Opening Doors Capital Campaign
Ensuring That the American Dream is Truly Within Reach, for Everyone
About the Campaign
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.
In 2021, we launched the five-year, $5 million Opening Doors campaign to add at least 200 homes to our portfolio. With your support, we are making great strides. Additional support is needed, however, to ensure we cross the campaign finish line in 2025 having met all of our goals.
Support Our Mission: Make a Contribution
Please consider a gift to Opening Doors. Your contribution supports 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.
For information about the campaign, please contact Marilyn Kun, Fund Development Director, at 503.493.0293 ext. 105.
Campaign Progress at a Glance
185 New Homeownership Opportunities
$4.1 Million Raised
75.6% BIPOC Homeowners
Understanding the Need
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.
Symone’s Story
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 from college.
“I really like the idea of buying a home that would stay affordable for another family if I decide to move on.”
How Proud Ground Helps
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 $415,000 Single-Family Unit
$25,000 Opening Doors Investment
+ $75,000 Leveraged Public Investment (Subsidies)
$100,000 Down-Payment Assistance
Reduces the homeowner loan to $314,500.
(Homeowner escrow payment is $500.)
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 (below).
Each $25,000 raised creates a new dedicated affordable property
For many years KeyBank has been an avid champion of Proud Ground's proven model, and we are delighted to dramatically accelerate our support with this new grant [for the Opening Doors campaign]. Our mission is to help our communities thrive, and nowhere is that more important than in underserved populations who have historically lacked access to the opportunity to build wealth through homeownership.
Josh Lyons
Market President,
Oregon and SW
Washington
Keybank
Opening Doors Campaign Supporters
Thank you to the following supporters for leading the Opening Doors campaign through their one-time or multi-year commitments.
With your support, Proud Ground makes the dream of homeownership come true for working families. While we’ve highlighted our major donors below, all of our supporters—businesses, foundations, and individuals—are featured in our Impact Reports. See the 2023 Annual Report and latest Opening Doors report.
Lead Opportunity Supporters > $250,000
Jim & Diane Coward Family Foundation
KeyBank
Marie Lamfrom Charitable Foundation
US Bank
Wells Fargo Bank
Major Opportunity Supporters > $100,000
Anonymous
The Collins Foundation
JP Morgan Chase Bank
Ned and Sis Hayes Family Fund of
Oregon Community Foundation
Oregon Community Foundation
Washington Trust Bank
WRG Foundation of Oregon Community Foundation
Premium Opportunity Supporters > $50,000
Bank of America
Meyer Memorial Trust
PGE Foundation
SW Washington Community Foundation
Umpqua Bank
Opportunity Supporters > $25,000
Advantis Credit Union
Del’s Kids Family Fund of Oregon Community Foundation
Guild Mortgage
Leonard Pierce
M & T Bank
OnPoint Credit Union
Deborah Stein
Washington Federal Bank
William Warwick
Wyss Foundation of Oregon Community Foundation
Supporters of $10,000 or more
Banner Bank
Consolidated Community Credit Union
First Tech Credit Union
First Republic Bank
Joseph Weston Foundation of Oregon Community Foundation
PNC Bank
Portland Metropolitan Association of Realtors
Rivermark Credit Union
State Farm
AnnieRose Shapero
Union Bank
Major Subsidy Donors
Community Framework’s Self-Help Homeownership Opportunity Program
Department of Housing & Urban Development
Lincoln County
Metro
Oregon Housing and Community Services
Portland Clean Energy Fund
Portland Housing Bureau
Washington Housing Trust Fund
Washington County
City of Beaverton
City of Gresham
City of Hillsboro
City of Lincoln City
City of Medford
City of Newport
City of Tigard
City of Vancouver
Clark County
“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.”
— Lincoln County Commissioner Claire Hall