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
Home Ownership
Community Livability
Cultural Hub

Promote Property Ownership & Redevelopment

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Demographic Data

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100%+

Small Scale Property Improvement Grants

Goal: 30 grants
To date: 72 grants

Goal: $2,250,000
Awarded: $2,985,075

Disbursed: $2,830,624

8%

Property Improvement Matching Loans

Goal: 30 loans
To date: 3 loans

Goal: $750,000
Awarded: $60,535

Disbursed: $60,535

 

86%

Large Scale Property Development Grants

Goal: 15 grants
To date: 15 grants

Goal: $750,000
Awarded: $642,529

Disbursed: $642,529

 

9%

Large Scale Property Development Loans

Goal: 10 loans
To date: 5 loans

Goal: $5,000,000
Awarded: $446,287

Disbursed: $276,891

0%

Property Acquisition Loans

Goal: 4 loans
To date: 0 loans

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

Disbursed: $0

Support Business Ownership & Growth

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Demographic Data

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66%

Tenant Improvement Grants

Goal: 40 grants
To date: 61 grants

Goal: $3,000,000
Awarded :$1,983,317

Disbursed: $1,980,570

3%

Tenant Improvement Matching Loans

Goal: 40 loans
To date: 4 loans

Goal: $1,000,000
Awarded: $34,338

Disbursed: $33,195

 

8%

Affordable Commercial Space

Goal: 10-16 businesses assisted
To date: 5

Goal: $5,250,000
Awarded: $418,432

Disbursed: $69,070

Invest in New & Existing Homeowners

(implemented by Portland Housing Bureau)

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Demographic Data

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$0
Funds Remaining

Downpayment Assistance Loans

Goal: 35 households
To date: 18 households

Goal: $2,800,000
Awarded :$1,870,000

Disbursed: $1,735,000

$0
Funds Remaining

Home Repair Program

Goal: 55 – 64 households
To date: 34 households

Goal: $2,200,000
Awarded: $1,376,102

Disbursed: $1,235,381

Advance Community Livability Projects
and Support Non-profits

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100%+

Community Livability Grants

Goal: 20 grants to non-profits
To date: 48 grants

Goal: $2,500,000
Awarded: $2,942,208

Disbursed: $2,762,259

Support Cultural Business Hub

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0%

Cultural Business Hub

Goal: 1-2 loans
To date: 0 loans

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

Disbursed: $0