12/19/11 vision: fair distribution of investment burdens and benefits goals: provide neighborhood...
TRANSCRIPT
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