Frequently Asked Questions
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About Proud Ground
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Proud Ground is a nonprofit organization that uses the Community Land Trust model to provide affordable homeownership opportunities for people who work and live in our community.
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Proud Ground makes homeownership affordable to income-qualified, first-time homebuyers through the Community Land Trust model. Working with our partners, we educate and counsel homebuyers and administer grant funding to create affordable homebuying opportunities. Once a homeowner purchases with Proud Ground, we provide post-purchase support to ensure the homeowner’s long-term stability in the home. Proud Ground maintains the permanent affordability of all the homes in our six-county portfolio of Clackamas, Clark, Jackson, Lincoln, Multnomah, and Washington Counties.
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Amid unaffordable prices, our approach focuses on maintaining home affordability. Homes purchased through Proud Ground stay affordable through resales, for future generations, countering neighborhood displacement. Monthly payments on a Proud Ground home are often less than a family was paying in rent.
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In exchange for a reasonable purchase price (about 20-50% LESS than a market-rate home), homeowners agree to resale arrangements that provide a seller with a share of the home's equity while ensuring the home remains affordable for another low to moderate-income homebuyer.
This arrangement is guaranteed through a legal agreement between Proud Ground and the homeowner. Homebuyers review these legal agreements with an attorney independent of Proud Ground to understand all the details before buying a home.
About Buying and Selling Proud Ground Homes
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First-time homebuyers who are income-qualified with steady incomes and access to credit but are not able to purchase a home the traditional way in today’s pricey market.
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Proud Ground homebuyers and grant recipients are often required to commit a certain number of hours of maintenance work on their home after they’ve purchased it. Work can be done by the homeowner, their family, and friends.
Have you completed your volunteer hours? Are you ready for us to take photos to document the work? Please contact homeowners@proudground.org.
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Proud Ground’s resale formula outlined in our legal agreement with our homeowners dictates the maximum amount a homeowner can get when they sell their home. The resale formula gives the homeowner a fair return on their investment, while still allowing the home to remain affordable to another eligible homebuyer. The resale formula grants sellers a portion of appreciation, what has been paid off of their mortgage principal, and their own personal down payment.
We estimate that homeowners who have owned a Proud Ground home for more than 10 years will earn, on average, $110,300 in equity at resale.