14816 NE Couch St.
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About This Property
This innovative project, a collaboration between Proud Ground, ReviveNW Construction, and BridgeTown Equity, is creating 16 modern and affordable 3-bedroom townhomes with thoughtfully designed features. These energy efficient homes feature solar panels for true "net zero" electric living, and a generous 10-year property tax abatement, further enhancing their affordability.
Buyers with ITIN numbers are allowed, please see the list of lenders for more details or contact us with your questions.
These homes are eligible for Portland Housing Bureau’s Tax Abatement Program. This program has a $1,000 application fee that can be paid at closing.
***Due to lender guidelines for new construction condominiums, 50% of the condos need to be under contract before buyers can purchase the homes. Due to this, closing timelines may be delayed.***
Offered by Undra Adams, real estate broker licensed in OR with listing office Proud Ground.
More Information:
For more information about this property, contact Undra Adams, licensed broker in Oregon, at 503-493-0293 x106 or undra@proudground.org
Attend a Q & A session to learn more - Register here - English Session or Spanish
Application Deadline - 5pm on Fri, July 25th
Open House TBD
Property Details
Address:
14816 NE Couch St. Portland, 97230
Year Built: 2025
Est. Sq. Ft.: 1,107
Estimated Monthly Payment: $1,989/mo*
Estimated monthly HOA/Condo fees: $223
Estimated Appraised Value: $340,000
Estimated Monthly Property Taxes: $68* with City of Portland Tax Abatement
Proud Ground Monthly Fee: $50
Estimated Recording Fees: $800
Max. front end/housing ratio: 38%
Max. back-end ratio: 45%
Asset Limit Post Closing: None
Minimum home buyer contribution to purchase: $500
1st time homebuyer required?: Yes
Land Lease or Covenant? Leasehold Condos with an Affordable Housing Covenant
*Payment amount assumes 6.125% interest on a 30-year, fixed-rate FirstHome loan of $259,500 with a $500 down payment and payment includes property taxes, insurance, service fee & HOA fees, if applicable. You must be an income-qualified homebuyer.Owner-occupancy, resale, and other restrictions apply. Final monthly payment and down-payment amount will be determined by the lender based on current interest rates.
Income Qualification
To qualify for this home, your total household income must be at or below a specific amount, based on household size. Proud Ground calculates your income by reviewing recent pay information and accounting for any expected raises or additional income that might occur during the first year you own your home. Household income includes gross annual income (before taxes), commissions, overtime, bonuses, child support, alimony, pensions, benefits, and income from anyone 18 or older living in the home, even if they’re not on the loan. Once you have purchased your home, no additional income certification is required. This is a strict guideline and no exceptions to maximum income limits can be made.
Please review the table to see if you qualify.
| Household Size | Maximum Household Income |
|---|---|
| 1 | $69,550 |
| 2 | $79,450 |
| 3 | $89,400 |
| 4 | $99,300 |
| 5 | $107,250 |
| 6 | $115,200 |
| 7 | $123,150 |
| 8 | $131,100 |
Application Deadline - 5:00 pm on Friday July 25th
Funding Support Provided By
