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Portland committee recommends $15M shift to affordable housing; staff propose $15M cut to EV financing amid capacity concerns
Summary
Portland — The Portland Clean Energy Fund committee and city staff on Oct. 30 presented draft amendments to the city’s five‑year Climate Investment Plan that would move $15 million into a multifamily affordable housing program and reduce a separate electric‑vehicle financing line by $15 million.
Portland — The Portland Clean Energy Fund committee and city staff on Oct. 30 presented draft amendments to the city’s five‑year Climate Investment Plan that would move $15 million into a multifamily affordable housing program and reduce a separate electric‑vehicle financing line by $15 million.
The presentations, given by Eric Kingstrom, director of the Bureau of Planning and Sustainability, and Sam Brasso, PCEF program manager, described the amendment package as largely technical and incremental but said it includes targeted funding shifts the committee believes will speed deployment. “The climate investment plan is a five‑year plan guiding the program’s investments,” Kingstrom said during the work session.
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