About the SPACC 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 SPACC 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 SPACC 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 SPACC TIF District is expected to generate up to $310 million in TIF resources. These resources will be invested in three core areas:
- 45% for affordable housing
- 45% for economic and urban development,
- 10% for infrastructure.
For more information, also see SPACC TIF District on Prosper Portland’s website.
Meet Our Committee Members
- Angela Bishop Baker
- Lily Burnett
- Andrew Campbell
- Alexis Elias
- Lin Felton
- Kyna L. Harris
- Karim Hassanein
- Sara Joy Johnson
- Christopher Lambert
- Nicole Luland
- Alexis (Alex) Millett
- Oak Sonfist
- Emily Winokur
Essential Documents
More documents can be found on Prosper Portland’s Website