N/NE Community Development Initiative
Action Plan Update

Data collected through December 2022

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
Home Ownership
Community Livability
Cultural Hub

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: 52 grants

Goal: $2,250,000
Awarded: $2,298,904

Disbursed: $2,087,021

8%

Property Improvement Matching Loans

Goal: 30 loans
To date: 3 loans

Goal: $750,000
Awarded: $60,574

Disbursed: $60,535

 

73%

Large Scale Property Development Grants

Goal: 10 grants
To date: 13 grants

Goal: $750,000
Awarded: $545,050

Disbursed: $545.050

 

10%

Large Scale Property Development Loans

Goal: 10 loans
To date: 4 loans

Goal: $5,000,000
Awarded: $489,669

Disbursed: $273,381

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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69%

Tenant Improvement Grants

Goal: 40 grants
To date: 56 grants

Goal: $3,000,000
Awarded :$2,062,755

Disbursed: $1,862,734

40%

Tenant Improvement Matching Loans

Goal: 40 loans
To date: 8 loans

Goal: $1,000,000
Awarded: $402,841

Disbursed: $378,722

 

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: 30 households

Goal: $2,200,000
Awarded: $1,215,118

Disbursed: $1,063,675

Advance Community Livability Projects
and Support Non-profits

100%

Community Livability Grants

Goal: 20 grants to non-profits
To date: 33 grants

Goal: $2,500,000
Awarded: $2,571,355

Disbursed: $2,536,806

Support Cultural Business Hub

0%

Cultural Business Hub

Goal: 1-2 loans
To date: 0 loans

Goal: $4,500,000
Awarded: $0

Disbursed: $0