Portland Committee Approves $56 Million for Social Housing, Rent Aid and Eviction Defense
PORTLAND, Ore. — Portland’s Housing and Permitting Committee this week approved a $56 million funding package to prioritize a new housing development, rent assistance, and legal aid for tenants facing eviction.
Tidings Data Snapshot
Where The Housing Package Money Came From
$20.7M
Rental service office fees
$19.7M
Short term rental and lodging tax sub funds
$10.7M
Construction excise tax sub funds
$4.8M
River District tax increment financing
Source: City of Portland ordinance 2026-125 and Keep Portland Housed press release
Dailytidings.com
The funding package includes:
- $21.8 million for ‘social housing,’ a form of government-owned living units to ease the city’s critical shortage of affordable housing
- $9 million for rent assistance
- $8.8 million to pay landlords’ affordable housing debt in exchange for lower rents or improved security
- $8.6 million for the city’s general fund
- $4.8 million for the construction of 230 low-income housing units along the Broadway Corridor
- $1.9 million to defend eviction notices.
The committee also allocated $800,000 for down payments by tenants wanting to become homeowners, and $200,000 to help landlords implement education campaigns and protection services for low-income tenants.
The decision must be ratified by the Portland City Council.
Oregon already spends $896 Million on so-called Homelessness and drug addiction and yet seemingly cannot find enough money to fix the roads and bridges. And then wonders why the Homeless and drug addiction increases every year when all that is happening is attracting more of the same with Housing, Food and Cell Phones. Duh…No mystery here. Welcome to Socialistic Oregon and Kotek!