Risk Mitigation Pool The Risk Mitigation Pool (RMP) has been established to support the City of Portland’s 10-Year Plan to End Homelessness. As one component of the City’s Plan, the City is encouraging affordable housing developers to develop units dedicated to serving adults and families residing in Permanent Supportive Housing. The guiding principal of the Risk Mitigation Pool is to support housing providers who agree to provide Permanent Supportive Housing (PSH), by offsetting potential increased financial risks (beyond those typical of affordable housing) associated with operating PSH units. In 2005, the City Council approved $800,000 for the Bureau of Housing and Community Development to establish the RMP. The goal of the RMP is to provide risk mitigation through the initial seven years of the program for up to 300 PSH units. The City expects that the types of risks being protected through the RMP will be relatively infrequent, but, at times, quite costly. Through a shared risk pool, the City hopes to be able to provide financial protection for PSH providers, without having to set up substantial additional reserves at each project. However, this concept is new to Portland, and indeed, BHCD has not identified other similar models across the country. HDC and the RMP Advisory Committee established initial policies for the RMP, and will continue to work with BHCD and the Participating Owners to modify the program over the seven years, with the goal of assuring that these PSH units are able to provide quality, affordable housing to people that need PSH over the long term. To learn if your project is covered by the RMP, click here for a List of PSH projects and units. For information on the RMP policies: 1. RMP PowerPoint to Participating Owners 2. RMP Policies - updated 1/30/07: word or PDF format Documents to file a claim: 1. Claim Instructions - 1/30/07: word or PDF 2. Claims Form word or PDF 3. Certification of PSH unit - 11/06: excel or PDF 4. Attachment A, Physical Damage Itemization: excel or PDF 5. Attachment B, Operational Damage Itemization: excel or PDF 6. Owner’s Evaluation: word or PDF Contact us at: info@hdc1.org. Go to the top of the page