It pays to own PSH units in Portland—if you use the Portland Housing Bureau's Risk Mitigation Pool.

Did you know that the City of Portland has a fund that reimburses landlords for excess operating expenses and losses associated with operating permanent supportive housing (PSH)?

The fund, called the Risk Mitigation Pool, was established in 2008 and covers 945 PSH units in 62 eligible Portland properties. Its purpose is to provide financial protection to landlords who provide high-quality affordable housing to people who have experienced homelessness or have a substantial risk of experiencing homelessness.

Let’s say a resident of a PSH unit in your building causes physical damage to their apartment, beyond ordinary wear and tear. If the unit meets the City’s eligibility criteria, you can request reimbursement for the cost of repairing the damage.

HDC collaborates with the Portland Housing Bureau to help eligible landlords understand how the program works and complete the reimbursement claim process. We also review claims and make sure they are promptly reimbursed.

Do you own an eligible unit? Visit our Risk Mitigation Pool page to learn more about the program, contact our risk mitigation team, or submit a claim.

We look forward to hearing from you!

P.S. Do you own a unit that receives project-based or tenant-based PSH rent assistance funded by the Metro affordable housing bond? You may soon be eligible to participate in a tri-county risk mitigation fund similar to the City of Portland’s. As with the Portland Risk Mitigation Pool, HDC will partner with Washington, Clackamas, and Multnomah counties to administer the tri-county claims process.

The tri-county fund is expected to launch later this year; please be on the lookout for updates on this website and in HDC’s bimonthly newsletter (scroll down to sign up)!