(formerly Portland Community Land Trust)

5288 N. Interstate Ave.
Portland, OR 97217
(503) 493-0293
www.proudground.org

AGENCY INFORMATION
Jesse Beason, Executive Director

Total Number of Staff: 7 (4.85 FTE)
Annual Operating Budget: $450,000
Total Cost of Development: $20M     
Area Served: Greater Portland Area
Year Incorporated: 1999

Total Number of Units Developed: 112 (Homeownership)        
Total Number of Units Under Development: 45 (Homeownership)

PROGRAMS AND SERVICES OFFERED

• Homeownership opportunities
• Homeownership Education & Counseling
• Housing Acquisition & Development

MISSION

To advance individual and community prosperity by investing in buildings, homes and families.

KEY ACCOMPLISHMENTS (as of 4/1/2010)

• 120 new Proud Ground homeowners since 1999
• 112 permanently affordable homes
• $137,000: Median Proud Ground home price in 2009, vs. $247,000 for a market-rate home in Portland
• Distributed $7.6 million in subsidy to make homes affordable since 1999; to make those same homes affordable today would require approximately $10.3 million in investment.
• Proud Ground retains 0% foreclosure rate among homeowners

CURRENT PROJECTS

Proud Ground development:

• Administer $791,000 in NSP funds in partnership with NAYA Family Center
• 8-12 courtyard housing units in Lents

Partner development:

• Eight condominium units with Orange Splot LLC, Woolsey Corner, New Columbia
• 18 condominium units (out of 36 total) in the Grant Warehouse Live-Work Project with Ivy City Homes LLC, NE MLK & Fremont
• 16 condominium units with Cityhouse Builders LLC, NE MLK & Rosa Parks

PARTNERS IN DEVELOPMENT

Current community partners and key funders: Adrian Dominican Sisters * Bank of America Foundation * Cityhouse Builders LLC * The Collins Foundation * Community Vision * Generations Fund * HomeStreet Bank * Ivy City Homes LLC * JP Morgan Chase * Minority Homebuyer Assistance Collaborative * Native American Youth & Family Center * Orange Splot LLC * Portland Development Commission * Portland Housing Bureau * Portland Housing Center * Portland YouthBuilders * Religious Communities Investment Fund * ROSE Community Development Corporation * Sisters of Charity, Seton Enablement Fund * Umpqua Bank * US Bancorp Foundation * Wells Fargo & The Wells Fargo Housing Foundation

STAFF PARTICIPATING IN INDUSTRY SUPPORT PROGRAMS

Jesse Beason Homeownership Development
Destin Ferdun Homeownership Development

Edward Gutiérrez Homeownership Education & Counseling
Maurice Higdon Fiscal Managers

Katie Ullrich Homeownership Education & Counseling
Steve Whitson Property & Asset Management