Investing in Affordable Homeownership
While homeownership symbolizes the American dream, discrimination has systematically prevented generations of families from attaining this dream.
Proud Ground strives to dismantle these discriminatory barriers by Opening Doors to homeownership. With your support, we enable successful first-time homeownership for our priority populations —
low- to moderate-incomes families and BIPOC communities.
Every Opening Doors investment promotes social justice, affordable housing, and diverse neighborhoods.
5-Year, $5 Million Campaign Goals
January 1, 2021 through December 31, 2025
Create 200 new permanently affordable homeownership opportunities
Focus on serving communities historically denied access to homeownership (75% of new homeowners identify as BIPOC)
Support Oregon’s and Southwest Washington’s lower to moderate-income working families
Create a replicable and scalable way to create affordable homeownership opportunity: systemic, multi-generational impact
Contact Marilyn at 503-493-0293 ext. 105 to learn more.
Campaign Progress: January 1, 2021 to November 12, 2024
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$4.1 Million Raised
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185 New Homes
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77.5% BIPOC
Symone’s Story — Proud Ground Homeowner
Symone is celebrating her first year as a new homeowner. She loves her three-bedroom North Portland townhome, which she shares with her younger sister who just graduated college.
“I really like the idea of buying a home that would stay afforable for another family if I decide to move on.”
Homeownership Disparities for People of Color
Current U.S. Census data show homeownership disparities for People of Color. It’s crucial to invest now for lasting change, creating wealth and opportunity for historically excluded families.
Our Homeownership Model
The Opening Doors model leverages investments from the private and public sectors to remove barriers to homeownership and launch permanently affordable properties.
Example: A $350,000 Single-Family Unit
$25,000 Opening Doors Investment
+ $75,000 Leveraged Public Investment (Subsidies)
$100,000 Down-Payment Assistance
Reduces the homeowner loan to $250,000.
Families build assets and the property taxes remain permanently affordable.
Proud Ground’s community land trust model puts home ownership within reach for many working families compared to a traditional mortgage or continuing to rent. Plus, homeowners build equity, creating generational wealth. See the Affordability Comparison illustration (right).
Each $25,000 raised creates a new dedicated affordable property
Opening Doors Investors
Thank you to the following investors for leading the Opening Doors campaign through their one-time or multi-year commitments.
Lead Opportunity Investors $250,000 or more
Jim & Diane Coward Family Foundation
Marie Lamfrom Charitable Foundation
Major Opportunity Investors $100,000 or more
Ned and Sis Hayes Family Fund of Oregon Community Foundation
Anonymous
Premium Opportunity Investors $50,000 or more
Opportunity Investors $25,000 or more
William Warwick
Wyss Foundation
Deborah Stein
Del’s Kids Family Fund
of Oregon Community Foundation
Leonard Pierce
Opportunity Investors $10,000 or more
Joseph E. Weston Foundation of Oregon Community Foundation
AnnieRose Shapero
Major Subsidy Donors
“This is a model that’s going to provide homeownership needs to teachers, nurses, public safety people — working families who don’t have a chance at homeownership now.” - County Commissioner Claire Hall
