East 205 is one of 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. The TIF Exploration page has more details about the exploration process that led to the creation of the new districts.
The East 205 TIF District is expected to generate up to $770 million over the next 30 years. 45% of those resources will be invested for affordable housing, 45% will be invested for economic and urban development, and 10% will be invested for infrastructure.
The East 205 TIF District will begin collecting funds 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 started 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 East 205 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.
Here are the members of our CLC:
- Wes Ayers
- ShaToyia Bentley
- Tamra Booth
- Olena Borova
- Daniel Carillo
- Parker Fitzpatrick
- Terrence Hayes
- Emily Hutsell
- Eric Knox
- David Linn
- Andy Miller
- Kristin Romaine
- Karen Wolfgang
Learn more about the CLC and participate in meetings HERE.