N/NE Community Development Initiative Action Plan Update
Data updated March 2025
The North/Northeast Community Development Initiative (N/NE CDI) Action Plan was developed in 2017 to guide Prosper Portland’s investment of $32 million in Tax Increment Financing resources for economic development in the Interstate Corridor.
The Action Plan is focused on 5 goals:
Property Ownership, Business Ownership, Homeownership, Community Livability, and Cultural Hub
Promote Property Ownership
& Redevelopment
Assist property owners to improve and develop their underutilized and underdeveloped commercial and residential properties.
Demographic Data
Hover over/tap a pie slice for more information.
Goals
Small Scale Property Improvement Grants
Goal: 30 grants
To date: 60 grants
Goal: $2,250,000
Awarded: $2,732,115
Disbursed: $2,345,383
Property Improvement Matching Loans
Goal: 30 loans
To date: 3 loans
Goal: $750,000
Awarded: $60,574
Disbursed: $60,535
Large Scale Property Development Grants
Goal: 10 grants
To date: 15 grants
Goal: $750,000
Awarded: $592,342
Disbursed: $561,677
Large Scale Property Development Loans
Goal: 10 loans
To date: 4 loans
Goal: $5,000,000
Awarded: $489,669
Disbursed: $283,556
Property Acquisition Loans
Goal: 4 loans
To date: 0 loans
Goal: $2,000,000
Awarded: $0
Disbursed: $0
Support Business Ownership
& Growth
Assist small business growth through grants and loans. Assist emerging or displaced small business owners by creating affordable commercial space.
Demographic Data
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Goals
Tenant Improvement Grants
Goal: 40 grants
To date: 58 grants
Goal: $3,000,000
Awarded :$2,052,897
Disbursed: $1,969,373
Tenant Improvement Matching Loans
Goal: 40 loans
To date: 8 loans
Goal: $1,000,000
Awarded: $402,841
Disbursed: $382,156
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Affordable Commercial Space
Goal: 10-16 businesses assisted
To date: 0
Goal: $5,250,000
Total: $0
Invest in New & Existing Homeowners
(implemented by Portland Housing Bureau)
Expand the availability of the Portland Housing Bureau’s Down Payment Assistance Loan program and Single Family Home Repair program.
Demographic Data
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Goals
Downpayment Assistance Loans
Goal: 35 households
To date: 16 households
Goal: $2,800,000
Awarded :$1,600,000
Disbursed: $1,600,000
Home Repair Program
Goal: 55 – 64 households
To date: 34 households
Goal: $2,200,000
Awarded: $1,376,102
Disbursed: $1,143,155
Advance Community Livability Projects and Support Non-profits
The Community Livability Grant program provides TIF funded grants in eligible neighborhoods to community-based organizations for projects that promote healthy, complete, and resilient neighborhoods that respond to and respect the diversity of its residents.
Community Livability Grants
Goal: 20 grants to non-profits
To date: 39 grants
Goal: $2,500,000
Awarded: $2,829,918
Disbursed: $2,684,127
Support Cultural Business Hub
Foster multigenerational wealth creation by investing in 1-2 larger-scale projects that will provide commercial space for small businesses owned by African Americans and other people of color.
Cultural Business Hub
Goal: 1-2 loans
To date: 0 loans
Goal: $4,500,000
Awarded: $0
Disbursed: $0
