This action by the Portland City Council will provide final approval for the 2026 Cully Five-Year Action Plan (Action Plan) for investing tax increment finance (TIF) resources in the Cully TIF District. Prosper Portland's Board of Commissioners approved the Action Plan on February 11, 2026. For clarity, due to the timing of Action Plan approval and the desire for the plan to be effective for five years after approval, the five-year Action Plan provides guidance on six years of forecasted resources, from FY 2025-26 through FY 2030-31. Approval of the community-driven Action Plan will provide Prosper Portland and Portland Housing Bureau direction for TIF investments that meet the priorities set by the CLC. The plan facilitates Portland Housing Bureau's placement of set-aside resources to support regulated affordable housing production in alignment with the City's Housing Needs Assessment and production strategy. The plan is also aligned with the following Advance Portland Strategic priorities and outcomes: Objective 2: Promote equitable wealth creation through small business and property ownership Objective 3: Foster vibrant neighborhood commercial districts Outcome 3.5: Support growth & health of businesses within commercial districts Outcome 3.6 Activate vacant properties and storefronts; attract new commercial development Outcome 3.7: Improve public streets and sidewalks in select districts to support the vitality of business districts Outcome 3.8: Address housing production across a continuum of affordability
Official proposal and impact statementShould Portland approve the Cully Tax Increment Financing District Five-Year Action Plan?
This action by the Portland City Council will provide final approval for the 2026 Cully Five-Year Action Plan (Action Plan) for investing tax increment finance (TIF) resources in the Cully TIF District. Prosper Portland's Board of Commissioners approved the Action Plan on February 11, 2026. For clarity, due to the timing of Action Plan approval and the desire for the plan to be effective for five years after approval, the five-year Action Plan provides guidance on six years of forecasted resources, from FY 2025-26 through FY 2030-31. Approval of the community-driven Action Plan will provide Prosper Portland and Portland Housing Bureau direction for TIF investments that meet the priorities set by the CLC. The plan facilitates Portland Housing Bureau's placement of set-aside resources to support regulated affordable housing production in alignment with the City's Housing Needs Assessment and production strategy. The plan is also aligned with the following Advance Portland Strategic priorities and outcomes: Objective 2: Promote equitable wealth creation through small business and property ownership Objective 3: Foster vibrant neighborhood commercial districts Outcome 3.5: Support growth & health of businesses within commercial districts Outcome 3.6 Activate vacant properties and storefronts; attract new commercial development Outcome 3.7: Improve public streets and sidewalks in select districts to support the vitality of business districts Outcome 3.8: Address housing production across a continuum of affordability
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Approve the Cully Tax Increment Financing District Five-Year Action Plan
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Official matter recordThis proposal concerns housing & homelessness and requires action through Portland’s public legislative process.
Official matter classification and recordThe Action Plan was co-created in partnership with Prosper Portland, Portland Housing Bureau, and Cully TIF Community Leadership Committee (CLC) which consisted of 13 Cully community members. PHB and Prosper Portland contracted with partners at the Living Cully Coalition (Verde, NAYA, Habitat for Humanity and Hacienda , CDC) to lead community engagement. Early engagement focused on reinforcing relationships and available avenues for continued engagement, participation and information sharing; and gathering input on immediate priorities for affordable housing and economic and urban development investment. In later stages of engagement, when a draft Action Plan was available for review, a survey (translated to multiple languages) was created and promoted through virtual information sessions, neighborhood flyers, community presentations, and blast emails shared across numerous community networks, including Living Cully Coalition members, Prosper Portland, PHB and the Cully Association of Neighbors (CAN). Through community involvement and public engagement efforts, the voices and perspectives shared are reflected in the Action Plan and help guide the shared vision and investments in Cully. One significant shift made in response to public feedback was a shift of resources to facilitate additional land acquisition for future affordable housing and mixed-use development in the Cully area through a community partners letter developed by Habitat for Humanity, Proud Ground, Verde, and NAYA.
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Passed · 10–1
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Final action on 2026-082: Approve the Cully Tax Increment Financing District Five-Year Action Plan
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While there are no direct financial impacts, implementation of the 2025 Cully Action Plan is expected to inform the Prosper Portland and Portland Housing Bureau's TIF-related budget proposals that will be approved by City Council and the Prosper Portland Board annually for the next five years.
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Official documents1 sources
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Open at Portland.govRead the full official text
WHEREAS, on September 14, 2022, the Prosper Portland Board of Commissioners ("Board") approved Resolution No. 7465, recommending Portland City Council ("Council") approval of the Cully Tax Increment Finance District Plan ("Cully TIF Plan"), Report, and Governance Charter; andWHEREAS, on November 19, 2022, Council adopted Ordinance 191071 establishing the Cully Tax Increment Finance District ("Cully TIF District"); andWHEREAS, the Cully TIF District Community Governance Charter ("Charter") calls for establishing a Cully TIF District Community Leadership Committee ("CLC") to advise Prosper Portland and City of Portland ("City") staff, Council, and the Board on the implementation of the Cully TIF Plan by providing essential guidance, public recommendations, and oversight of the City's and Prosper Portland's implementation of the Cully TIF Plan; andWHEREAS, on September 23, 2023, through Resolution No. 7499, the Board nominated seven CLC members of the Committee's thirteen members for initial three-year terms, and the Office of the Mayor nominated an additional six CLC members for initial two-year terms, as specified in the Charter; andWHEREAS, on October 11, 2023, through Council Report No. 843-2023, Council accepted the appointment of the CLC's thirteen members; andWHEREAS, Article IV, Section A.i of the Charter states that "approximately every five years, an Action Plan will be presented to City Council to select the Program Offerings that are expected to be implemented over the subsequent five years," and that the plan should be developed through co-creation, with the CLC and staff collaborating to create a public, recommended draft for Council consideration; andWHEREAS, in February 2024, the CLC began convening monthly in a co-creation process with Portland Housing Bureau and Prosper Portland aimed at tax increment finance education, relationship building, and Portland Housing Bureau and Prosper Portland programming, and in 2025, the focus of work pivoted to the development of the first Five-Year Cully Action Plan ("Action Plan"); andWHEREAS, on September 19, 2025, Portland Housing Bureau and Prosper Portland released a draft Action Plan for the CLC and public review and discussion; andWHEREAS, community liaison partner, the Living Cully Coalition, crafted and widely distributed a survey regarding Action Plan priorities, and presented feedback to the CLC on November 19, 2025; and WHEREAS, reflecting this feedback and recommendations to date from the CLC, Portland Housing Bureau and Prosper Portland released a second draft of the Action Plan on December 19, 2025; and WHEREAS, on January 7, 2026, CLC members present voted unanimously to recommend the proposed Action Plan to the Board and Council for approval as shared in Attachment B; andWHEREAS, on February 11, 2026, Prosper Portland Board of Commissioners voted to recommend the proposed Action Plan to City Council for approval; andNOW, THEREFORE, BE IT RESOLVED that the Portland City Council approves the Cully Action Plan included as Attachment A; andBE IT FURTHER RESOLVED that Portland City Council directs Prosper Portland and Portland Housing Bureau staff to work with City staff, community members, and other public and private sector partners to implement the projects and initiatives identified in the Action Plan.
Meetings, motions, amendments, and votes2 meetings · 2 votes
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Motion to refer the Resolution, Document Number 2026-082, to City Council with the recommendation it be adopted: Moved by Smith and seconded by Clark. (Aye (3): Smith, Clark, Ryan; Nay (2): Dunphy, Green)
Final Council action · Mar 11, 202610 yes · 1 no · 1 absent
Final action on 2026-082: Approve the Cully Tax Increment Financing District Five-Year Action Plan
Meeting-level motion or recommendation · Feb 24, 20263 yes · 2 no
Motion to refer the Resolution, Document Number 2026-082, to City Council with the recommendation it be adopted: Moved by Smith and seconded by Clark. (Aye (3): Smith, Clark, Ryan; Nay (2): Dunphy, Green)
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- First discovered
- Aug 13, 2026, 1:06 PM PDT
- Last checked
- Sep 13, 2026, 2:25 AM PDT
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- b464ab5b85c5ed0b
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- SOURCE UPDATED
Adopted
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Adopted
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Referred to City Council