Media resources
News releases:
June 2010
Woolsey Corner Construction Open House -- this green housing development in New Columbia will serve eight low-income homebuyers through Proud Ground
March 2010
Proud Ground secures significant program and project funding
November 2009
Proud Ground Adds 100th Home & Celebrates 10 years
September 2009
Portland Community Land Trust becomes Proud Ground
Photos, logo, and homeowner stories
To access high-resolution logo and photos for downloading, and related Proud Ground homeowner stories, move your cursor over the image, click the down arrow that appears, and choose Go To File. Any related homeowner story is to the right of the photo under the Comments section. Please use photo credits as provided under the photo.
About Proud Ground
To advance individual and community prosperity by investing in buildings, homes and families. Our mission.
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-appreciation 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 recently received funding to serve the City of Gresham and we are working to address the need in Washington County.
By the numbers (as of August 2010):
- 124 new Proud Ground homeowners since 1999 (includes resales)
- 112 permanently affordable homes in portfolio
- 0 foreclosures
- $132,000: Median household income of Proud Ground homeowners
- 51% minority families (42% minority heads of household)
- 70% female-headed households
- $137,000: 2009 median purchase price of a Proud Ground home, vs. $247,000 for a market-rate home in Portland
- $126,000: Median resale price of a Proud Ground home
- $20,000: Average profit earned at resale by a Proud Ground homeowner who has been in her home 5+ years, from a down payment of $500-$1,500 (based on Proud Ground resale formula and zillow.com)
For more information or additional photos please contact Kathy Armstrong: (503) 493-0293, ext. 18
