During a recent government meeting, community leaders and stakeholders voiced strong support for the establishment of Tax Increment Financing (TIF) districts in East Portland, particularly along 82nd Avenue. The discussions highlighted the potential for significant public and private investments aimed at revitalizing the area while addressing critical issues such as affordable housing and displacement.

Tim, a representative from the downtown task force, emphasized the importance of the proposed $185 million jurisdictional transfer and the potential for an additional $300 million investment in transportation services along 82nd Avenue. He advocated for a complementary TIF district to support affordable business development and housing, underscoring the need for community engagement in the process.

Nick Sobe, co-executive director of Rhodes Community Development, stressed the necessity of maintaining a set-aside for affordable housing within the TIF framework to prevent displacement. He called for measurable outcomes to address homelessness and improve rental affordability, particularly for BIPOC households, which have seen a decline in homeownership rates.

Jacob Loeb, president of the 82nd Avenue Business Association, echoed these sentiments, highlighting the community's desire for a balanced approach that includes a 45% set-aside for affordable housing. He noted the historical context of urban renewal efforts and the importance of building trust with the community.

Andy Miller from Our Just Future urged the council to learn from past mistakes associated with urban renewal, advocating for a holistic approach that includes eviction prevention and community-driven investments. He emphasized that TIF should not be viewed as a standalone solution but as part of a broader strategy to support vulnerable populations.

Zachary Lauritzen, executive director of Oregon Walks, pointed out the exciting developments along 82nd Avenue, while also raising concerns about the potential for displacement due to increased private investment. He called for simultaneous public investments in housing and workforce development to ensure long-term residents can remain in the area.

The meeting underscored a collective commitment to leveraging TIF districts as a means to foster economic growth while prioritizing affordable housing and community stability in East Portland.