About

Since 1999 Proud Ground has made lasting investments in the financial stability and assets of moderate/low-income families by addressing the critical need for more affordable homeownership opportunities–-opening the door to the long-term wealth building, stability, and pride of owning a home.

Working with community partners, lenders, builders and others, we:
- prepare households for homeownership
- renovate existing homes
- build new, energy efficient and sustainable affordable homes
- offer homeowners tools to be successful
- ensure the permanent affordability of homes in our portfolio.

Proud Ground leverages community investment in every transaction, buying down the purchase price of a home. In exchange for an affordable home, Proud Ground homeowners agree, should they decide to sell, to shared-equity resale provisions that provide for a fair return on their investment while ensuring the home remains affordable for the next low-income, first-time homebuyer. The home remains in Proud Ground’s portfolio of affordable homes, and the original subsidy grows as the home appreciates in value.

An ongoing priority is our role in Portland’s campaign to close the minority homeownership gap. Deliberate research and dialogue resulted in an outreach strategy that has increased our service to communities of color.

We are committed to healthy and efficient buildings supporting healthy families. Our materials and systems are carefully chosen to provide durability and support a healthy indoor environment. Projects use Oregon High Performance Homes, Earth Advantage, and LEED for Homes certification processes and guidelines.

Recognizing that the need for homes working families can afford does not end at city lines, Proud Ground expanded its service area; we started serving the City of Gresham in 2011 and we are working to address the need in Washington County.

By the numbers (as of December 2011):
- 145 new Proud Ground homeowners since 1999 (look for the 150th homeowner in February 2012!) - 125 permanently affordable homes in portfolio
- 0 foreclosures
- $132,000: Median household income of Proud Ground homeowners
- 48% minority families (39% minority heads of household)
- 68% female-headed households
- $121,000: 2011 median purchase price of a Proud Ground home, vs. $222,000 for a market-rate home in Portland
- $125,400: Median resale price of a Proud Ground home

For more information or to inquire about obtaining photos please contact Kathy Armstrong: (503) 493-0293, ext. 18

our goals

Prosperous families. Today, home equity represents more than 80% of the typical family's wealth. But owning a home provides more than equity. Homeownership also means stable payments, a secure place to call home and an opportunity to invest in the future.

Smart investments. Home ownership remains beyond the reach of many families. Our community invests in Proud Ground to give families access to affordable homeownership, and all of the related benefits, for generations to come.

Strong communities. Vibrant neighborhoods depend on stable families and businesses that are invested in their neighborhood and community. From the local school to the corner store to city hall, the whole community benefits when a family owns their home.

Help support stable, strong communities.

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our goals