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jbeason's comments:
on Foreclosing in Oregon
It saddens me to see so many of our neighbors and friends struggling and losing their homes. But I want to inject that there are programs out there that help homebuyers buy a home they can sustainably afford.
I work for Proud Ground and we offer and unique and successful model to make homeownership affordable. Over the past ten years, we've helped more than 130 families buy their first home at a price they can afford.
And not a single one of our families have lost their homes to foreclosures.
Why? Our families receive only fixed-rate traditional mortgages, post-purchase support and sales prices they can afford.
True/Slant recently covered our model in an interview.
Thank you for covering this topic.
posted 2 years, 10 months ago
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on Finding Solutions: What Works and Why for Housing
Proud Ground is a nonprofit with a program similar to Clackamas Community Land Trust serving Portland. Our mission is to create equity for homeowners today and maintain affordability for the generations that come after us. We buy down the purchase price of the home by $40,000 to $80,000 making your mortgage affordable.
We've helped nearly 120 families buy their first home. Today, the average Proud Ground homeowner who has owned their home for more than five years has more than $25,000 in equity, not to mention the principal they've paid down on their mortgage.
Proud Ground has homes for sale now beginning from $125,000. You can learn more at www.proudground.org.
posted 3 years, 4 months ago
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