Committee Recommends Front Street Housing Financing Agreement | City of Portland | PORTLAND HOUSING DEVELOPMENT CORPORATION (PHDC)

Scope & details

The full contract record, as filed.

Contract amount

Affordable Housing Tax Increment Financing capture of 75% for up to 30 years; cumulative cap equal to total actual debt service cost

Contract type

FINANCIAL_SERVICES

Contract term

Up to 30 years, with the actual TIF term expected to end when the Genesis bridge loan is fully repaid, approximately 15 years

Renewal

No renewal or extension options were stated. The actual TIF term is expected to end upon complete repayment of the Genesis bridge loan, approximately 15 years after commencement.

Document type

Minutes

Source document

City of Portland Minutes Remote Housing and Economic Development Committee May 20, 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Portland?

Portland Housing Development Corporation (phdc) was awarded this financial services contract by City of Portland, as recorded on May 20, 2025. The contract value is Affordable Housing Tax Increment Financing capture of 75% for up to 30 years; cumulative cap equal to total actual debt service cost.

How much is the Portland Housing Development Corporation (phdc) contract with City of Portland worth?

The Portland Housing Development Corporation (phdc) contract with City of Portland is valued at Affordable Housing Tax Increment Financing capture of 75% for up to 30 years; cumulative cap equal to total actual debt service cost, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Portland Minutes Remote Housing and Economic Development Committee May 20, 2025 (Minutes), dated May 20, 2025 from City of Portland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Portland Housing Development Corporation (phdc) hold?

Portland Housing Development Corporation (phdc) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Portland Housing Development Corporation (phdc)'s profile

What is City of Portland currently buying?

Explore City of Portland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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