12/19/11

VISION: Fair distribution of investment burdens and benefits

GOALS: Provide neighborhood job opportunities through EcoDistrict projectsEnable both property renters and owners to invest in new developmentEnsure that the perspective of all ethnicities and income levels inform project prioritiesPromote equity and opportunity through all EcoDistrict activities

1.2.3.

4.

EQUITABLE DEVELOPMENT

Baseline income mix

2010

2015

2000

Median Household Income: $37,348

Median Household Income: $58,884

Median Household Income: $51,673

Owner vs. renter occupied housing

2000

2010

2015

Affordable based on a mediancity income of $51,000 (2004)In Lents: ~$43,000 (2004)

High cost loans as a share of home purchase loans by race/ethnicity by census tract

Source: Greater Portland Pulse

Equity Map: Housing

Source: Lents URAC Annual Report

Equity Map:Business & IndustryRevitalization

Source: Lents URAC Annual Report

$0

$1

$2

$3

$4

$5

$6

$7

$8

$9

Business Dev. Housing Infrastructure Property Redev. Admin/Indirect

Mill

ions

Lents Investments By Business LineFY 2007 – FY 2012

FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Budget

Source: Lents URAC Annual Report

12/19/11

Baseline

Metric

Goal

Target

Target

Jobs

2050600 jobs

2030300 jobs

2020150 jobs

0EcoDistrict

Jobs

TARGETS : EcoDistrict Job Creation

PDC jobs created/ retained since 1998 320 jobs

Neighborhood Economic Development Strategy

500 new jobs created by CBOs; 1000 new jobs through clusters/high

growth industries

Additional jobs above city established goals

88 Market

Ararat

Daisy’s Tienda

Mexicana

Henry C-Store

Mt. Scott Market

Oriental Food Value

Walmart