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The city of Portland is continuing to find unallocated money within the Housing Bureau, and the latest discovery brings the total to more than $106 million.

Currently, the Portland City Council is considering how to handle the discovery last summer of a $20.7 million surplus within the Housing Bureau. On Wednesday, the council voted 8-4 for the city administrator to release public records tied to the surplus by Feb. 20 and schedule an oversight hearing for no later than March 6.

But the passage of follows the council being informed Feb. 1 of an additional surplus of $24.9 million unbudgeted in sub-funds within the Housing Investment Fund. Then on Friday, the city administrator announced another discovery of $62.1 million unbudgeted in four other PHB funds.

The $20.7 million is from the Portland Housing Bureau‘s Rental Services Office. Money accrued over the past several years as fees were paid by landlords as part of the city’s Residential Rental Registration program. The PHB discovered the money in August 2025 and then notified the council in November.

The City Council is considering what to do with the funds, but initial targets included several rent assistance programs, eviction prevention services, emergency housing vouchers, landlord/tenant education for tenant protections, affordable housing stabilization, and down payment assistance.

On Feb. 18, the City Council will vote on a full resolution addressing the $20.7 million. Previously, on Jan. 28, the council voted 8-4 to approve an amendment that removed emergency housing vouchers from consideration. Instead, $5.6 million would be appropriated for the Broadway Corridor affordable housing project, $1 million for the Williams & Russell project, and $1.5 million for Self Enhancement Inc.‘s Northeast 13th Avenue affordable homeownership project.

The most recent discovered surpluses 鈥� the $24.9 million and the $62.1 million 鈥� are not being addressed in .

Several councilors on Wednesday voiced support for the city administrator and Mayor Keith Wilson to hire an outside investigator. Council President Jamie Dunphy said the best option is to hire an outside investigator, but it would be expensive and the investigation would require one or two months to accomplish.

鈥淚 think this is entirely backward looking,鈥� Councilor Steve Novick said. 鈥淲hat I want to know is what steps the administration is taking to ensure that we know, and they know, what money is available in various pots.鈥�

Councilor Loretta Smith said the oversight hearing needs to focus on the full unaccounted funding ($106 million) and not just the $20.7 million. Councilor Mitch Green noted that the resolution would not prevent the council from discussing the full amount.

PHB interim director Michael Buonocore said the bureau’s finance team, which submits financial details to the city’s budget office annually, has eight or nine people. Smith said they should provide testimony during the hearing.

Following an initial oversight hearing some time before March 6, others could follow.