Raymond C. Lee III#

Raymond C. Lee III is the City Administrator of Portland, Oregon, appointed by Mayor Keith Wilson in December 2025.1 As City Administrator, Lee oversees the city’s day-to-day operations and financial management under Portland’s new form of government that took effect in January 2025.

Key Housing Actions#

As City Administrator (2025-present)#

  • Portland Housing Bureau Unbudgeted Balances (2026): In February 2026, Lee disclosed that the Portland Housing Bureau had accumulated $106 million in unspent funds, far exceeding the $21 million initially identified in November 2025.2 Lee issued a detailed memo explaining where his office found “previously unbudgeted housing funds” and how the money may be legally spent, noting that the situation “reflects the city’s ongoing shift from bureaus and offices developing budgets independently to the city of Portland managing its finances holistically under our new form of government.”2

  1. Portland.gov: City Leaders ↩︎

  2. Willamette Week: Portland Sitting on $106 Million in Unspent Housing Dollars (February 6, 2026) ↩︎ ↩︎

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