Community Land Trust Homeownership Program offered at Proud Ground
Community Land Trust Homeownership Program offered at Proud Ground
Provides affordable home ownership opportunities for home buyers with low to moderate incomes. Types of properties that are eligible include condos, single family homes, new construction, and remodeled homes. Works with community partners, lenders, builders, and others; prepares families and individuals for home ownership; helps households purchase existing homes at affordable rates; builds new affordable homes; offers homeowners tools to be successful; and helps manage the buying and selling of affordable homes.
Physical Address
5288 North Interstate Avenue, Portland, OR 97217
Hours
M-F, 9am-5pm.
Website
Application process
Call or visit website for more information.
Fee
Varies by service. Sale prices range from $240,000-$380,000 due to grants that lower the purchase price. Home buyers have small down payment requirements ($4,000-$6,000), often pay reduced property taxes, and typically avoid paying private mortgage insurance.
Eligibility
Households with income between 40%-80% of the area median income (AMI); participating households typically earn $3,500-$6,500/month before taxes. Limited opportunities for households earning up to 100% AMI.
Languages
Spanish
Service area
Washington, OR Multnomah, OR Lincoln, OR Clark, WA Clackamas, OR
Agency info
Proud Ground
Provides affordable homeownership opportunities for homebuyers with low to moderate incomes.