Homelessness has been an issue here for a while, but by making it more economically viable to do bottle deposits this program has created mini hubs for the homeless to converge on.
There is a large Target store downtown with bottle deposit machines, there is usually a group of homeless folks who hang out overnight waiting for the store to open to deposit their goods -- and they leave a trail of trash and needles behind. And generally make it unpleasant to shop at the store.
Bottle deposit isn't really a means of addressing homelessness but it is just another factor when considering how chronic Portland's homeless issue is.