The Portland Housing Bureau (PHB) is sitting on $106 million in unspent funds, far more than was previously reported. City Administrator Raymond Lee outlined the funding in a memo Friday afternoon.
Update: Portland Housing Bureau's Unspent Funds Reach $106 Million
News of the unspent money comes two months after city councilors learned the city's Rental Services Office amassed $21 million in revenue, which went unreported for months.
