $1,906,020 $1,696,004 $2,324,885 $1,283,752 Miscellaneous $3,569,654 $1,972,856 $0 $0 Taxes $2,033,312 $2,584,132 $2,430,887 $2,418,424 Internal Revenues $33,883,348 $32,707,379 $4,565,187 $26,361,034 Beginning Fund $33,883,348 $32,707,379 $4,565,187 $26,361,034 Balance Fund Overview City Council created this fund via ordinance 187855. Its purpose is twofold. First, this fund tracks the receipts from the City’s Construction Excise Tax (CET) that funds affordable housing initiatives. Per City Code Chapter 6.08, 4% of these receipts are retained by the Bureau of Development Services for administration. Of the remaining proceeds, 15% is remitted to the Oregon Department of Housing and Community Services, 50% remain in this fund for use on finance-based incentives for programs that require affordable housing, and 35% remain in this fund to support the production and preservation of affordable housing units at and below 60% Median Family Income. Second, this fund tracks the revenues and expenditures associated with the Inclusionary Housing Program. These include indirect subsidies, fees paid by developers in lieu of participating in the program, and administration expenses. The Portland Housing Bureau administers indirect programs to promote affordable housing via foregone revenue. These programs include limited property tax exemptions and system development charge waivers. Managing Agency 1084

City of Portland Fiscal Year 2026-27 Proposed Budget Portland Housing Bureau Significant Changes from Prior Year There are no changes from prior year. 1085

Parent: Community & Economic Development. · PDF: pp. 1084-1085 ↗