About the 82nd Avenue Area CLC
On October 30, 2024, Portland City Council voted to approve six new Tax Increment Finance (TIF) districts that will spur economic growth, create jobs, and invest in a range of affordable housing options in both Central City and East Portland over the next 30 years.
Along with the two other new East Portland Tax Increment Finance (TIF) Districts, the 82nd Avenue Area TIF District will begin collecting tax increment on July 1, 2025. Initial resources will be limited in the first five years but will increase over time. The implementation of the new TIF districts will start in 2025 with the formation of a Community Leadership Committee (CLC) for each district, a group of community members with lived and professional experience, as well as connection to the district, who will guide implementation.
The 82nd Avenue Area CLC’s first task will be to develop a five-year Action Plan in coordination with community stakeholders. The Action Plan sets goals, establishes investment priorities, and assigns resources for the district over the next five years, based on what types of investments are eligible as outlined in each TIF district plan.
Over the next 30 years, the 82nd Avenue Area TIF District is estimated to generate up to $460 million in TIF resources. These resources will be invested in three core areas:
- 45% for affordable housing
- 40% for economic and urban development
- 15% for infrastructure improvements
For more information, also see 82nd Avenue Area TIF District on Prosper Portland’s website.
Meet Our Committee Members
- Erika Abdelatif
- Pamela Hodge
- Khanh Le
- Jacob Loeb
- Erin Maxey
- Jorge Melendez
- Aaron Milano
- Michael Ong Liu
- Joshua Pangelinan
- Theo Hathaway Saner
- Yamungu Seraya
- Stephen Udycz
- Liz Winchester
Essential Documents
Ordinance 191936: Approve the 82nd Avenue Area Tax Increment Finance District Plan
More documents can be found on Prosper Portland’s Website