The SPACC TIF District

Sumner ‑ Parkrose ‑ Argay ‑ Columbia Corridor Tax Increment Financing District

A People-First Approach to Inclusive Growth

Parkrose is more than a place—it’s a diverse, resilient community. Historic Parkrose is proud to be the steward of Portland’s newest Tax Increment Finance (TIF) District: the Sumner‑Parkrose‑Argay‑Columbia Corridor (SPACC). This is not your typical redevelopment plan. It’s a community‑driven blueprint for inclusive growth—shaped by local voices, powered by equity, and designed to ensure everyone can thrive here, not just survive.

TIF IN NE PDX

““This is a once-in-a-generation opportunity to rewrite what revitalization looks like—by us, for us.””
— Héctor Márquez, Executive Director, Historic Parkrose

Co-Created, Not Top-Down

The Community Leadership Committee (CLC) is at the heart of this effort. This diverse group of local residents, business owners, and cultural leaders ensures that every decision is made with those most impacted at the table—not just in the room.

The CLC:

  • Develops 5-Year Action Plans with Prosper Portland & Portland Housing Bureau

  • Helps select development partners aligned with equity values

  • Tracks progress and transparency through public reporting

Why a TIF District?

Many of Parkrose’s buildings are aging, small businesses are at risk of displacement, and residents face barriers to safe streets, affordable housing, and economic opportunity. The TIF district allows a portion of existing local property taxes (NOT new taxes) to be set aside for investment into our neighborhoods for:

  • Affordable housing

  • Small business support

  • Street & sidewalk improvements

  • Cultural and community spaces

  • Green infrastructure and public art

This funding is guided by the community—not handed down from a corporate developer or distant agency.

How can you get involved?

Each CLC will have a CLC Liaison who will be tasked with speaking with community members and making sure those who live and work in the new TIF district know about the public meetings and understand how to stay involved and engaged.

The CLC Liaison for the SPACC TIF district is Annette Stanhope, and she can be reached at clcliaison@historicparkrose.com

For more information and access to important documents, and to sign up for meeting announcements, please visit SPACC TIF District on Prosper Portland’s website.