Developers
Proud Ground partners with nonprofit and for-profit real estate developers to create permanently affordable homeownership units in affordable and mixed-income developments. By partnering with Proud Ground, real estate developers are meeting inclusionary housing obligations and building to solve the affordable homeownership shortage in our communities.
Interested in partnering with Proud Ground?
Complete this short application to get started.
The following maximum affordable price points can be used as a guide to estimate project fit.
These price points are the affordable prices, not including any subsidy for the project.
For fee simple:
1 BR – $235,000
2 BR – $267,500
3 BR – $300,000
4 BR – $325,500
For condos:
Studio – $164,000
1 BR – $192,500
2 BR – $221,000
3 BR – $249,500
4 BR – $271,000
*Final maximum sales price cannot exceed 77% of the fee simple appraised value of the property, regardless of the numbers listed above. For example, if you are developing a 3 bedroom condo with an estimated appraised value of $250,000, the maximum sales price Proud Ground could agree to is $192,500.