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flag Portland has $106 million in unspent housing funds due to outdated budgeting, prompting calls for accountability and faster action.

flag Portland officials report $106 million in unspent housing funds, a fivefold increase from earlier estimates, with the city administrator attributing the surplus to outdated budgeting practices during a governance transition. flag The funds, restricted by state laws, include $62.1 million across four bureau accounts and $24.9 million in the Housing Investment Fund. flag An independent investigation has been recommended to improve oversight, while councilors demand accountability and faster deployment to address the housing crisis.

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