N/NE Community Development Initiative
Action Plan Update

As of June 30, 2021

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

100%+

Small Scale Property Improvement Grants

Goal: 30 grants
To date: 44 grants

Goal: $2,250,000
Awarded: $2,727,565

Disbursed: $1,572,265

10%

Property Improvement Matching Loans

Goal: 30 loans
To date: 3 loans

Goal: $750,000
Awarded: $75,000

Disbursed: $60,535

 

100%+

Large Scale Property Development Grants

Goal: 10 grants
To date: 14 grants

Goal: $750,000
Awarded: $888,000

Disbursed: $442,214

 

6%

Large Scale Property Development Loans

Goal: 10 loans
To date: 2 loans

Goal: $5,000,000
Awarded: $280,510

Disbursed: $116,450

0%

Property Acquisition Loans

Goal: 4 loans
To date: 0 loans

Goal: $2,000,000
Awarded: $0

Disbursed: $0

Demographic Data

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Support Business Ownership & Growth

54%

Tenant Improvement Grants

Goal: 40 grants
To date: 36 grants

Goal: $3,000,000
Awarded :$1,607,193

Disbursed: $864,810

32%

Tenant Improvement Matching Loans

Goal: 40 loans
To date: 2 loans

Goal: $1,000,000
Awarded: $320,546

Disbursed: $8,608

 

0%

Affordable Commercial Space

Goal: 10-16 businesses assisted
To date: 0

Goal: $5,250,000
Total: $0

Demographic Data

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Invest in New & Existing Homeowners

94%

Downpayment Assistance Loans

Goal: 20 households
To date: 15 households

Goal: $1,600,000
Awarded :$1,500,000

Disbursed: $1,400,000

68%

Home Repair Program

Goal: 40 households
To date: 27 households

Goal: $1,600,000
Awarded: $1,094,480

Disbursed: $725,247

Demographic Data

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Advance Community Livability Projects
and Support Non-profits

85%

Community Livability Grants

Goal: 20 grants to non-profits
To date: 25 grants

Goal: $2,500,000
Awarded: $2,117,319

Disbursed: $1,915,689

Support Cultural Business Hub

0%

Cultural Business Hub

Goal: 1-2 loans
To date: 0 loans

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

Disbursed: $0