Portland City Council PM Session 06/18/26

The Portland City Council held a session on June 18, 2026, where key procurement-related discussions focused on the adoption and implementation of a moderate income revolving loan program aimed at supporting housing development projects. Council members debated the program's risk management, particularly concerning the city's liability and oversight of loans administered by Prosper, a state-authorized entity. The program is designed to leverage state funds and tax increment financing (TIF) to support housing projects, with council members expressing both support and caution regarding geographic distribution and financial risk. Additionally, the council considered ordinances to establish a cable franchise fund within the Bureau of Planning and Sustainability to manage public education and government (PEG) access services following the dissolution of the Mount Hood Cable Regulatory Commission. The fund will support capital costs and manage outstanding obligations, ensuring continuity of community media center funding. No new community technology grant programs were funded in the current budget, but legacy grants will continue to be managed. The council unanimously passed the revolving loan program ordinance and moved forward with the cable franchise fund ordinances.