Non-Profit Acquisition Financing Loan - designed to fund acquisition of property
and other activities necessary to take title to property or to cover a portion of
the contract purchase of property intended for development of housing serving low-
or moderate-Income households, and mixed-use or mixed-income rental housing developments.
PDC Direct Financed Acquisition Loan - loans to project sponsors to fund the acquisition
of property for projects located in Urban Renewal Districts which have Tax Increment
Financing available for housing and special initiative housing projects outside of
Urban Renewal Areas, subject to available funds.
Equity Gap Contributions/Cash Flow Share Note Provides public funding for rental
or Mixed-Use projects that provide public benefits and are owned by For Profit or
Eligible Non-Profit Organizations.
For-Sale Housing Development Loans Provides financing to developers of housing, Mixed-Use
Projects and Non-Profit Facilities to cover costs of project feasibility work, site
control, or acquisition of properties prior to securing financing to complete the
Housing Development Subordinate Loan Provides public financing to fund development
costs for new or existing rental and Mixed-Use Projects that provide public benefits.
Non-Profit Acquisition Financing Loan A partnership between the Portland Development
Commission (PDC) and the Enterprise Foundation (Enterprise) to provide funds to non-profit
affordable housing organizations and the Housing Authority of Portland for property
Non-Profit Predevelopment Loans Designed to fund technical and professional services
necessary to explore project feasibility of housing serving Low or Moderate Income
Households, or Mixed-Use or Mixed Income housing developments which include housing
units meeting the affordability requirements.
Portland Regional Lead Hazard Control Program Provides financial assistance to identify,
control and reduce lead-based paint hazards.
Tax Increment Funding (TIF) Set Aside for Affordable Housing Dedicated percentage
of Tax Increment Financing (TIF) revenues from all Urban Renewal Districts citywide
to affordable housing.
Fee Waivers, Exemptions and Credit Guidelines
Development Fee Waivers For Non-Profit Affordable Housing projects in the City of
Portland, offsets some of the development fees associated with the rehabilitation
or new construction of affordable housing units.
System Development Charge Exemption/Fee Waivers Intended to reduce the development
costs for residential units that are made affordable to homeowners and low-income
renter households by exempting developers from paying SDC fees levied by the City
Tax Abatement Programs
Limited Tax Abatement for Single Family Owner-Occupied Rehabilitation 10-year limited
tax property abatement on any increase in assessment value that results from the
rehabilitation improvements made to qualifying owner occupied single family homes.
New Multiple-unit Housing (NMUH)/Central City Property Tax Abatement Guidelines Current
moratorium (applications cannot be accepted at this time with the exception of low-income
Rental Rehabilitation Tax Abatement Program Guidelines 10-year limited tax property
abatement on any increase in assessment value that results from the rehabilitation
of, or conversion to, qualifying rental units.
Single Family New Construction Tax Abatement Guidelines Changes to the Limited Tax
Abatement (LTA) Program in effect January 1, 2008.
Transit Oriented Development Property Tax Abatement Guidelines Supports high density
housing and Mixed-Use developments affordable to a broad range of the general public
on vacant or underutilized sites along transit corridors whose design and features
encourage building occupants to use public transit.
City Lights Bond Program Purpose is to stimulate production of new housing units
that are not currently being built due to market financial constraints.
Private Activity Bond Program To assist in the financing of mult-family projects
that provide public benefits within the Portland city limits.
501(C)(3) Bond Program To assist in the financing of development projects that provide
public benefits within the Portland city limits.