Jesse Beason_BWH Portland 2011

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Jesse Beason_BWH Portland 2011

  1. 1. MEET PROUD GROUND
  2. 2. What makes usdifferentWe create equity for thecurrent generation whilepassing on affordability tothe next.
  3. 3. Why permanent affordability?300000 Market-Rate Proud Ground250000 MFI20000015000010000050000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
  4. 4. How does it work?• To protect homeowner rights, and keep the home affordable, Proud Ground and homeowner sign a legal agreement.• In this agreement, a resale formula ensures affordability when or if a homeowner decides to sell.
  5. 5. It is like traditionalhomeownership in that...• You have a mortgage with a bank.• You accumulate equity.• You enjoy the tax benefits of homeownership.• You pay property taxes, though they are often reduced.• You are free to remodel and improve your home and yard.• Your home can be inherited.
  6. 6. It is different inthat...• The purchase price is much, much lower.• In exchange, you resell the house at an affordable price and enjoy a fair return on your investment.
  7. 7. Working with brokers• Our buyers are represented by a broker• We pay buyers agent fees• Our homes are listed after the First Look period
  8. 8. Working with employers• Payroll inserts, posters, e-campaigns• Dedicated information sessions• Geographic targeting• Down payment assistance
  9. 9. Thank you!

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