N/NE Community Development Initiative
Action Plan Update
Data updated Sep 2024
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:
Promote Property Ownership & Redevelopment
Demographic Data
Hover over/tap a pie slice for more information.
100%+
Small Scale Property Improvement Grants
Goal: 30 grants
To date: 60 grants
Goal: $2,250,000
Awarded: $2,732,115
Disbursed: $2,345,383
8%
Property Improvement Matching Loans
Goal: 30 loans
To date: 3 loans
Goal: $750,000
Awarded: $60,574
Disbursed: $60,535
79%
Large Scale Property Development Grants
Goal: 10 grants
To date: 15 grants
Goal: $750,000
Awarded: $592,342
Disbursed: $561,677
10%
Large Scale Property Development Loans
Goal: 10 loans
To date: 4 loans
Goal: $5,000,000
Awarded: $489,669
Disbursed: $283,556
0%
Property Acquisition Loans
Goal: 4 loans
To date: 0 loans
Goal: $2,000,000
Awarded: $0
Disbursed: $0
Support Business Ownership & Growth
Demographic Data
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68%
Tenant Improvement Grants
Goal: 40 grants
To date: 58 grants
Goal: $3,000,000
Awarded :$2,052,897
Disbursed: $1,969,373
40%
Tenant Improvement Matching Loans
Goal: 40 loans
To date: 8 loans
Goal: $1,000,000
Awarded: $402,841
Disbursed: $382,156
0%
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)
Demographic Data
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$0
Funds Remaining
Downpayment Assistance Loans
Goal: 35 households
To date: 16 households
Goal: $2,800,000
Awarded :$1,600,000
Disbursed: $1,600,000
$0
Funds Remaining
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
100%+
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
0%
Cultural Business Hub
Goal: 1-2 loans
To date: 0 loans
Goal: $4,500,000
Awarded: $0
Disbursed: $0