Finance Committee

Portland City Council Finance Committee 01/12/26

Date: January 13, 2026

Summary

The Portland City Council Finance Committee convened on January 12, 2026, to discuss and vote on several key issues, primarily focusing on housing and homelessness. A significant portion of the meeting was dedicated to discussing a supplemental budget for the Portland Housing Bureau for fiscal year 2025-2026, which included the allocation of nearly $21 million in previously unallocated funds. The funds were debated to be used for various housing projects and rent assistance programs. An amendment proposed by Councilor Green, which aimed to replace the current ordinance exhibits with those from another ordinance focused on similar issues, was voted down. The original ordinance, however, passed with a narrow majority. Additionally, the committee approved an amendment to the Portland Clean Energy Community Benefits Code, allowing the transfer of interest earned in the previous fiscal year to be used in the current budget. The meeting highlighted the city’s ongoing efforts to address housing stability and the complexities involved in allocating funds effectively.

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No votes were recorded in this meeting.