Most Portland Housing Bureau Loans Won't Be Repaid, Audit Warns

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Less than 15 percent of the $357 million in outstanding Portland Housing Bureau loans is expected to be repaid, a new city audit reveals.City Auditor LaVonne Griffin-Valade criticizes the bureau for not being transparent in reporting the loans it makes for affordable housing to City Council in a complete or timely fashion. The bureau and its director have discretion to make loans of up to $3 million ...   More
 
Monday, March 24, 2014 AARON MESH

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