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:
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: 45 grants
Goal: $2,250,000
Awarded: $2,565,867
Disbursed: $1,829,176
8%
Property Improvement Matching Loans
Goal: 30 loans
To date: 3 loans
Goal: $750,000
Awarded: $60,574
Disbursed: $60,535
100%+
Large Scale Property Development Grants
Goal: 10 grants
To date: 13 grants
Goal: $750,000
Awarded: $963,000
Disbursed: $539,755
5%
Large Scale Property Development Loans
Goal: 10 loans
To date: 3 loans
Goal: $5,000,000
Awarded: $264,669
Disbursed: $258,908
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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75%
Tenant Improvement Grants
Goal: 40 grants
To date: 51 grants
Goal: $3,000,000
Awarded :$2,255,973
Disbursed: $1654,896
39%
Tenant Improvement Matching Loans
Goal: 40 loans
To date: 6 loans
Goal: $1,000,000
Awarded: $393,380
Disbursed: $358,755
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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100%
Downpayment Assistance Loans
Goal: 20 households
To date: 16 households
Goal: $1,600,000
Awarded :$1,600,000
Disbursed: $1,600,000
71%
Home Repair Program
Goal: 40 households
To date: 28 households
Goal: $1,600,000
Awarded: $1,134,676
Disbursed: $1,016,453
Advance Community Livability Projects
and Support Non-profits
96%
Community Livability Grants
Goal: 20 grants to non-profits
To date: 29 grants
Goal: $2,500,000
Awarded: $2,409,820
Disbursed: $2,268,604
Support Cultural Business Hub
0%
Cultural Business Hub
Goal: 1-2 loans
To date: 0 loans
Goal: $4,500,000
Awarded: $0
Disbursed: $0