Central City TIF Exploration Survey

Prosper Portland is exploring the opportunity to create new TIF districts in an effort to foster a vibrant Central City with inclusive growth and stabilization. A steering committee of representatives with a broad range of interests and expertise including housing production across varied levels of affordability, economic development, and development of key large scale development opportunities have been engaged to develop the TIF district scenarios being presented here.

As a part of this process, we are looking to gather broad community input and feedback to inform the development of the TIF districts plans and ensure that they meet community needs.

What is TIF?

Tax Increment Financing, or TIF, is a financial tool to generate public dollars to invest in improvements in a specific area. When a TIF district is created in Portland, the increase in property taxes over the lifetime of the district is captured by Prosper Portland and the Portland Housing Bureau to invest back into the neighborhood. A TIF district does not create an additional fee or tax, it only captures existing property tax increases.

The funds generated within a TIF district will be reinvested in your community for permanent, physical improvements and related investments over the span of 20-30 years.

TIF funds may only be spent on physical improvements and related investments:

• Loans and grants to renovate buildings or redevelop property
• Property acquisition and disposition by City
• Affordable housing development and preservation
• Commercial tenanting
• Infrastructure (for example: parks, streets & sidewalks, transit)
• Project-allocated administration

If you live, work, visit, or play in the Central City we want to hear your perspective! Please fill out this survey by Friday, May 5. The survey will be open from Wednesday, April 24 through Friday, May 5.

Take the Survey

What happens next?

• Between May and August, staff will analyze the information gathered from the community and incorporate it into the draft district plans.
• In August, these proposed plans will be presented to the steering committee for review.
• In November, the finalized TIF district plans will be presented to City Council for approval.
• Any TIF districts that are approved in November will go into effect on July 1, 2025.

Prosper Portland and the City of Portland are committed to equity and meaningful access, and prohibit discrimination on the basis of race, color, national origin (including limited English proficiency), disability, age, sex, sexual orientation, gender identity, religion, source of income, or familial status in accordance with local, state, and federal laws. To request translation, interpretation, accommodations, modifications, or other auxiliary aids or services, or to file a complaint of discrimination, contact 311 (503-823-4000), for Relay Service & TTY: 711.