Affordable - Pending

City of Portland

Down payment Assistance: $150,000

Do I qualify for this opportunity?

• Grant recipients must be first-time homebuyers and meet income qualifications.

• The home purchased must be located within eligible areas within the City of Portland, outside of the Lents Urban Renewal Area.

• Must qualify for a minimum mortgage of $325,000 with a Proud Ground preferred lender & have at least $5,000 of personal savings for earnest money & inspections. Please note you will also be responsible for loan closing costs. Your lender will provide you with an estimate.

• If you are selected, you and your Realtor will attend a grant orientation to review the grant guidelines and restrictions.

• Owner-occupancy, income limits, resale, and other restrictions apply.

• ITIN and Islamic Compliance loans are available please review lenders information.

  About this opportunity:

• 1 grant is available to qualified homebuyers

• Proud Ground, a state-registered nonprofit, administers all grant opportunities

• Funded by the City of Portland's CDBG HUD program/TIF, OHCS, HUD & Community Frameworks

• *Final grant amount based on need

Buyer will be required to complete 60 hours per homebuyer, plus 8 hours from a friend or family member of volunteer hours on the home after purchase. The hours must be completed within 3 months after the closing date.

Learn more about this opportunity by attending Proud Ground’s virtual Q & A session Register here

Join a virtual information session to learn more about Proud Ground’s program. View Calendar here.